GBC v/s MAC

TABLE OF COMPARISON

Global Business Company	Mauritius Authorised Company
Beneficial Owners
No publicly accessible records Shares can be held by nominee arrangements	No publicly accessible records Shares can be held by nominee arrangements
Shareholders
Minimum of one shareholder Corporate shareholder permissible No local shareholder requirement Location of meeting can be anywhere No publicly accessible records No bearer shares permitted	Minimum of one shareholder Corporate shareholder permissible No local shareholder requirement Location of meeting can be anywhere No publicly accessible records No bearer shares permitted
Directors
Min of 2 local resident directors required for access to DTAs No corporate directors permissible No publicly accessible records Meeting to be chaired from Mauritius to avail from DTAs	Min of 1 directors required Corporate directors permissible No local director requirement No publicly accessible records Location of meeting can be anywhere
Company Secretary
Management company to act as company secretary	Appointment of company secretary is optional
Incentives
Introduction of an 80% exemption regime on the following income: foreign dividend, subject to amount not allowed as deduction in source country foreign source interest income profit attributable to a permanent establishment of a resident company in a foreign country foreign source income derived by a collective investment scheme (CIS), Closed End Funds, CIS Manager, CIS administrator, investment adviser or asset manager licensed or approved by the FSC income derived by companies engaged in ship and aircraft leasing	Exempt from taxation in Mauritius No capital gains, nor withholding taxes
Accounts & Return
Annual audited account to be filed No publicly accessible records No annual company return filing to be done Quarterly and annual tax filing requirement	Annual financial summary to be filed To file return of income to the MRA within 6 months of its year end
Others
No stamp duties on transfer of shares FSC Processing fees of USD 500 FSC License fee of USD 1,750 Annual registration fee of USD 300 Re-domiciliation possible Access to over 40 DTA treaties	No stamp duties on transfer of shares FSC Processing Fee of USD 150 FSC Annual licence fee of USD 350 Annual registration fee of USD 100 Re-domiciliation possible No Access to DTA treaties
Financial Services
Funds (Equity & Hedged) Investment Dealer, Investment Adviser, Fund Manager, Payment Services Provider, Insurance Broker	Not allowed

The above information is for guidance only and therefore the material contained herein should not be regarded, viewed or considered as an advice. You should contact your tax or professional adviser/s for appropriate detailed professional advice. We accept no liability for the accuracy of the information contained herein, nor any loss arising from reliance on it.

If you require an Offshore Company or need an advice for your needs, please call our Expert Team who can assist you with your requirements. You are invited to call us at (230) 245 6703. You may send your enquiries by email: contact@premier.mu or by fax at (230) 245 6704.