MAURITIUS Global Business Company Category 1 (GBC I | GBL I)

The GBC1 license has been discontinued by the FSC and replaced with the new GBC license following a change in law.

Mauritius GBC1s are companies incorporated under the Companies Act 2001 and licensed by the Mauritius Financial Services Commission. They are resident in for Mauritius for taxation purposes and have access to Mauritius' extensive double taxation avoidance treaty network provided they hold a Tax residence Certificate issued by the Mauritius Revenue Authority. In order to obtain the GBC1 Licence (GBL1) from the Mauritius Financial Services Commission it will have to satisfy the following factors:

  • Shall have or has at least 2 directors, resident in Mauritius;

  • Shall maintain or maintains at all times its principal bank account in Mauritius;

  • Shall keep and maintain or keeps and maintains, at all times, its accounting records at its registered office in Mauritius;

  • Prepare or proposes to prepare its statutory financial statements and causes or proposes to have such financial statements to be audited in Mauritius;

  • Provides for all meetings of directors to include at least 2 directors from Mauritius.

Although subject to Mauritian tax, they benefit from tax credits and a low tax rate (see below). GBC1 companies have commonly been used by foreign business to structure investments and projects with Mauritian double tax avoidance treaty partners, including India, China, Italy, Luxembourg, Thailand, Rwanda, South Africa, etc

Fiscal advantages

  • Mauritius taxation on foreign income: taxed at 15% less a generous deemed foreign tax credit of 12% or 15% less actual foreign tax paid
  • Mauritian capital gains tax or withholding tax: no
  • Minimum annual Mauritius Government License fee (aggregate): US$ 2000
  • Registrar of Companies annual fee: USD200

Other Incentives For A GBCI

  • No capital gains tax
  • Royalties ,interests and service fees payable to foreign affiliates are allowed as expenses provided they are reasonable and correspond to actual expenses incurred
  • Interests paid on deposits in Banks are tax exempt
  • Dividends paid by a GBC1 are tax exempt
  • Royalties paid to non-residents are exempt
  • No stamp duties ,registration duties or levies
  • Duty concessions on office equipment ,furniture and motor vehicles


  Type of the company   GBCI
  Common law or civil law   Common Law
  Readymade company available   Yes
  Non-English company allowed   Yes
  Legislations   Mauritius Companies Act 2001 and the Financial Services Act 2007


  Minimum number of Directors   2 required for access to Mauritius tax avoidance treaties
  Corporate directors permissible   No
  Local director requirement   2 required for access to Mauritius tax treaties
  Publicly accessible records of directors   No
  Location of directors meetings   In Mauritius for tax treaty access


  Minimum number of shareholders   1
  Corporate shareholders permissible   Yes
  Local shareholder requirement   No
  Location of shareholders meetings   By proxy permitted
  Publicly accessible records of shareholders   No


  Publicly accessible records of beneficial owners   No
  Shares may be held by a nominee on behalf of beneficial owner client   Yes


  Appointment of Mauritian resident (qualified) Company Secretary   Yes


  Standard currency   USD, GBP or EURO
  Permitted currencies   any (except Mauritian Rupees)
  Registered shares   Bearer shares not permitted


  Requirement to file annual Accounts   Yes ,within 6 months of financial year end
  Audit requirement   Yes
  Publicly accessible Accounts   No
  Requirement to file annual company return   No
  Requirement to file income tax return   Yes


  Migration/redomiciliation of companies to or from Mauritius   Yes
  Double taxation treaty access   Mauritius has an extensive double taxation avoidance treaty network with more than 30 countries
  Requirement   registered office and licensed Secretary / Registered Agent in Mauritius
  Trading restrictions   if duly licensed by the Mauritian authorities, a GBC1 may carry on the business of banking, insurance, reinsurance, fund administration, etc
  Powers A GBC1 has the same powers as a natural person, including the right to sue and be sued. It is a separate legal entity with limited liability and has perpetual existence
  Name restrictions: it is prohibited (or requires requisite licence) for a GBC1 name to contain words such as "Bank", "Trust", "Building Society", "Insurance", or which suggest the patronage of any Government. It is prohibited to use a name already in use.
  Language of GBC1 name: while normally in English or French, a GBC1 name can be in any language, but must be accompanied by an approved translation in English.

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 a GBC1 company, 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: or by fax at (230) 245 6704.