Mauritius is an island nation off the coast of the African continent in the southwest Indian Ocean, about 900 kilometres (560 mi) east of Madagascar located in the Indian Ocean with a population of approximately 1 200 000 people. The official is English though French is also widely spoken on the island.
Activities and Advantages of a Global Business Licence Category 2 (GBL2):
- Tax exempt.
- Equivalent to the International Business Company type.
- Procedure for incorporation is carried out quickly.
- Subsequent simple administration - minimal statutory and filing requirements.
Features of GBL2 Incorporation
| Statutory relevance | Companies Act 2001 |
| Minimum number of subscribers | 1 |
| Minimum number of shares | 1 |
| Minimum number of shareholders | 1 |
| Shares to bearer | No |
| Nominee shareholders | Yes |
| May benefit from DTAs | No |
| Minimum number of directors | 1 |
| Corporate director | Yes |
| Annual general meeting | No |
| Audited accounts | No |
| Continuation / re-domiciliation from/to another jurisdiction | Yes |
| Incorporation period | 5 days |
|
May be active in banking, insurance, fund management and any activity involving public money |
No |
| Subject to taxation | No |
| Underlying foreign tax credit | - |
| Capital gains tax | No |
| Withholding tax on dividends or interest paid out | No |
* A minimum of two directors is required if the company wishes to apply for a Tax Residence Certificate which is a requisite per se towards claiming double taxation relief under the various double taxation agreements (DTAs) signed by Mauritius.
