GBCs
GBCs are tax resident entities governed by the Mauritius Companies Act 2001/Financial Services Act 2007. They are mostly used to structure investments for companies wishing to benefit from the provisions of Double Taxation Agreements (DTAs).
Other allowed activities are: regional headquartering, acting as holding companies/trading/consultancy etc., provided the ultimate purpose is to make an investment or provide a product or a service outside Mauritius
- Corporate Tax: 15%. Under certain conditions, the company can benefit from a maximum effective tax rate of 3%, by applying a foreign tax credit or deemed tax credit of 80% (whichever is higher).
- Capital gains tax, Inheritance tax, Withholding taxes, tax on bank interest: Nil.
- Share Capital: Can be of par value or no-par value and can be paid in any foreign currency.
- Directors: Minimum 2 local resident directors required and corporate directorship not allowed.
- Shareholders: Minimum 1 and Corporate/Nominee shareholding allowed.
- Company Secretary: Needs to be a licensed Management Company in Mauritius.
- Registered Address: Should be in Mauritius.
- Financial Statement: Audited financial statements should be prepared and filed within 6 months after the balance sheet date.
- Tax Return: Should be filed within 6 months after the balance sheet date.
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