Global business companies in mauritius

Formed in , the ATMC is the flagship representative body in the global business industry. S 71 of the Financial Services Act defines a global business company GBC as a resident corporation which proposes to conduct business outside Mauritius. The Finance Act amends the the Financial Services Act to allow Global Business Category 1 companies to extend their operations to the domestic economy. A GBC 1 is a resident corporation and is resident for tax purposes in Mauritius. A GBC1 can be structured as a protected cell company, a limited life company or an investment company. GBC 1 being tax residents are the ideal vehicles for investment purposes as they benefit from the DTAs.

Global business category 2 (GBC2 company)

Global Business Companies

The reputation of Mauritius as an International Financial Centre rests on the quality of its services and its pool of highly qualified professionals. The Financial Services Act FSA adopted in , simplifies the regulatory regime and consolidates the legislative framework of the global business sector. In monitoring the conduct of business activities of its licensees, the FSC focuses inter alia on market conduct, Anti-Money Laundering and Combating the Financing of Terrorism requirements, corporate governance principles and international norms and standards. A company applying for a Global Business Licence should pass the test of conducting business outside Mauritius. An applicant for a Global Business Licence is required to submit the appropriate application to the FSC, channeled through a Management Company of its choice.

About ABC Global

Please contact customerservices lexology. The legal framework in Mauritius is constantly evolving to keep pace with the rapidly changing economic environment. This once again demonstrates the will of the Mauritian Government to keep abreast of international standards while remaining an attractive destination for foreign investors and promoting ease of doing business in Mauritius.
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