Everything you need to know about GBCs in Mauritius

The complete guide for foreign investors from C&S Secretarial Services

In Mauritius, Global Business Companies (GBCs) offer a strategic solution for entrepreneurs and investors focused on international markets. Backed by a competitive tax regime and strong regulatory oversight, this legal structure has long attracted businesses seeking a reliable base in the heart of the Indian Ocean.

C&S Secretarial Services is one of the leading firms in the structuring of such companies and is now considered a key partner. With an experienced team and a strong focus on compliance, the firm supports clients in the setup, management, and regulatory monitoring of their GBCs.

What is a Global Business Company?

A Global Business Company (GBC) is a company registered in Mauritius that mainly operates internationally. It is governed by the Companies Act of 2001 and must obtain a licence from the Financial Services Commission (FSC).

As a tax resident in Mauritius, a GBC can benefit from the country’s network of Double Taxation Avoidance Agreements (DTA) signed with over 40 jurisdictions. It is commonly used for:

• Investment fund management;
• Cross-border financial services;
• International trade;
• Holding assets or equity stakes;
• Intellectual property and licence management.

A strong and reputable regulatory framework

Unlike some jurisdictions considered non-cooperative, Mauritius has implemented transparency and compliance requirements that are recognised internationally. To maintain its GBC status, a company must:

• Have at least two directors residing in Mauritius;
• Demonstrate that effective management is conducted locally;
• Meet all accounting and tax obligations (bookkeeping, audits, filings);
• Maintain sufficient economic substance in Mauritius.

A GBC must therefore have a genuine presence in Mauritius, which strengthens its credibility with banks, investors, and international tax authorities.

What are the tax benefits of GBCs?

The standard corporate tax rate in Mauritius is 15%, but GBCs can benefit from an 80% partial tax credit on certain types of income, effectively bringing the rate down to 3%. This applies to:

• Foreign-source dividends;
• Interest income;
• Royalties;
• Income from regulated activities.

GBCs are also exempt from withholding tax on dividends paid abroad, and Mauritius does not impose any wealth tax or capital gains tax.

Why choose Mauritius to set up an international company?

Mauritius offers a stable legal environment, competitive tax system, and a wide network of bilateral tax treaties. English is the language of business and law, and international jurisdictions increasingly recognise the credibility of Mauritius as a financial hub. Key advantages include:

• Access to African, Asian, and European markets;
• A transparent regulatory framework aligned with OECD standards;
• A solid banking system with the option to open multi-currency accounts;
• Advanced digital infrastructure ideal for remote operations.

Who should consider a GBC?

GBCs are suited for foreign investors, entrepreneurs, multinational companies, or asset managers looking to conduct international business from a strategic location. They are particularly relevant for:

• Regional or global holding companies;
• Investment funds;
• Family offices;
• Consulting firms operating in multiple jurisdictions;
• International digital service providers.

How to set up a GBC in Mauritius

A GBC must be incorporated through a Management Company licensed by the FSC, such as C&S Secretarial Services. The firm plays a central role in the setup process:

• Analysing the project and selecting the right structure;
• Preparing the company’s constitution and legal documents;
• Registering with the Registrar of Companies;
• Submitting the GBC licence application to the FSC;
• Opening the company’s business bank account;
• Ensuring compliance with substance and governance rules.

With C&S Secretarial Services, the setup process can be completed in just 48 hours, depending on the project and the documents provided.

GBC vs Authorised Company: Understanding the difference

Mauritius also offers the Authorised Company structure, designed for entities whose management and income are generated outside Mauritius. Unlike a GBC:

• An Authorised Company is not a tax resident;
• It does not benefit from DTAs;
• It is subject to lighter accounting obligations;
• It is more suitable for passive holding companies or certain family structures.

Choosing between a GBC and an Authorised Company depends on the strategic, tax, and operational goals of the project owner.

Economic substance: A core requirement

Since 2019, the OECD and the European Union have reinforced the need for economic substance. Every GBC must demonstrate real activity in Mauritius, through:

• Local operational expenses;
• Hiring local staff;
• Active management by Mauritian directors.

This requirement ensures Mauritius is not used as a simple mailbox address for shell companies.

Why work with C&S Secretarial Services?

C&S Secretarial Services is a trusted provider of corporate secretarial services in Mauritius. The firm offers tailored support to investors who choose to work with them, including:

• Company formation (GBC, Domestic Company, Authorised Company);
• Ongoing administrative and legal services;
• Continuous regulatory compliance (FSC, MRA, ROC);
• Structuring advice aligned with tax and legal objectives.

The C&S team is made up of seasoned professionals, including Chartered Accountants, ICSA members, and experts from the local banking and fiduciary sectors.

Recognised expertise

• Best Corporate Secretarial Services Firm – Mauritius, 2023
• Finalist – WIA 54 Program, 2021

The firm is led by Anjela Sonya Mohadeb (LLB, Chartered Governance Institute) and Shyam Mohadeb (former PwC Partner), who bring strategic insight and an extensive network to benefit their clients.

Get in touch with C&S Secretarial Services to set up your GBC in Mauritius

If you’re looking to set up a compliant and efficient GBC aligned with your international growth goals, get in touch with C&S Secretarial Services. Their team will provide fast, tailored support to meet both local and international requirements.