Moving forward, every GBC bank account must include at least one officer from its licensed Management Company (MC) as an authorised signatory. This individual must be vetted and approved by the FSC under Section 24 of the Financial Services Act (FSA).

The End of Unilateral External Control

Historically, GBC bank mandates allowed complete operational independence from local administrators. Accounts could be operated exclusively by beneficial owners, nominee directors, or third-party signatories operating outside the Management Company structure. While Management Companies handled legal administration, they were frequently excluded from banking execution.

That structural disconnect has now been closed.

Key Mandate Requirements

Under the new Paragraph 9.2 guidelines, compliant banking arrangements require specific local oversight:

• Vetted MC Officer: The designated signatory must hold individual FSC approval under Section 24 of the FSA.
• Resident Director Eligibility: A resident director appointed under Section 71(3)(b)(i) of the FSA, holding FSC approval, satisfies this requirement.
• Universal Application: The mandate applies to all bank accounts held by a GBC, whether maintained in Mauritius or with international institutions.

Transitional Timeline and Deadlines

The enforcement schedule requires prompt operational adjustment from existing corporate structures:

• 19 June 2026: The official effective date. All GBCs incorporated on or after this date must establish bank accounts with an approved MC officer from inception.
• 19 September 2026: The deadline for existing GBCs. Licensed entities have a three-month transitional window to update current bank mandates.

Failure to align banking arrangements by 19 September 2026 leaves entities non-compliant, exposing licensees to direct supervisory intervention and administrative penalties from the FSC.

Operational Impact on Owners and Management Companies

While procedural in form, the regulatory shift alters daily administration across the jurisdiction.

1. Beneficial Owners

Ultimate beneficial owners retain operational access and transaction-initiating authority. However, unilateral control over corporate accounts has ceased. Introducing a regulated local signatory adds an institutional layer of oversight to corporate execution.

2. Management Companies

For Management Companies, co-signatory status increases legal exposure and administrative burden. Because designated officers carry formal accountability for account activity, MCs must enforce stricter internal review protocols regarding incoming and outgoing flows.

Four-Step Compliance Roadmap

To avoid transaction friction or banking disruptions ahead of the September deadline, corporate boards must execute a structured update:

1. Audit Account Portfolios: Map every bank account across group GBCs to identify mandates lacking an approved MC signatory.
2. Engage Management Companies: Formalise the appointment of an FSC-approved officer to be added to affected accounts.
3. Factor in Banking Lead Times: Mandate updates require board resolutions and refreshed KYC documentation. Financial institutions typically require two to six weeks to process these revisions.
4. Adjust Pipeline Structures: Ensure incoming GBC incorporations incorporate compliant banking signatories from the outset.

Reinforcing Mauritius as a Substance-First Hub

This regulatory tightening aligns with broader jurisdictional efforts to position Mauritius as a substance-first financial centre.

By ensuring no GBC operates bank accounts without direct involvement from a locally approved professional, the FSC removes the risk of shell entities detached from their host jurisdiction. The reform safeguards the international credibility of Mauritius structures while preserving their core advantages: a 15% corporate tax rate with foreign tax credits, an extensive network of 46 double tax treaties, and full alignment with EU and OECD standards.

Managing Your Bank Mandate Transition

Updating corporate banking arrangements requires precise coordination between directors, Management Companies, and financial institutions ahead of the 19 September 2026 deadline.

C&S Secretarial Services conducts complete structural audits, drafts necessary board resolutions, and liaises directly with banks to regularise signatory mandates.

Ensure your corporate structures remain fully compliant. Contact C&S Secretarial Services to audit your banking arrangements and execute the required regulatory updates.

FAQ – FSC Mandates Management Company Bank Signatories

Sources of this article : 

• Mauritius FSC Introduces New Authorised Bank Signatory Regime for GBCs — Effective 19 June 2026

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While regulatory fee revisions are a standard feature of financial jurisdiction management, this latest intervention carries distinct operational weight. For international group structures, private equity funds, and cross-border operations domiciled on the island, the decision signals a shift towards higher supervisory cost recovery—most noticeably impacting non-resident business entities.

Authorised Companies Bear the Brunt of the Adjustment

The most striking aspect of the FSC’s statutory instrument is the asymmetry of the fee increases.

Historically, Authorised Companies operated under a nominal fee base, making them a cost-effective vehicle for passive holding structures, international trade routing, and non-resident asset protection. Because ACs are held by non-citizens and operate predominantly outside Mauritius, they have traditionally enjoyed a lighter regulatory footprint.

Under the revised schedule, however, the annual licence fee for an AC quadruples from USD 350 to USD 1,400, alongside an application processing fee hike from USD 150 to USD 600. For corporate groups holding multiple AC vehicles across their international architecture, this represents a sudden and compounding increase in annual maintenance overheads.

By contrast, the adjustment for Global Business Companies is comparatively measured. GBC annual licence fees move from USD 1,950 to USD 2,600, with processing fees nudging up to USD 600 (from USD 500).

Summary of Revised FSC Tariff Schedule (effective 1st July 2026)

Global Business Company (GBC):

• Application Processing Fee: USD 600 (formerly USD 500)
• Annual Licence Fee: USD 2,600 (formerly USD 1,950)

Authorised Company (AC):

• Application Processing Fee: USD 600 (formerly USD 150)
• Annual Licence Fee: USD 1,400 (formerly USD 350)

This structural realignment suggests that regulators are narrowing the cost gap between full-substance GBCs and lighter-touch Authorised Companies. In doing so, Mauritius aligns the maintenance cost of offshore corporate vehicles with contemporary global governance standards and heightened international substance requirements.

Governance Priorities for Corporate Boards Before 30th September

To buffer the financial transition, the FSC has introduced a temporary administrative extension. While annual dues traditionally fall on 1st July, entities have been granted until 30th September 2026 to settle their account balances without penalty.

From a corporate governance perspective, allowing licence payments to slip past this grace period presents avoidable exposure. Under Mauritian corporate law, prolonged delinquency exceeding six months puts entities at risk of statutory lapsation—effectively freezing local corporate status and compromising operational legality.

To navigate this transitional window seamlessly, treasury functions and corporate secretaries should execute a three-point operational review:

1. Conduct a Portfolio Audit: Re-evaluate all active GBC and AC structures within the group to ensure their holding rationales align with the updated cost baselines.
2. Re-align Cash Flow Forecasts: Adjust administrative budgets immediately to absorb the higher annual fee liabilities for the 2026/2027 fiscal cycle.
3. Factor in Banking Lead Times: Authorise international fund transfers well ahead of the September deadline. Cross-border settlement, intermediary banking routing, and compliance clearing can routinely add several days to processing timelines.

First-Year Pro-Rata Considerations

For structures incorporated midway through the current financial year (1st July to 30th June), first-year licensing liabilities should be calculated against the FSC’s quarterly tiering:

• Q1 (Jul – Sep): Full annual liability (GBC: USD 2,600 / AC: USD 1,400)
• Q2 (Oct – Dec): 75% payable (GBC: USD 1,950 / AC: USD 1,050)
• Q3 (Jan – Mar): 50% payable (GBC: USD 1,300 / AC: USD 700)
• Q4 (Apr – Jun): 25% payable (GBC: USD 650 / AC: USD 350)

Corporate secretaries and treasury managers must ensure that newly formed entities are billed strictly against their quarter of authorization rather than an assumed flat annual rate.

Preserving Good Standing with C&S Secretarial Services

Keeping a Mauritian entity in good standing is ultimately a matter of basic administrative hygiene.

C&S Secretarial Services provides end-to-end corporate management, statutory filings, and governance advisory for international businesses in Mauritius. Our specialized teams manage regulator relations, verify licensing status, and oversee fee settlements to ensure entities remain fully compliant with FSC directives.

Speak to our senior corporate specialists today to conduct a compliance audit of your Mauritian entities ahead of the September deadline.

Source of this article : 

• Mauritius FSC Raises GBC and Authorised Company Fees for 2026 | Acclime 

L’article Strategic Cost Realignment: Mauritius Raises Licencing Fees for International Entities est apparu en premier sur C&S Secretarial Services.

For Mauritius, this shift is reshaping how the country positions itself as an International Financial Centre and as a gateway between Africa and Asia. In response to these shifts, Mauritius has set out a four-year roadmap to accelerate its digital development and strengthen its regional positioning. Connectivity is no longer treated as a technical consideration, but as a strategic component of the country’s investment narrative. As this focus becomes more pronounced, C&S Secretarial Services examines where Mauritius stands today in terms of digital infrastructure and what investors can expect going forward.

Mauritius’s existing digital strategy

Geography has long worked in Mauritius’s favour. Located in the Indian Ocean, the island sits at a natural crossroads between Africa, Asia and the Middle East. Over time, this position has made Mauritius a logical landing point for several international submarine cable systems, anchoring the country within major global data routes.

This has resulted in a diversified international connectivity landscape that reduces dependence on a single route and improves overall network resilience. For an island economy, this diversification is particularly significant, as it enhances continuity and mitigates exposure to external disruptions.

Over the years, sustained investment in telecom infrastructure has also enabled nationwide fibre connectivity for both residential and enterprise use, alongside advanced mobile networks. Investment in digital infrastructure is also complemented by a stable regulatory framework governing data protection and cybersecurity.

Mauritius also benefits from a growing ecosystem of data hosting and digital services, supporting activities ranging from international financial services to technology-driven business operations. For investors, this infrastructure base translates into lower operational risk. In practical terms, it means fewer disruptions, reduced latency and greater confidence in the scalability of digital operations over time.

Telecom strategy as economic strategy

In an economy shaped by digital finance, artificial intelligence and cross-border platforms, connectivity has become a determining factor for competitiveness. With this in mind, Mauritius Telecom has released its “Bridging Africa & Asia” strategy for 2026–2029, setting out a clear direction for the coming years.

While the document outlines a corporate roadmap, it also reflects a broader national ambition. Connectivity is presented as a strategic enabler for businesses, financial institutions and regional platforms, reinforcing Mauritius’s positioning as a neutral and trusted digital junction.

The strategy articulates a vision in which infrastructure, data, finance and innovation converge within a single ecosystem. At its centre lies the concept of an Africa–Asia digital corridor, built around resilient international connectivity, AI and compute infrastructure, digital financial platforms and innovation ecosystems designed to scale beyond Mauritius.

The objective is explicit. Mauritius does not intend to remain a simple transit point for data or capital. It seeks to host, process and support value creation from a trusted jurisdiction serving regional and cross-border activities.

Why Mauritius’ telecom strategy is a gamechanger

For investors and operators, this focus on connectivity has direct implications.

Reliable digital infrastructure supports continuity for financial services, fintech platforms and technology-driven operations. Governance frameworks and cybersecurity standards reinforce trust, particularly for regulated activities such as finance and climate-related investment. Sustained investment in data centres, AI infrastructure and cloud capabilities signals an economy preparing for the next phase of digital growth rather than responding reactively to change.

From Mauritius, companies can access African and Asian markets while operating from a jurisdiction that combines digital performance with legal and regulatory stability. This combination remains central to Mauritius’s appeal as an investment platform in a region undergoing rapid digital transformation.

Connectivity as a signal

Mauritius’s ambition to capture Africa–Asia investment flows in fintech, artificial intelligence and climate finance reflects a broader understanding that connectivity underpins competitiveness.

In a global economy where capital increasingly moves at the speed of data, this focus on digital infrastructure is emerging as one of Mauritius’s strongest investment signals.

If you are considering setting up your business in Mauritius, C&S Secretarial Services supports investors at every stage, from structuring and incorporation to ongoing regulatory and corporate services.

L’article Why connectivity is becoming central to Mauritius’ investment strategy est apparu en premier sur C&S Secretarial Services.

C&S Secretarial Services gives you an overview of what this means for investors and future investors and why this has been introduced.

What is considered “Known to the Commission”

Under the KTC framework, an applicant or relevant officer or beneficial owner may be deemed “known” where the FSC already holds sufficient regulatory, licensing and due diligence information.

In practical terms, this applies to entities or individuals that have held at least one valid financial services licence issued by the FSC for a minimum of three years, are in good standing with the Commission and have no adverse findings or red flags on record. The FSC must also already possess the relevant due diligence documentation relating to the applicant and its key persons.
The concept is designed to allow the FSC to rely on information it has already reviewed and validated, rather than requiring a full re-submission of unchanged documentation.

Why the FSC has introduced KTC

The introduction of KTC reflects a clear regulatory objective: improving processing efficiency without lowering compliance standards.

As Mauritius continues to position itself as a competitive International Financial Centre, the FSC is seeking to reduce duplication in regulatory reviews, shorten turnaround times and improve predictability for applicants with an established compliance history. KTC enables the regulator to distinguish between first-time applicants and entities or individuals with a proven regulatory track record.

This approach aligns with international regulatory best practices, where proportionality and risk-based supervision play an increasing role in licensing and oversight.

Who the KTC framework applies to

At this initial stage, the KTC concept applies to entities holding or applying for licences relating to:

• investment funds, and
• investment adviser activities, whether restricted or unrestricted, as well as to the relevant officers and beneficial owners of such entities.

The FSC has indicated that KTC will be applied where appropriate, and retains full discretion to request updated information or additional documentation where necessary. The framework does not remove regulatory scrutiny, but rather adapts it to the applicant’s risk profile and compliance history.

How KTC changes the application process

From an investor perspective, the practical impact of KTC lies in reduced repetition and greater efficiency.

Where an applicant qualifies as “known to the Commission”, previously submitted Personal Questionnaires may remain valid for up to two years, provided no material changes have occurred. Instead of resubmitting full documentation, applicants are required to provide a Letter of Confirmation or Undertaking, confirming continued compliance, the validity of due diligence documents and the absence of material changes.

This approach is intended to minimise unnecessary delays while preserving the FSC’s ability to request updated information where warranted.

How KTC fits into Mauritius’s broader IFC Strategy

The introduction of KTC should be viewed within the wider context of Mauritius’s strategy to strengthen its attractiveness as an investment jurisdiction.

Alongside regulatory modernisation, digitalisation initiatives and infrastructure investment, KTC reflects a shift towards a more streamlined, proportionate and investor-aware regulatory environment. The objective is to facilitate business continuity and growth for established operators while maintaining the integrity of the financial system.

For investors, KTC sends a clear signal that Mauritius is seeking to balance regulatory rigour with operational efficiency, reinforcing its position as a jurisdiction that values both compliance and competitiveness.
For investors considering Mauritius as a base for their financial services activities, regulatory efficiency and predictability remain key considerations. C&S Secretarial Services supports clients throughout the licensing and post-licensing lifecycle, including structuring, incorporation, regulatory applications and ongoing compliance, helping investors navigate evolving frameworks such as the “Known to the Commission” regime with clarity and confidence.

L’article Introduction of “Known to the Commission”: Mauritius streamlines regulatory processes est apparu en premier sur C&S Secretarial Services.

Mauritius has firmly established itself as a strategic financial hub for international investors, thanks to its stable legal framework and flexible corporate structures. Among the most prominent options are the Global Business Company (GBC) and the Authorised Company, both offering a secure, internationally compliant environment for local and cross-border operations.

C&S Secretarial Services outlines why these entities are essential tools for ensuring good governance, compliance and transparency and enabling businesses to optimise their international investments and transactions.

The importance of GBCs in Mauritius: Key figures and economic role

GBCs play a pivotal role in the Mauritian financial ecosystem. According to the IMF’s 2025 report, more than 13,000 GBCs were operational in Mauritius as of December 2023, a testament to their growing economic significance. These companies are integrated into the national accounts and balance of payments, contributing meaningfully to the country’s revenue and economic activity.

Main activities of GBCs

• Holding equity and managing financial assets
• Fund management and advisory services for international investors
• International trade and cross-border transactions
• Diversified financial services, including portfolio structuring and optimisation

The IMF has noted some discrepancies in estimates related to output and implied exports, prompting the Bank of Mauritius and Statistics Mauritius to align their data with technical assistance from the IMF. This process aims to ensure the reliability of macroeconomic indicators and strengthen the credibility of Mauritius as a financial centre.

Encart 1 – Key GBC statistics in Mauritius

• Over 13,000 GBCs were active in Mauritius as of December 2023
• Of the 13,564 GBC licences, approximately 30% are under foreign ownership
• GBCs mainly focus on equity holding, fund management, international trade, and consultancy services
• The IMF highlights their key role in the Mauritian economy and their growing integration into national accounts and the balance of payments

The GBC: A secure vehicle for international business

GBCs are licensed by the Financial Services Commission (FSC) and are designed for companies that conduct primarily international activities. They offer a flexible, compliant and transparent structure that aligns with both local and global legal requirements.

Governance and compliance

• Regular board meetings
• Detailed minutes for each strategic decision
• Accurate bookkeeping and financial reporting, aligned with FSC and international standards

These requirements ensure transparency and reliability, building trust among partners and foreign investors.

Strategic uses of the GBC

• International investments and asset management
• Holding international and local companies
• Global trade within a secure legal framework

Encart 2 – Governance and statistical harmonisation

• The Bank of Mauritius and Statistics Mauritius have improved the consistency of macroeconomic data related to GBCs
• Collaboration supported by the IMF through several missions (2021, 2024, and 2025)
• Goal: to align statistical treatment of GBC-related services with international standards
• Notable progress in the inclusion of GBCs in national accounts and the balance of payments, despite some ongoing discrepancies

The Authorised Company: A structure for foreign investors

The Authorised Company allows foreign investors to hold a majority stake while operating within Mauritius’ legal framework, ideal for securing international projects while retaining company control.

Governance and requirements

• Appointment of a company secretary for legal and administrative oversight
• General meetings and board meetings with full documentation
• Compliance with FSC and tax authority requirements

Strategic benefits

• Access to international investments and financial projects
• Asset and fund management
• Structuring of real estate or commercial projects requiring local authority approval

Governance in Mauritius: A pillar of investor security

Mauritius enforces strict standards to ensure sound corporate governance:

• Clear management structures with well-defined responsibilities
• Minutes of meetings and clear decision reports for all management committees
• Documented decisions and meetings across all governing bodies
• These requirements, combined with a stable legal framework, ensure investment security and alignment with both local and international obligations.

Additional services to maximise compliance and performance

Creating a GBC or Authorised Company goes beyond legal registration. The following additional services allow business leaders to focus on strategic growth:

• Corporate secretarial and administrative services: organising meetings, drafting minutes, monitoring legal obligations
• Registered office address provision
• Work and residence permits for foreign directors
• Tax and accounting services for compliance and optimisation
• Opening of local and international bank accounts

Why choose Mauritius for your GBC or Authorised Company

Mauritius offers a trusted and recognised legal framework, ideal for securing your operations and attracting international investors:

• Competitive tax regime and double taxation avoidance agreements
• Political and economic stability;
• Robust financial infrastructure: banks, specialised services, stock exchange
• Internationally favourable time zone and digital connectivity for global operations

Contact C&S Secretarial Services to create your Global Business Company (GBC) or Authorised Company in Mauritius. Our team provides end-to-end support, from legal registration to ongoing administrative management and regulatory compliance. We help you secure your operations so you can focus on growing your business in full transparency and alignment with international standards.

Source:

Statistiques économiques : le FMI salue les avancées, mais pointe des divergences – defimedia.info

​EBC Financial Group Enters South Africa, Advancing Strategic Expansion in Africa – ebc.com

L’article GBC and Authorised Company in Mauritius est apparu en premier sur C&S Secretarial Services.

The Republic of Mauritius has officially been selected to host the 18th U.S. – Africa Business Summit in 2026. This major event will bring together African heads of state, ministers, senior U.S. and African officials, and top business leaders. The announcement was formalised through the signing of a Memorandum of Agreement (MOA) during the United Nations General Assembly in New York, in the presence of Mauritian Minister of Foreign Affairs Dhananjay Ramful and Florizelle Liser, President and CEO of the Corporate Council on Africa (CCA).

The U.S. – Africa Business Summit serves as a strategic platform for public and private stakeholders to discuss investment opportunities, trade, and economic relations between the United States and Africa. It provides a unique space for forging high-impact agreements in key sectors such as energy, infrastructure, agribusiness, healthcare, information technology, and finance.

Why Mauritius is the ideal host

Located at the intersection of Africa and Asia in the Indian Ocean, Mauritius offers a combination of advantages that make it a natural host for a high-level international summit of this scale:

• Political stability and a robust legal system
• A progressive, investment-friendly economy driven by reform and innovation
• Strong governance and world-class infrastructure
• A dynamic financial and commercial ecosystem that facilitates regional and international trade

Mauritius’ unique combination of stability, innovation, and accessibility positions it as a premier destination for global events and a strategic gateway for cross-continental investment.

Key highlights

• Strategic location: Mauritius is a financial and commercial hub connecting Africa and Asia
• Official agreement: Signed during the UN General Assembly in New York between the Government of Mauritius and the CCA
• Priority sectors: Energy, infrastructure, agribusiness, healthcare, ICT, financial services, creative industries, and trade facilitation
• Opportunities: Networking with key decision-makers, exploring new opportunities, and signing major partnerships
• Expected impact: Tangible economic benefits for businesses, citizens, and workers across Africa and the U.S.

This milestone reinforces Mauritius’ role as a key international platform for investment and partnership development in Africa.

A catalyst for economic exchange

The 2026 Summit will provide participants with opportunities to:

• Explore new investment and trade opportunities
• Meet potential partners from both public and private sectors
• Seal strategic business deals with long-term value
• Discuss and promote effective policies to support U.S. – Africa trade and investment

Florizelle Liser, CEO of the CCA, stated: “This summit will provide an essential platform to strengthen U.S. – Africa economic ties and foster partnerships, increasing bilateral trade.”
Minister Dhananjay Ramful added: “Hosting this summit highlights Mauritius’ role as a hub for investment and partnerships across Africa.”

High-impact sectors

The summit will focus on key areas that drive economic growth and job creation:

• Energy and infrastructure
• Agribusiness and food security
• Healthcare and medical technology
• ICT and creative industries
• Financial services and trade facilitation

These sectors offer real opportunities for businesses and international investors, while also supporting the continent’s sustainable and inclusive development.

The role of the CCA

The CCA is a leading U.S.-based business association dedicated to strengthening economic ties between the United States and Africa. It brings together companies of all sizes, from SMEs to multinationals, and serves as a key conduit for public-private dialogue, investment promotion, and innovation-driven collaboration across the continent.

Opportunities for investors in Mauritius

Alongside the summit, Mauritius continues to strengthen its reputation as an attractive destination for international companies:

• Streamlined company setup for Global Business Companies (GBCs) and Authorised Companies
• A transparent, internationally respected legal and tax regime
• Modern financial infrastructure and high-quality corporate secretarial services

C&S Secretarial Services, a recognised leader in the sector, provides support to investors, from company incorporation and administrative setup to regulatory compliance. With a team of experienced professionals and an extensive network, the firm enables companies to thrive within the Mauritian business environment, offering a stable base for local and international operations.

With its combination of stability, innovation, and strategic connectivity, Mauritius is positioning itself as a leading business hub for Africa. The 2026 U.S. – Africa Business Summit will serve as both a showcase for the country and a powerful catalyst for investors seeking to leverage its dynamic, well-regulated economic environment.

Sources of this article:

Mauritius to Host 2026 U.S.-Africa Business Summit

Corporate Council on Africa Announces the Republic of Mauritius as Host of 2026 U.S.-Africa Business Summit

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A stronger global ranking and heightened international recognition

According to GFCI 38, published in September 2025, Mauritius now ranks 52nd worldwide with a score of 707, moving up six places from the previous edition (GFCI 37, where it ranked 58th with 694 points). It is classified as a Global Contender, signalling a dynamic financial centre that is still developing but gaining international visibility. This progress reflects improvements in infrastructure, regulatory quality, and overall competitiveness in a challenging global financial environment.

Mauritius also performs well in the FinTech category, ranking 56th with a score of 686. While the position has slipped slightly, the increase of 18 points shows a strengthening innovation ecosystem and continued appeal among startups and financial technology players.

A strong regulatory framework: The role of the FSC

The Financial Services Commission (FSC), established in 2001, oversees the entire non-banking financial services sector and global business activities. Its mandate includes:

• Promoting the development, efficiency, and transparency of financial institutions and capital markets
• Preventing fraudulent practices and protecting investors
• Safeguarding the stability and integrity of the Mauritian financial system

This regulatory stability helps position Mauritius as a credible, secure jurisdiction for establishing international business structures such as Global Business Companies (GBC), Authorised Companies (AC), regional holding entities, and investment funds.

Mauritius’ strategic advantages

Competitive tax regime and bilateral treaties

Mauritius offers an attractive corporate tax rate of 15%, with the possibility of further reductions through partial exemptions on eligible foreign-source income.

The island has also built an extensive network of double taxation treaties that facilitates smooth, tax-efficient cross-border financial flows. The absence of capital gains, donation, and inheritance taxes for certain structures further enhances its appeal.

Geographical positioning and market access

Ideally located in the Indian Ocean, Mauritius serves as a strategic bridge between Africa, Asia, and Europe. This makes it an ideal base for asset management, international trade, and regional headquarters. Investors can use the island as a launching point for African operations while benefiting from regulatory standards aligned with global best practices.

Local substance and international credibility

To fully benefit from the Mauritian system, companies are required to demonstrate real economic substance on the island, which may include maintaining offices, appointing local directors, and hiring local employees. This strengthens their credibility with banks, investors, and international partners, and supports activities such as fund administration, asset management, and fiduciary services.

Opportunities for investors and entrepreneurs

Mauritius appeals to a wide spectrum of economic actors, including:

• Pan-African investment funds
• Asset managers and fund administrators
• Regional holding structures
• Global trading companies
• FinTech startups and innovative businesses

The island offers a stable regulatory environment, modern infrastructure such as high-speed internet and strong cybersecurity systems, and a skilled talent pool. These factors make it easy for companies to set up operations and scale sustainably.

Spotlight on FinTech

Mauritius is actively nurturing its FinTech ecosystem, notably by enabling companies to test business models in a controlled regulatory environment before expanding into African markets. Although the FinTech ranking slipped from 53rd to 56th, the increase in score reflects a more competitive and mature innovation landscape.

Key factors behind Mauritius’ GFCI 38 ranking

The GFCI evaluates financial centres based on:

1. Economic indicators: GDP growth, inflation, public debt
2. Regulatory quality: predictability, flexibility, financial oversight
3. Infrastructure: digital connectivity, cybersecurity, transport, office spaces
4. Human capital: skilled professionals, visa accessibility
5. Reputation: stability, security, regulatory excellence
6. Connectivity and FinTech development
7. Regional competitiveness perceptions

Together, these factors explain Mauritius’ upward progression and its growing recognition as an emerging financial hub.

Conclusion: Why choose Mauritius?

Mauritius is a rising financial centre that offers a secure legal environment, attractive tax incentives, and strategic access to African and international markets. Its improved ranking in GFCI 38 reinforces its credibility, while its FinTech initiatives and stronger substance requirements enhance its appeal to global investors and entrepreneurs.

For companies looking to establish a GBC, an Authorised Company, or a regional headquarters, Mauritius provides:

• Strong and transparent regulation
• Significant tax advantages and a broad treaty network
• Modern infrastructure and skilled professionals
• Growth potential and global credibility

C&S Secretarial Services supports clients with the creation and management of companies in Mauritius, offering expertise in structuring, compliance, and tax optimisation to secure your investments and accelerate your global expansion.

L’article Mauritius: An emerging financial hub for global investors and entrepreneurs est apparu en premier sur C&S Secretarial Services.

Tax residency: A clear competitive advantage

The most important distinction between the two structures lies in their tax residency status. A GBC is recognised as a tax resident in Mauritius, which gives it access to the country’s wide network of double taxation treaties. This can significantly reduce or eliminate withholding taxes on cross-border transactions.

An AC, by contrast, does not qualify as a Mauritian tax resident. It therefore cannot benefit from tax treaties, often resulting in higher withholding taxes abroad. This limitation may also raise concerns among banking and commercial partners, who may view the structure as less transparent.

Significant differences in permitted activities

A GBC can engage in a wide variety of regulated financial activities, including asset management, fund administration, treasury operations, and international trade. It may work with both resident and non-resident clients.

During a workshop held by the Economic Development Board (EDB) in August 2025, the Mauritian government reaffirmed its intention to broaden the scope of activities available to GBCs, particularly through the Mauritius Freeport regime. Newly identified opportunities include precious metal minting and refining, secure vault services, e-commerce logistics hubs, and even the high-value art trade, an activity introduced in the 2025–2026 Budget enabling storage, exhibition, and auctions in world-class facilities.

An AC, however, is restricted to non-financial holding activities, consultancy, and international trade conducted exclusively outside Mauritius. It cannot access local banking services, fund administration, or fiduciary services. These restrictions greatly limit its versatility.

Taxation and accounting obligations

A GBC is taxed at 15%, with the possibility of an effective rate of 3% on qualifying foreign-source income if substance requirements are met. It is not subject to capital gains tax, inheritance tax, or withholding tax on dividends, interest, or royalties.

An AC is exempt from Mauritian income tax but cannot benefit from treaty-reduced withholding rates. It must prepare simplified financial statements, with no audit requirement. A GBC, on the other hand, must maintain audited accounts and comply with more robust regulatory standards, a key factor that enhances its credibility internationally.

Economic substance and strengthened credibility

A GBC must demonstrate real economic presence in Mauritius by appointing local directors, maintaining office premises, and employing staff. This greatly enhances its credibility with banks and investors. A GBC can also own or lease property, hold bank accounts in Mauritian rupees, and allow foreign shareholders or employees to apply for residence permits.

As the Minister of Finance emphasised during the EDB workshop, economic substance requirements form part of Mauritius’ broader strategy to position itself as a gateway to Africa. The goal is to attract substantial investments through GBCs capable of integrating into regional value chains and contributing to national development.

An AC, typically managed from abroad, cannot own property in Mauritius or open bank accounts in local currency. Its lack of physical presence makes it less suitable for large-scale or long-term projects.

Regulation and operational framework

A GBC is supervised by the Financial Services Commission and must adhere to strict governance and reporting obligations. Although its annual operating costs are higher than those of an AC, this regulatory rigor strengthens trust with international partners and simplifies banking relationships.

An AC remains more cost-effective and easier to manage, making it a suitable option for simple holding structures or small-scale commercial activities that do not require local substance.

Which structure is best for your project?

A GBC is particularly well suited for financial services companies with international ambitions, as well as for sophisticated wealth management or structured investment activities. Its access to tax treaties, ability to hold assets in Mauritius, and integration into a recognised financial ecosystem fully justify its higher level of regulation.

According to the EDB, promising growth areas for GBCs include sustainability, climate resilience, and the digital economy – sectors in which GBCs can innovate, adopt green technologies, and contribute to regional development.

An AC remains a practical option for straightforward offshore arrangements where local presence and treaty benefits are not fundamental.

In conclusion

For internationally focused financial businesses, the GBC remains Mauritius’ premier corporate structure. It offers regulatory strength, tax efficiency, and operational flexibility. Combined with new investment opportunities in the Freeport and growing government support for innovative sectors, the GBC provides a future-ready framework aligned with Africa’s expanding markets and global financial trends.

The AC, while more accessible, is limited in scope and does not offer the same potential for developing a credible international presence or engaging in high-impact economic activities.

For the creation or management of your GBC or Authorised Company, C&S Secretarial is here to guide you at every step of your project.

Sources of this article:

1. https://loitamauritius.com/global-business-licence-authorised-company/
2. https://global.acclime.com/guides/mauritius-global-business-licence-company/
3. https://tridenttrust.com/media/24dj1axm/tmau-ac-kf.pdf
4. https://www.tetraconsultants.com/blog/a-detailed-comparison-between-the-3-types-of-companies-in-mauritius/
5. https://nexusgfs.com/setting-up-a-global-business-corporation-in-mauritius-advantages-and-uses/
6. https://www.csecretarial.com/gbcs-authorised-company-et-domestic-company-understanding-business-structures-in-mauritius/
7. https://global.acclime.com/guides/mauritius-authorised-company/
8. https://www.businessconsult.mu/table-of-comparison-between-global-business-company-and-authorised-company/
9. https://intercontinentaltrust.com/products/global-business-companies
10. https://oramacorporate.com/benefits-of-a-global-business-company/
11. https://edbmauritius.org/newsroom/opportunities-in-mauritius-freeport-for-global-business-corporation-gbcs

L’article Why a GBC is the stronger choice than an Authorised Company in Mauritius est apparu en premier sur C&S Secretarial Services.

Establishing a Global Business Company (GBC) or an Authorised Company in Mauritius requires specialised expertise. To ensure efficiency, full regulatory compliance, and optimal tax benefits, it is essential to work with a licensed Management Company capable of handling all administrative and fiscal processes.

With C&S Secretarial Services, you receive comprehensive support, from incorporation to ongoing management, in full accordance with the requirements of the Financial Services Commission (FSC) and the Mauritius Revenue Authority (MRA).

What is a licensed service provider, and why is it essential?

A licensed service provider, or Management Company, is authorised by the Financial Services Commission (FSC) to represent a GBC or Authorised Company before Mauritian authorities.

This representation is mandatory and ensures that:

• All regulatory obligations are met with both the FSC and the MRA;
• The company is genuinely managed and controlled from Mauritius, in line with economic substance requirements;
• The incorporation process is streamlined, minimising risks of delay or rejection.

Without this licensed partner, it is not possible to obtain the FSC licence or the Tax Residence Certificate (TRC), both of which are required to access Mauritius’ tax advantages and double taxation treaties.

Services provided by C&S Secretarial Services, your licensed Management Company

To ensure the smooth operation of your GBC or Authorised Company, we provide a complete range of services, from company formation to annual compliance monitoring.

1. Preparation and filing of documents

Before any official submission, the licensed provider certifies and files all company documents, ensuring full legal compliance. Services include:

• Drafting and certifying the company’s constitution and memorandum;
• Collecting information from directors and shareholders;
• Filing documents with the FSC and following up on all formalities.

2. Liaison with the FSC and the MRA

To ensure effective communication with the authorities, the licensed agent acts as your official contact point:

• Submitting the application for a GBC or Authorised Company licence;
• Obtaining the TRC to confirm tax residency;
• Following up on files and clarifying any regulatory queries.

3. Ongoing management and reporting

Once the company is incorporated, the Management Company handles daily administration and annual reporting in accordance with Mauritian law:

• Maintaining accounts in Mauritius;
• Annual audit of financial statements;
• Organising board meetings and preparing minutes;
• Filing tax returns and managing exemptions.

A concrete workflow: incorporating a company in 48 hours

With an experienced local partner, setting up a GBC or Authorised Company can be quick and secure. The key steps include:

1. Preparing documents : constitution, shareholder and director details, identity certificates;
2. Submission to the FSC through a licensed provider;
3. Coordination to obtain the TRC from the MRA;
4. Final registration and organisation of the first board meetings.

This workflow illustrates how an official and competent agent can reduce delays while ensuring full compliance.

What are the advantages of working with a licensed provider?

Partnering with a licensed Management Company such as C&S Secretarial Services offers many benefits:

• Security and compliance: all legal and tax obligations are fully met;
• Time-saving: fast incorporation and simplified annual follow-up;
• Tax optimisation: TRC and economic substance conditions met for tax exemptions;
• International credibility: a globally recognised structure, inspiring trust among partners and investors.

Why choose C&S Secretarial Services?

C&S Secretarial Services assists investors with the creation and full management of GBCs and Authorised Companies in Mauritius:

• Fast incorporation within 48 hours through an experienced licensed provider;
• Comprehensive management of documents, TRC, audit, and reporting;
• Strict compliance with substance requirements;
• Personalised guidance at every step to secure your investment.

Contact C&S to set up your company

FAQ – Licensed service provider, GBC, and Authorised Company

What is a licensed provider in Mauritius?
It is a company authorised by the FSC to represent a GBC or Authorised Company before local authorities, ensuring compliance and administrative follow-up.

Why is it mandatory for creating a GBC or Authorised Company?
It is required to obtain the FSC licence, manage local substance obligations, and issue the TRC, necessary for accessing tax benefits.

What services does a licensed provider offer?
Document preparation and filing, liaison with the FSC and MRA, TRC application, bookkeeping, audit, board meeting organisation, and annual reporting.

How long does it take to incorporate a GBC or Authorised Company?
With an experienced provider like C&S, incorporation can be completed in just 48 hours, including certified documents and TRC issuance.

Why choose C&S Secretarial Services?
C&S ensures quick incorporation, full legal and tax compliance, and personalised support for every client.

Conclusion

Your licensed Management Company is the cornerstone of the creation and management of a GBC or Authorised Company in Mauritius, ensuring speed, compliance, and tax efficiency.

Choose C&S Secretarial Services for complete and tailored support, from company formation to annual management of your legal and tax obligations.

L’article Creation and management of GBC and Authorised Company in Mauritius est apparu en premier sur C&S Secretarial Services.

What is a Global Business Company (GBC)?

A Global Business Company (GBC) is a Mauritian-registered entity specifically designed to conduct international trade and investment activities. It enables investors to structure their global operations while benefiting from substantial tax advantages.

Since 1 January 2019, companies previously categorised as GBC1 have been reclassified as Global Business Licence (GBL) entities. This reform replaced the former Foreign Tax Credit (FTC) regime with a partial exemption system, granting up to 80% tax exemption on selected types of foreign income such as dividends, interest, profits from foreign permanent establishments, and income from specialised activities like reinsurance or international leasing.

To qualify for this exemption, companies must meet economic substance requirements in Mauritius, meaning that core activities, management, and control must actually be carried out on the island. This includes having resident directors, a local bank account, and financial statements prepared and maintained in Mauritius.

In short, a GBC combines tax efficiency, operational flexibility, and international compliance, making it an ideal vehicle for investors and entrepreneurs managing cross-border operations from Mauritius.

Which income qualifies for tax exemption in Mauritius?

GBCs may benefit from a partial exemption on:

• Foreign dividends not deductible in the source country;
• Interest income and profits attributable to a foreign permanent establishment;
• Income from investment funds, including CIS and closed-end funds managed by Financial Services Commission (FSC)-licensed entities;
• Income derived from reinsurance, ship or aircraft leasing, and related services;
• Income generated by companies licensed in artificial intelligence or payment services.

Investment and closed-end funds may also qualify for a 95% exemption on interest income. GBCs benefiting from the 80% exemption, however, are not eligible to claim a tax credit on this foreign income.

The Tax Residence Certificate (TRC) and Double Tax Treaties

To benefit from tax advantages and Double Tax Treaties (DTTs), a GBC must hold tax residency status in Mauritius and obtain a Tax Residence Certificate (TRC) from the Mauritius Revenue Authority (MRA). The TRC is typically issued within seven days of submitting all required documentation.

Mauritius has signed 44 double taxation treaties, providing international investors with protection against double taxation and enabling efficient tax planning for their global operations.

Management and substance requirements in Mauritius

A GBC must be managed and controlled from Mauritius to maintain tax residency and qualify for exemptions. The main criteria include:

• At least two resident directors capable of making independent decisions;
• At least two resident directors capable of making independent decisions;
• Accounting records and statutory documents kept locally;
• Financial statements prepared and audited in Mauritius;
• Board meetings held in Mauritius with the participation of at least two resident directors.

Certain functions may be outsourced to licensed service providers, provided that effective management remains in Mauritius and economic substance is not duplicated.

Tax and operational benefits of a GBC

GBCs can benefit from an 80% exemption on selected foreign income streams, maximising profitability while remaining fully compliant with local tax regulations.

Exemption on foreign income

Eligible income includes interest, dividends, profits from foreign permanent establishments, reinsurance, and leasing of international assets.

Access to Double Taxation Treaties

With a Tax Residence Certificate (TRC), a GBC can benefit from the Double Tax Treaties (DTTs) signed by Mauritius with 44 countries, reducing or eliminating double taxation and facilitating the structuring of international operations.

Operational flexibility

The GBC structure allows for the management of a wide range of activities:

• Fund management and international investments;
• Ship and aircraft leasing;
• Payment services and international financial operations;
• Activities related to artificial intelligence and technology.

This flexibility makes it an ideal choice for entrepreneurs seeking to combine favourable taxation with global business opportunities.

International recognition

GBCs are recognised for their compliance with international governance and reporting standards, strengthening their credibility with partners and financial institutions worldwide.

4 steps to set up a GBC in Mauritius

Establishing a Global Business Company in Mauritius may appear complex, but with the right guidance, the process is clear and straightforward. Here’s a typical workflow:

1. Prepare and certify the necessary documents, including the constitution and identification of shareholders and directors;
2. Submit the application through a licensed Management Company to ensure full compliance and communication with the FSC;
3. Obtain the TRC to access tax benefits and double taxation treaties;
4. Finalise official registration and maintain ongoing compliance — including accounting, auditing, and board meetings.

Why establish a GBC in Mauritius?

Mauritius provides a secure and business-friendly environment for international investors, offering:

• Tax optimisation through exemptions and DTTs;
• Operational flexibility to structure and expand international activities;
• Regulatory stability under the supervision of the FSC and MRA;
• Global credibility through adherence to international governance standards;
• Access to an extensive DTT network, protecting and facilitating cross-border investments.

Conclusion

Setting up a Global Business Company (GBC) in Mauritius requires expertise, efficiency, and precision to secure your investments and ensure full tax compliance.

For a seamless and reliable incorporation process, partner with C&S Secretarial Services. We manage every step, from fast company formation to administrative and tax management, as well as coordination with local authorities, so you can focus on growing your business.

Contact us today to establish your GBC in Mauritius.

Source:

Global Business Licence (GBL) companies – taxsummaries.pwc.com

L’article Global Business Company (GBC): A complete guide to investing in Mauritius est apparu en premier sur C&S Secretarial Services.