Mauritius Offshore Incorporation GBC2

Global Business Company Category 2 (GBC 2)

Mauritius GBC2s are companies incorporated under the Companies Act 2001 with a category 2 Global Business License .A GBC2 is a private entity that conducts business outside Mauritius and may not carry on business in Mauritius (subject to a number of statutory exceptions). A GBC2 may be locally incorporated or registered as a branch of a foreign company. GBC2s are regulated by both Mauritius Companies Act 2001 and the Financial Services Act 2001.

Confidentiality is strictly observed in terms of the FSD Act. The identity of the beneficial owner needs to be disclosed only to the registered agent and to the banker if a bank account is required in Mauritius. The documents with the registrar of companies are accessible only to the shareholders of the company. Therefore the identity of the beneficial owner can largely remain confidential. A GBC2 is highly suitable vehicle for holding and managing private assets.

Features of GBC2

  • Minimum capital requirement is USD 1
  • Fractional shares are allowed while Bearer shares are not allowed
  • Shares may be subscribed by nominees
  • Minimum one Shareholder and the shareholder may be an individual or corporate
  • A GBC2 may acquire, redeem, reissue or purchase its own shares
  • Minimum one director who may be individual or corporate
  • Appointment of Company Secretary is optional

Merits of GBC2

  • Tax exempted therefore the tax cost of a GBC2 is basically the foreign tax suffered
  • No withholding tax on dividends
  • No capital gains tax
  • No stamp duty on transfer of shares
  • There is no requirement for Local Resident Director or Shareholder
  • Free repatriation of earnings
  • Migration of a foreign company to/from Mauritius is permitted
  • Not required to file accounts with the authorities
  • Shareholders and Directors meeting can be held anywhere
  • Nominee shareholder and guaranteed confidentiality facilitates complete privacy

Limitations

  • GBC2 companies do not have access to the network of Double Taxation Agreements of Mauritius.
  • It is not permitted to raise capital from the public
  • It cannot provide financial services or other services as fiduciary in any investment fund or any collective investment scheme.
  • It cannot carry out business of company formation, administration and management or provide professional nominee or trusteeship services.

Related Pages

Overview
Population: 1.2 million
Currency: Mauritian Rupee (Rs.)
Language: English and French
Time zone: GMT plus 4
Centre’s expertise: All round centre with no distinction between onshore and offshore; many tax treaties

General requirements
Types of entities

Global business licence 1 (GBC1)

Global business licence 2 (GBC2)
Type of law Companies Act 2001 Companies Act 2001
Shelf company available No Yes
Time to establish a new company 14 days 3 days
Taxation 3% effective tax rate Exempt
Double taxation agreements Yes None
Forex restrictions

 None None
Language & name restrictions on companies No (provided English translation confirmed by an approved translator)

Share capital
Permitted currencies All major currencies All major currencies
Minimum paid up 1 Share 1 Share
Usual authorised capital Stated Capital concept – No Authorised Share Capital

Directors and personnel
Minimum number 2 1
Local required Yes No
Company secretary & qualifications Yes No

Shareholders
Minimum number 1
Publicly accessible records No

AGM
Minimum number 1 1
Disclosure requirements Yes Yes
Publicly accessible records No No
Obligations for annual meetings Yes Yes
Location of AGM No restriction No restriction

Accounts
Requirement to prepare Yes No
Audit requirements Yes No
Account filing obligations Yes No
Publicly accessible accounts No No

Other
Requirements to file annual return No No
Change in domicile permitted Yes Yes
Need to registered office Yes Yes
Number of companies set up 431 (2004) 1,728 (2004)
Total number of companies on register 7,791 18,340

This package is suitable for any individual or corporate entity who wishes to setup an tax free offshore International Business Corporation (IBC) in Mauritius (GBC2).

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Offshore Company Incorporation – Mauritius GBC2

Price (US$)

Offshore Company Registration

The incorporation and 1st year fees include everything you need to legally operate and manage your offshore company:

  • Our incorporation fees
  • Government fees
  • Registered Office address in the jurisdiction and Agent Fees
  • All corporate documentation
 US$1,800

Free

FREE Web Domain, Web/Email Hosting

  • In appreciation of your valued support, we’re offering this web package worth $300.00 absolutely free for 1 year.
  • Free Registration of “yourcompany.com” domain name.
  • Up to 500 Megabytes of Web Space
  • Unlimited POP3 E-mail accounts / E-Mail Aliases / Forwarding
  • Web-Based E-Mail
  • Easy-to-Use Online Control Panel Cpanel, Plesk
  • 24/7 email support to all customers. Telephone support during office hours.
  • Profession website design and development is available at attractive rates.
 Free

FREE Online Brokerage Trading Account

  • Establish a brokerage account with Saxo Capital Markets in Singapore. http://sg.saxomarkets.com/
  • With Saxo, you can trade over 160 currency pairs in the OTC FOREX market, and over 13,000 stocks from 24 major exchanges around the world including US, Canada (and TSX-V), London, and Singapore. Saxo also trades in several international futures exchanges as well.
  • Only available to NON-AMERICAN account beneficiaries.
 Free

Optional

Opening Corporate Bank Account

  • Inclusive of Letter of Incumbency as required by banks.
  • Assistance to open with a corporate bank account with a local or international bank based in Singapore such as: HSBC, DBS, CITIBANK (Choose ONE).
  • Please note that the some banks do charge for opening offshore account. These charges can be waived if your account has a balance above US$50K.
 US$500

Correspondence Address for 1 year

  • All Singapore Companies require a local registered address for official communication.
  • Rikvin can provide a prestigious address if you don’t have one.
  • If this option is terminated prematurely, any unused amount is refunded on a pro-rated basis.
 US$500

Choose ONE of the following (if required):

Virtual Phone/Fax for 1 year (Business Package)

  • Dedicated Phone Line
    A dedicated local telephone number will be assigned to you. A voice-automated answering service will attend to your calls using your business name. If you prefer, the incoming call may also be automatically diverted to another telephone number your provide. Local and overseas call-tariff and divert charges may be applicable.
  • Dedicated Fax Line
    We’ll assign a dedicated fax number to you. Incoming faxes will be forwarded to your email address so that you can instantly access and view the faxes anywhere in the world.
  • If this option is terminated prematurely, any unused amount is refunded on a pro-rated basis.
 US$1,500

Virtual Phone/Fax for 1 year (Premium Package)

  • Premium Package has all the services of our Business Package except that it provides Personalized Answering handled by a real person.
  • If this option is terminated prematurely, any unused amount is refunded on a pro-rated basis.
 US$3,000

Total

All prices are exclusive of the 7% Goods and Services Tax (GST).

NOTES

  • The recurring fees for the 2nd and subsequent years are US$1,000 per year.
  • SAXO Accounts are NOT PERMITTED for American account beneficiaries.

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