Non-residents wishing to set up a corporate structure in Mauritius can do so by incorporating a Category 2 Global Business Company (GBC2) which is governed by The Mauritius Companies Act 2001 and the Financial Services Act 2007. Such companies may engage in any lawful business in any country except Mauritius and may carry on transactions in any currencies except the Mauritian Rupee.

Category 2 Global Business Company

BUSINESS TRANSACTIONS

• A GBC2 provides for greater flexibility and is a suitable vehicle for holding and managing private assets.
• Such a company enjoys a flexible legal regime and is required by law to have only its registered office and a registered agent in Mauritius. It is exempt from certain statutory requirements such as filing of audited accounts, appointment of resident directors and a company secretary.
• It is a tax exempt company and therefore has no access the network of Double Taxation Agreements of Mauritius. It cannot carry out the business of company formation, administration and management or provide professional nominee or trusteeship services. It is furthermore prevented from raising capital from the public and to offer or provide financial or other services as fiduciary in any investment fund or any collective investment scheme.

SHARES

• There is no minimum capital requirement but at least one share must be issued and paid up.
• An unlimited number of shares is acceptable
• Registered shares, preference shares, redeemable shares and shares with or without voting rights.
• Par value shares if any may be stated in more than one currency.
• Fractional shares are allowed.
• Minimum of 1 (One) shareholder and same rule applies if the company is a wholly owned subsidiary.

TAXATION

• Tax exempt.

DIRECTORS / OFFICERS (SECRETARY) AND SHAREHOLDERS

• Minimum of one Director who may be a natural person or body corporate.
  
• Must at all times have a registered office in Mauritius, where its statutory records must be kept
  
• The acceptance and resignation of directors is mandatory.
  
• Shareholders may be individuals or corporate entities.
  
• Shares may be subscribed by nominees. Disclosure of beneficial owners has to be made to the Financial Services Commission.
  
  

INCORPORATION AND ADMINISTRATION

• Excellent availability of company names for incorporation.
• The words "Limited", "Corporation", "Incorporated", "Société Anonyme", or the abbreviations "Ltd.", "Inc." or "S.A.”, may be used in a company's name.
• Simple ongoing administration.
• Incorporation procedure takes 3 days.

ANNUAL FILING

• Required to maintain financial statements to reflect their financial position and which have to be filed with the Financial Services Commission.
  
• Filing is required of appointment of directors and secretary and change in shareholders. There is no duty payable on filing.