What We Offer
We have the requisite knowledge and skills for the setting up of global funds, commonly referred to as investment companies in Mauritius. Such type of vehicles is licensed under a GBC1 and is regulated by the Mauritius Financial Services Commission. The purpose of the investment company is mainly to invest in securities.
There are two types of investment companies, namely:
We have a very professional and dedicated team to deliver within a reasonable time-frame at an affordable cost. Our services include:
A GBC1 is incorporated in accordance with the Companies Act 2001, holding a Category 1 Global Business Licence issued by the Mauritius Financial Services Commission. Such type of companies is tax resident in Mauritius (unlike GBC2), thus benefit from the double taxation avoidance treaty network. Although the corporate tax in Mauritius is 15%, a GBC1 is allowed to a tax credit equivalent to the higher of the actual foreign tax suffered (underlying tax) or 80% of the Mauritius tax on its foreign source income. With an applicable tax rate of 15%, combined with a foreign tax credit of 12% (80% x 15%) the effective tax rate for the GBC1 will be a maximum of 3%. There are no capital gains taxes, nor exchange control
Following the enactment of the Finance Act 2010, a GBL1 Company is allowed to,
The above is subject to the approval of the Authorities in Mauritius.
A GBC2 is incorporated in accordance with the Companies Act 2001, holding a Category 2 Global Business Licence issued by the Mauritius Financial Services Commission. Such type of companies is not resident for tax purposes in Mauritius and is intended to carry on business outside Mauritius and may not carry on business in Mauritius.
This type of vehicle is very often used for investment and trading purposes.