Mauritius-GBC-2 as an Offshore Company Tax Haven
Mauritius is an English speaking country in the Indian Ocean. It is a former British colony which became independent in 1968 and joined the Commonwealth. It is a parliamentary democracy in the British style.
It established a modern presence as an Offshore Financial Center, with the passing of the Companies Act in 2001. This introduced a new form of Offshore Company aimed at non tax resident companies - Global Business Category 2 (GBC2). This section deals with the GBC 2 Company. Unlike the GBC 1 Company, a GBC 2 is non tax resident in Mauritius. It therefore does not have access to the many Double Taxation Treaties which Mauritius has signed with other countries.
Mauritius (Global Business Licence GBC 2) Offshore Companies and their Tax Liability
A GBC2 is treated as non-resident, cannot get the benefit of Mauritius' double tax treaties, and cannot operate in the Free Port. Mauritian citizens are not permitted to own shares in a GBC2. There are a number of other restrictions on GBC2s.They may not raise capital by public subscription, carry on banking or insurance business, own real property in Mauritius, own or manage a collective investment fund, provide nominee services, or provide trustee services to more than three trusts.
Mauritius (Global Business Licence GBC 2) Offshore Company Banking
Offshore Trade Services can incorporate Mauritius (Global Business Licence GBC 2) offshore companies with a choice of offshore bank accounts at the time of company formation. We work closely with a number of offshore banks, including HSBC and FBME Bank in Cyprus. Combining the two saves time and couldn't be simpler.
Mauritius (Global Business Licence GBC 2) Offshore Company Formation / Registration
Offshore Trade Services are able to incorporate a Mauritius (Global Business Licence GBC 2) offshore company. Company formation normally takes between 3 to 4 days to register a new company.
Mauritius (Global Business Licence GBC 2) Offshore Company Anonymity and Disclosure
Mauritius (Global Business Licence GBC 2) companies are required to disclose the names of directors and beneficial owners to the registration authorities, but this information is not available to the public. For complete anonymity, many of our clients request the use of nominee directors and shareholders. Whilst there is a requirement to prepare and file annual accounts, these are not publicly accessible.
Mauritius (Global Business Licence GBC 2) Offshore Company Shares
There is no minimum capital requirement although at least one share must be issued and paid up. Registered shares and a variety of shares such as preferred, redeemable, and fractional are allowed. Shares may be issued with or without par value. Redeemable preference shares may be issued. Only one shareholder and one director are required.
Our Services - Offshore Company Formation, Nominee Director, Nominee Shareholder, Mail forwarding and Bank Accounts
Offshore Trade Services specialize in Mauritius (Global Business Licence GBC 2) company formations ranging from simple company registrations to complex structures including offshore Trusts and in providing a very comprehensive assortment of administrative services to Mauritius (Global Business Licence GBC 2) companies, including the provision of Nominee Director, Nominee Shareholder, Mail Forwarding and Bank Account services. We are also able to offer a 'transfer in' service whereby we can take over the management of your existing Mauritius (Global Business Licence GBC 2) Offshore Company, often for no cost at all.
Please read also about our Due Diligence Requirements.