Category Two Global Business Company

The Category Two Global Business Company (“GBC 2”) is a tax exempt, low cost vehicle but does not benefit from the DTAs that Mauritius has entered into with other countries. 

The key characteristics of a GBC 2 are:

• should have a registered office and agent in Mauritius, and its register of members, directors and secretary must be filed;
• an outline of the business objective and identity of the promoter, beneficial owner and ultimate beneficial owner must be provided to the FSC;
• corporate director is permitted;
• bearer shares are not allowed;
• board meetings may be held in or outside Mauritius;
• an annual unaudited financial summary must be filed with the FSC within six months of the balance sheet date;
• a foreign company may be redomiciled in Mauritius as a GBC 2 if the foreign law so permits and thereafter continue as a Mauritian global business company.