Fidelis Trust and Corporate Services Ltd

Mauritius GBC II Company

GENERAL INFORMATION

A company holding a Category 2 Global Business License is often used for trading and investment. GBC II companies are not resident for tax purposes and do not have access to Mauritius' tax treaty network. Beneficial ownership is not disclosed to the authorities.

Mauritius GBL 2 Company

General

Type of entity

GBC II

Type of law

Hybrid

Shelf company availability

Yes

Our time to establish a new company

4 days

Minimum government fees (excluding taxation)

US$235 to FSC US$65 to ROC

Corporate Taxation

Nil

Double taxation treaty access

No

Share Capital or Equivalent

Standard currency

US$/GBP/Euro

Permitted currencies

Any except Rs

Minimum paid up

1.00

Directors

Minimum number

1

Local required

No

Publicly accessible records

No

Location of meetings

Anywhere

Shareholders

Minimum number

1

Publicly accessible records

No

Location of meetings

Anywhere

Company Secretary

Required

Optional

Local or qualified

No

Accounts

Requirement to prepare

Yes

Audit requirements

No

Requirement to file accounts

Yes

Publicly accessible accounts

No

Other

Requirement to file annual return

No

Change in domicile permitted

Yes

Type of Company for International Trade and Investment

A Company holding a Category 2 Global Business License which is similar to a Seychelles/BVI International Business Company and is non-resident for tax purposes.

Procedure to Incorporate

Submission to the Registrar of Companies of the Constitution, consent by directors & shareholders and a Certificate from the Registered Agent confirming compliance with the requirements of  the law.

Restrictions on Trading

Companies holding a Category 2 Global Business License cannot trade within the Republic of Mauritius.

Language of Legislation and Corporate Documents

The legislation is in English; the documentation may be expressed in any language but must be accompanied by a certified English translation.

Shelf Companies Available

Yes.

Name Restrictions

Any name that is identical or similar to an existing company or any name that suggests the patronage of the President or the Government of Mauritius.

Language of Name

English or French.

Names Requiring Consent or a Licence

The following names or their derivatives: assurance, bank, building society, Chamber of Commerce, chartered, co-operative, government, imperial, insurance, municipal, royal, state or trust or any name which in the opinion of the Registrar suggests the patronage of the President or the Government of Mauritius.

Suffixes to Denote Limited Liability

Limited, Corporation, Incorporated, Public Limited Company, Société Anonyme, Société Anonyme à Responsabilité Limitée, Sociedad Anónima, Berhad, Proprietary, Naamloze Vennootschap, Besloten Vennootschap, Aktiengesellschaft or the relevant abbreviations.

Disclosure of Beneficial Ownership to Authorities

No.

Stated Share Capital

There is no limit to the number or value of shares that can be issued.

Classes of Shares Permitted

Registered shares, preference shares, redeemable shares and shares with or without voting rights.

Taxation

A Company holding a Category 2 Global Business License does not pay any tax on its world-wide profits to the Republic of Mauritius.

Financial Statement Requirements

Companies holding a Category 2 Global Business License are required to maintain financial statements to reflect their financial position with the Registered Agent but are not required to file accounts with the authorities.

Directors

Minimum one, who may be natural person or a body corporate.

Shareholders

The minimum number of shareholders is one.

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