• Mauritius GBC2 Company


    Legal Framework

    The Mauritius GBC2 is set up under the Companies Act 2001 and licensed under the Financial Services Act 2007.

    Special Characteristics

    A Mauritius GBC2 is prohibited from having transactions with Mauritian residents or in Mauritian currency; and

    A Mauritius GBC2 is not considered as a Mauritius tax resident company (and therefore does not have access to the double tax treaties of Mauritius).


    Liability of Shareholders

    The liability of the shareholders of a Mauritius GBC2 is limited up to the unpaid amount of the shares they hold.

    Minimum Number of Shareholders

    The minimum number of shareholders of a Mauritius GBC2 is 1 and the maximum is 25.

    Restriction on Nationality/Residency of Shareholders

    The shareholders should not be residents of Mauritius.

    Corporate Shareholders

    The shareholders of a Mauritius GBC2 can be individuals and/or legal persons.

    Nominee Shareholders

    The use of nominee shareholders is allowed.


    Minimum Number of Directors

    The minimum number of directors of a Mauritius GBC2 is 1.

    Restriction on Nationality/Residency of Directors

    There is no restriction on the nationality or residency of the directors.

    Corporate Directors

    Corporate directors are allowed.


    Shareholder Meetings

    Every company in Mauritius should hold an annual meeting of its shareholders.

    The first annual shareholder meeting should be held not later than 18 months from incorporation.

    Annual shareholder meetings should be held not later than 6 months after the balance sheet date of the company and not later than 15 months after the previous annual meeting.

    Annual meetings can be held anywhere in the world.


    Minimum Capital Requirement

    The minimum capital requirement for a Mauritius GBC2 is US$1.

    Currency of Capital

    The share capital can be denominated in any currency, except MURs.

    Non-par Value and Bearer Shares

    Non-par value shares are allowed.

    Bearer shares are not allowed.

    Capital Duty

    There is no capital duty on the issuance of shares of a Mauritius GBC2.


    Registered Office

    A Mauritius GBC2 should have its registered office in Mauritius.

    Company Secretary / Registered Agent

    Every Mauritius GBC2 should have a Resident Agent in Mauritius and needs to be licensed.

    A Mauritius GBC2 is not required to have a secretary.


    Restrictions on Foreign Investors

    There are no restrictions on foreign investors investing in a Mauritius GBC2.


    Time Needed for Incorporation

    It usually takes between 2 -5 working days to register a Mauritius GBC2.

    Shelf companies are not available due to beneficial ownership disclosure.


    Beneficial Owners

    The details of the beneficial owner are disclosed to the service provider and to the Authorities but are not available on public record.

    Registered Shareholders

    The details of registered shareholders are not available on public record.


    The details of directors are not available on public record.

    Financial Statements

    The accounts are not publicly accessible.


    Filing with the Registrar of Companies

    A Mauritius GBC2 is required to file an annual return with a summary of its financial position within 6 months from the year end.

    Filing with the Tax Authorities

    There is no requirement for a Mauritius GBC2 to file a tax return.


    Accounting Records

    A Mauritius GBC2 should maintain accounting records.

    These can be kept outside Mauritius and in any currency.

    Financial Statements

    A Mauritius GBC2 should prepare annual financial statements under IFRS.

    In accordance with IFRS, holding companies are required to prepare consolidated audited financial statements on an annual basis. However, consolidation is not required if the company is an intermediary holding company and a holding company further up the structure prepares consolidated financial statements under approved accounting standards.


    Audit Requirement

    A Mauritius GBC2 is not subject to audit requirements.