Company Registration

Complete Guide For GBC Formation in Mauritius

Complete Guide For GBC Formation in Mauritius

Do you want to register GBC in Mauritius? At Enterslice, we have more than a decade of experience in assisting businesses in GBC formation in Mauritius. We assist businesses with GBC incorporation, licensing, banking, tax registration, and ongoing compliance in Mauritius.

A GBC is a type of company regulated by the Companies Act 2001 and licensed by the Mauritius Financial Services Commission. It is a company that is considered resident and operates in the territory of Mauritius. While this company has the right to engage in any type of business activity except for those that require obtaining a special permit, like banking, insurance and reinsurance, management of funds, collective investment schemes, trust management, guardianship, provision of investment advice, etc. 

Moreover, Mauritius is Africa’s leading International Financial Centre (IFC), a trusted destination for businesses across the globe, including investment holding, fund management, fintech, and regional headquarters. Connect with our team to get access to 46+ Double Taxation Avoidance Agreements (DTAAs) in Mauritius and so on. Some of the key features of a Mauritius GBC are as follows: 

  • Mauritius tax-resident FSC-licensed company. 
  • 15% corporate tax; effective rate may reduce to 3%, subject to conditions
  • Access to 46+ global DTAAs. 
  • 100% foreign ownership permitted. 
  • Minimum 1 shareholder required. 
  • Minimum 2 resident directors required. 
  • An FSC-licensed Management Company is mandatory. 
  • Mauritius registered office required. 
  • A Mauritius corporate bank account is mandatory. 
  • Annual audit and financial filing required. 
  • Economic substance compliance is required. 
  • No exchange controls or dividend withholding. 

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What are the Benefits of Global Business Company Registration in Mauritius? 

The list of benefits of Global Business Company registration in Mauritius is as follows: 

Strategic Global Presence  

Its jurisdiction is globally recognized, thus allowing businesses to expand into international markets with ease. It is one of the key benefits of global business company registration in Mauritius.

Tax Efficiency Redefined 

It offers a competitive tax regime along with an extensive DTAA network, zero capital gains tax and no withholding tax on dividends, interest or royalties. It is one of the advantages of GBC formation in Mauritius.

Ease of Setup 

It facilitates a simple and streamlined company incorporation process with minimal bureaucratic hurdles.

Confidentiality Assured 

GBC formation in Mauritius offers strong privacy laws and regulations, which protect your sensitive business information.

Access to Global Talent 

It is also equipped with a highly educated population along with a bilingual workforce (English & French) with a literacy rate of around 93%.

Flexible Regulatory Environment 

It also has a business-friendly environment supporting business agility and growth. It is one of the advantages of global business company registration in Mauritius.

Repatriation of Profits and Capital 

Businesses can also freely transfer profits, capital and returns without any exchange control restrictions.

Enhanced Credibility 

GBC formation in Mauritius also increases the business’s credibility by boosting its brand image through operating from a respected international business jurisdiction. 

Access to Global Markets 

You can also gain preferential access to major markets across Africa, Asia and beyond. It is one of the significant advantages of global business company registration in Mauritius.

World Class Banking 

You can also gain access to various internationally recognized banks and advanced financial infrastructure. It is one of the advantages of GBC formation in Mauritius.

Support for Global Expansion 

Businesses can also use the Mauritius treaty network as a gateway to worldwide business growth. 

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What are the Documents Required for Mauritius GBC Company Formation? 

The list of documents required for Mauritius GBC Company Formation is as follows: 

  • Passport copy and residential address proof (not older than 3 months)
  • Bank/professional reference letter and source of wealth declaration
  • CV, Tax Identification Number, and FATCA/CRS declaration
  • Power of Attorney (if applicable)
  • Certificate of Incorporation and Articles of Association
  • Latest financial statements and board resolution
  • Company register extract and UBO declaration
  • Director passport, address proof, and police clearance certificate
  • Director CV, specimen signature, and Fit-and-Proper declaration
  • Proposed company names (2–3 options)
  • Constitution and GBC license application documents
  • Business plan with financial projections and CIGA details
  • Fund source statement, governance structure, and AML/CFT policy
  • Mauritius bank account confirmation and office agreement
  • Auditor appointment letter and substance plan
  • FATCA/CRS registration and Tax Residency Certificate application

How to Register GBC in Mauritius? 

The step-by-step process to register GBC in Mauritius is showcased below-

Step 1: Consultation & Business Structuring 

This is the initial stage where our experts will conduct a detailed consultation to understand your business objectives and goals. Therefore, based on your requirements, we will accordingly recommend the most suitable Global Business Company Structure. 

Step 2: Name Reservation & KYC Verification 

Secondly, you will have to choose a unique business name as per the concerned laws and regulations and submit the same for reservation before the concerned authorities. Simultaneously, both KYC and due diligence are to be completed for shareholders, directors and beneficial owners to ensure regulatory compliance.

Step 3: Preparation of Documents 

Thirdly, you will have to gather all the necessary documents and draft the company’s constitution, business plan, financial projections, governance documents and regulatory application forms. Ensure that all the documentation for GBC formation in Mauritius is prepared in line with Mauritius legal and compliance requirements.

Step 4: Filing Application with the FSC 

You have to carefully fill in the relevant information and details in the application form, and along with documents, submit it to the Financial Services Commission (FSC) through the prescribed process.

Step 5: FSC Review & Clarification Process 

After receiving the said application for GBC formation in Mauritius, the FSC will carefully examine the application, and if required, additional information may be requested. At Enterslice, we handle all such communications, including responding to regulatory queries, and ensure prompt submission of additional documents. 

Step 6: Company Incorporation & License Approval 

Once the application is approved, the company is officially registered with the Registrar of Companies. Accordingly, you will receive your Certificate of incorporation, Business Registration Number (BRN), and Global Business Company license. 

Step 7: Corporate Bank Account Opening 

Followed by opening a Mauritius corporate bank account with leading banking institutions. Our team coordinates document submission and supports enhanced KYC and AML requirements for account approval. 

Step 8: Tax Registration & Tax Residency Certificate 

For tax purposes, you will have to register your company with the Mauritius Revenue Authority (MRA). Also, you need to obtain a Tax Residency Certificate (TRC) to enable the company to access applicable treaty benefits. 

Step 9: Substance Implementation & Sector Licenses 

Economic substance requirements are implemented through operational planning, governance arrangements, and local presence support. Where applicable, we also assist in obtaining additional sector-specific licenses. 

Step 10: Ongoing Compliance & Post-Incorporation Support 

After GBC formation in Mauritius, Enterslice provides continuous support for bookkeeping, audits, and annual compliance. 

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What is the Timeline for GBC Formation in Mauritius? 

The timeline for GBC Formation in Mauritius is as follows: 

Initial Consultation & Structuring: 1 Week 

Understand business model, investor structure, jurisdiction fit, and regulatory roadmap with Enterslice experts.

Name Reservation & Preliminary Planning: 3–5 Business Days 

Reserve the company name and finalize basic structuring requirements.

KYC Onboarding & Document Collection: 1–3 Weeks 

Submission of passports, address proof, corporate documents, and completion of compliance checks for all stakeholders. 

Notarization & Apostille (Foreign Founders): 1–3 Weeks 

Legal attestation of documents depends on the country of origin.

Drafting of Constitution, Business Plan & Compliance Pack: 1–2 Weeks 

Preparation of the company constitution, CIGA justification, and AML/CFT framework.

FSC Application Filing: 1–3 Business Days 

Submission of the Global Business Company application to the Financial Services Commission.

FSC Review, Queries & In-Principle Approval: 3–6 Weeks 

Regulatory review, clarifications, and approval from FSC.

Incorporation with Registrar of Companies: 3–5 Business Days 

Formal incorporation of the company in Mauritius.

GBC License Issuance (Section 72): 1–2 Weeks 

Final issuance of the Global Business Company license post-incorporation.

Bank Account Opening & Tax Registration: 3–8 Weeks (Parallel Process) 

Corporate bank account setup, MRA registration, and Tax Residence Certificate application. 

End-to-End Timeline (Standard GBC): 8–12 Weeks 

Typical overall duration without additional sectoral licenses.

With Sector-Specific License (e.g., Fund Management): 14–24 Weeks 

Extended timeline due to additional regulatory approvals.

Taxation System for Global Business License in Mauritius 

The taxation system for the Global Business License in Mauritius is as follows: 

  • Corporate Income Tax: 15% on chargeable income
  • Partial Exemption: 80% exemption on qualifying foreign-source income (dividends, interest, royalties, subject to conditions)
  • Effective Tax Rate: ~3% (tax applied on 20% of eligible income)
  • Capital Gains Tax: Nil in Mauritius
  • Dividend Withholding Tax: Nil on distributions by GBC
  • Interest Withholding Tax: Nil for payments to non-residents
  • Royalty Withholding Tax: Generally Nil (subject to conditions/DTAA support)
  • VAT: 15% (usually not applicable to offshore GBC activities)
  • Exchange Control: No restrictions; free repatriation of funds
  • CSR Levy: 2% of book profit (mainly for Mauritius-source income; often not applicable to GBC structures) 

Prominent Industries to Open Company in Mauritius GBC 

The list of prominent industries to Open Company in Mauritius GBC is as follows: 

  • Global Business & Financial Services: Leading African IFC for funds, PE, insurance & treasury structures
  • Investment Funds & Asset Management: 1,000+ CIS/AIFs, hub for Africa–India–Asia capital flows
  • Banking & Wealth Management: Strong presence of global banks; rising UHNI wealth hub
  • Fintech & Digital Assets: Regulated under VAITOS Act; sandbox-driven innovation ecosystem
  • ICT/BPO: ~7–8% of GDP; francophone outsourcing hub expanding in English markets
  • Tourism & Real Estate: ~1.4M+ tourists pre-pandemic; smart cities and premium property schemes
  • Blue Economy: Large EEZ (~2.3M km²); focus on marine biotech, ports, fisheries
  • Renewable Energy: Targeting 60% clean energy by 2030 (solar, wind, biomass, green hydrogen)
  • Pharma & Medical Tourism: Growing generics manufacturing and regional healthcare services
  • Education Hub: International university campuses positioning Mauritius as an Indian Ocean knowledge centre

Why Trust Enterslice for the GBC Registration Process in Mauritius? 

Enterslice is one of the leading business consulting and compliance management companies. From company registration in Mauritius to compliance management, we handle everything for business enthusiasts like you. You may choose Enterslice for the GBC Registration Process in Mauritius because of the following reasons: 

  • More than 627 GBCs formed in Mauritius through our expert-led support 
  • End-to-end GBC formation in Mauritius with licensed local partners and cross-border tax experts.
  • Fast setup timeline of 8–12 weeks with high execution efficiency (99.7% filing accuracy).
  • Complete support: incorporation, FSC approvals, banking, tax registration, and compliance.
  • Substance-first structuring aligned with BEPS, GAAR, and global tax regulations.
  • Strong Mauritius banking network for smoother account opening.
  • Expertise in funds, fintech, insurance, family offices, and cross-border structuring.
  • Transparent fixed-fee pricing with no hidden costs.
  • Multilingual advisory team supporting global clients across major languages.
  • Full ongoing compliance: audits, FATCA/CRS, MRA filings, and TRC support.
  • Trusted by multinationals, funds, and investors using Mauritius as a global hub.
  • Dedicated relationship manager for single-point, 24/7 coordination. 
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FAQs Releated To GBC Formation in Mauritius

  1. What is GBC in Mauritius? 

    A GBC stands for a Global Business Company; it is a type of tax resident company in Mauritius licensed and authorised by the FSC that can access over 46 tax treaties and benefit from an effective tax rate of around 3% under the partial exemption regime.

  2. What is the difference between a GBC and an Authorized Company (AC)? 

    The major difference between GBC and an Authorized Company (AC) is that the former is a tax resident in Mauritius and can access tax treaties, while the latter is a non-tax resident company who cannot use treaty benefits and is taxed in the jurisdiction of its management and control.  

  3. What is the corporate tax rate for a Mauritius GBC? 

    The corporate tax rate for a Mauritius GBC is 15%; however, after 80% partial exemption on qualifying foreign source income, the effective tax rate can be reduced to about 3%.  

  4. How long does the GBC registration process in Mauritius take? 

    Typically, the time taken for the GBC Registration Process in Mauritius is 8 to 12 weeks, while applications requiring additional FSC licensing may take up to 14 to 24 weeks.

  5. Can a foreigner register a GBC in Mauritius? 

    Yes, foreigners can register a GBC in Mauritius provided it appoints at least two Mauritius resident directors through a licensed management company.  

  6. What are the substance requirements for a Global Business License in Mauritius? 

    It is a must for the Global Business Company in Mauritius to conduct its core income-generating activities in the said country itself, maintain adequate staff, incur local expenses, and be centrally managed and controlled from Mauritius itself.  

  7. Do I need a Mauritius-based bank account for a GBC? 

    Yes, it is mandatory for a GBC to have a Mauritius-based bank account to ensure proper business operations and regulatory compliance as per the relevant laws and regulations.   

  8. Is a Management Company mandatory for a GBC formation in Mauritius? 

    Yes, every GBC must be administered by a Mauritius-based FSC-licensed Management Company responsible for compliance, administration, and regulatory reporting.  

  9. What is the partial exemption (PE) regime for GBC formation in Mauritius? 

    The partial exemption regime for GBC in Mauritius allows 80% of qualifying foreign-source income to be exempt from tax, subject to substance requirements, including income from interest, royalties, and leasing income.  

  10. Can a GBC access Mauritius tax treaties? 

    Yes, a GBC can access Mauritius tax treaties if it obtains a Tax Residency Certificate, meets the substance requirements, and satisfies beneficial ownership conditions under DTAA rules.  

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