Advantage of a GBC2 from Mauritius

Mauritius is known as one of the best African countries in terms of banking and business opportunities, and has been ranked first country for three consecutive years by the World Bank’s Doing Business Report for its ease of doing business in Africa. The reason lies in the exponential growth of the economy, the lack of currency control and the facilities that are provided when it comes to establishing an offshore company there to do business outside of Mauritius.

Several companies large and small establish offshore companies in Mauritius to invest or hold assets in different projects around the world and use their offshore bank account established in Mauritius to transfer their funds around the world without any currency control restrictions.

The country has formed a coalition system based on resident and foreign companies established there. Those jobs are called GBC1 companies or Global Business Category 1 companies. Non-resident companies are called GBC2 or Global Business Category 2 companies. GBC2 Mauritius companies mainly focus on holding investments and owning different assets. real estate, non-financial trade, international transactions and other similar activities.

Tea Mauritius GBC2 Businesses can also have various benefits and incentives while working. These benefits and incentives include:

• Tax advantages including the absence of stamp duty on the transfer of shares, a low government license fee, and the absence of taxes on income that comes from foreign countries
• Shareholder benefits including a minimum number of shareholders, no local shareholder required, shareholders can meet anywhere depending on the business situation, shareholder records cannot be publicly accessed.
• Capital stock benefits including standard paid-up capital of US $ 1, US dollars, British pounds and euros as standard currency, authorized shares excluding bearer shares, issuance of shares without any limitation.
• Directors benefits include a minimum number of directors, a local director is not required, the public cannot access the director registry, and directors can meet anywhere depending on the nature and sensitivity of the business.

The fees to establish a GBC2 in Mauritius plus its annual registered agent for the first year and registered office address must be between US $ 1000 and US $ 2000. Fees are paid in advance to the Offshore Management Company in Mauritius for processing your application, acting as your registered agent and providing your registered address to your GBC2.

It is not necessary for any individual or employee to be physically present to establish a GBC2 as it is mandatory to appoint an Offshore Management Company to register any type of offshore company in Mauritius.