Global Business Company2019-09-30T13:23:21+00:00

Mauritius Global Business Company
Register and Embrace growth

GLOBAL BUSINESS COMPANY (GBC1)

Companies holding a Category 1 Global Business Company Licence (GBC 1) are governed and regulated by the Companies Act 2001 and the Financial Services Act 2007. A GBC1 fulfills certain conditions and makes the most of the double taxation avoidance agreements (‘DTAs). The Mauritius Company’s registration has provided this benefit for a number of countries. Tax incentives granted to GBC1 include:

Low taxation and
generous tax credits

Capital gains exempt
from taxation

No withholding taxes
on dividends, interest and
royalty payments from Mauritius

No foreign
exchange controls

KEY FEATURES GLOBAL BUSINESS COMPANY

Access to Double Taxation Agreement May Have
Minimum Capital Requirement For Specific Activities
Registered Office Yes
Resident Secretary Yes
Resident Directors Yes, 2
Board Meetings Yes, should be held, chaired and minuted in Mauritius
Primary Bank Account Yes
Accounting Records Must be maintained in Mauritius
Annual Audited Financial Statements Must be submitted to the Financial Services Commission
Tax Return Must be filed in Mauritius

TESTIMONIALS

Our experience with Sphere has been incredible. Despite our being a relatively small fund, their team has been consistently responsive & proactive, amazingly helpful and, most importantly, patient and flexible. Access to their network has been worth its weight in gold. We are grateful to the Sphere team for all they have done and continue to do.

Mr Eghosa OmoiguiEchoVC Partners

With Sphere, I am in safe hands… I can go on holidays now..

Fund Promoter of a mid-sizeUS Equity based Fund

Being in the Financial Services for over 40 years, I have seen a trend where Big Institutions are more concerned about profits than their valued clients. It is therefore pleasing to evidence outstanding service from Sphere. I am most impressed with your service.

Senior Investment AdvisorBased in South Africa

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