Global Business Company Category 1

A Global Business Category 1 ("GBC1") is the most common type of entity that incorporate, and is often preferred as a “multipurpose” company used for a broad range of purposes and activities.

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POTENTIAL USES

  • An ideal vehicle for tax planning to structure your investments into countries with which Mauritius has a DTAA in place such as South Africa, China and India.

  • Used to hold investments & protect your assets so that only max 3% tax is payable in Mauritius on the net profit

  • Acts as a Succession Planning Vehicle so that an individual can transfer his assets to his heirs without paying any succession tax.

  • An ideal vehicle for tax planning to structure your investments into countries with which Mauritius has a DTAA in place such as South Africa, China and India.

  • Used to hold investments & protect your assets so that only max 3% tax is payable in Mauritius on the net profit

  • Acts as a Succession Planning Vehicle so that an individual can transfer his assets to his heirs without paying any succession tax.

  • Used to hold intellectual property such as royalties, copyright and patent rights

  • It is the base entity to set up a Collective Investment Scheme (“CIS”) most commonly known as a hedge/mutual/pension fund in Mauritius

  • A foreign company can be set up as a GBC1 in Mauritius to continue operations after migration/re-domiciliation from another jurisdiction

  • A foreign company can be migrated/re-domicile in Mauritius and continue as a GBC1

  • A simple vehicle for holding Residential Property in Mauritius.

gbl1 Potential

ADVANTAGES

gbl1 Advantages
  • No withholding tax on dividends, interests and royalties in Mauritius

  • No capital gains tax applicable

  • No minimum share capital

  • No exchange control

  • No estate duty and no registration duty

  • No Value Added Tax (VAT) on global business transactions

  • No expropriation and free repatriation of profits, capital and interest as per the Mauritian network of Investment Promotion and Protection Agreements.

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