Mauritius (GBC 1) GBC 1


Formation of Category 1 Global Business Company in Mauritius, including bank account. A GBC 1 Company may conduct business with residents of Mauritius and provide financial & insurance services upon obtaining of a relevant license issued by the Mauritius Financial Services Commission. Mauritius GBC 1 company is resident in Mauritius and subject to tax.

Recurring and maintenance fees as from second year USD 4800.



    Nominee Shareholder
    • 600 $

    Provision of corporate Nominee Shareholder (per annum)

    2 Resident Directors (Required)
    • 1900 $

    Provision of required 2 resident Directors (per annum). GBC1 Companies require a minimum of two Directors who must be natural persons and residents of Mauritius.


    Power of Attorney (Apostilled)
    • 400 $

    Provision of Power of Attorney under Apostille.

    Certificate of Current Standing (Apostilled)
    • 350 $

    Provision of Certificate of Current Standing under Apostille.

    Set of Corporate Documents (Apostilled)
    • 350 $

    Copies of corporate documents in one Apostilled bundle.
    Please note: If applying for a corporate bank account you will need to order a full set of apostilled company documents when the account is opened outside of Mauritius.


    Extra Rubber Stamp
    • 40 $

    Provision of company extra rubber stamp

    Metal Embossing Seal
    • 120 $

    Provision of embossed metal seal


The Mauritius GBC1 is set up under the Companies Act 2001 and licensed under the Financial Services Act 2007. A GBC1 can carry out any business activity such as asset management, credit finance, custodian services (non-CIS), distribution of financial products, factoring, leasing, occupational pension schemes, pension fund administration, pension scheme management, retirement benefits schemes, superannuation funds, registrar and transfer agencies, treasury management and such other financial business activities as may be specified by the Financial Services Commission (FSC). A Company holding a Category 1 Global Business License is resident for tax purposes and can access Mauritius’ network of double tax treaties, provided that it is correctly structured and that the seat of management and control is in Mauritius.


The name of the proposed company may be reserved with the Registrar of Companies (the “Registrar”) before the company is incorporated. The name reservation can usually be confirmed within 24 hours. The reservation of the name will be available for 2 months from the date of notice of reservation but may be renewed for further periods of 2 months. The Companies Act contains certain restrictions on names but a GBC need not necessarily end with the word “Limited” or “Limitée” or the abbreviation “Ltd” or “Ltée”. It is noteworthy that the names of GBCs may end with “Corp.”, “B.V”, “N.V”, “S.A” etc.


GBC1 may fulfill the new FSC requirements by choosing to adopt a constitution which provides for all disputes arising out of the constitution to be resolved by way of arbitration in Mauritius.

New Requirements:

The FSC issued new substance guidelines for global business companies and these are effective as from 1 January 2015. Going forward, in addition to the existing conditions, a GBC1 would need to fulfill at least one of the following criteria:

  • The corporation has or shall have office premises in Mauritius.
  • The corporation employs or shall employ on a full time basis at administrative/technical level, at least one person who shall be resident in Mauritius.
  • The corporation’s constitution contains a clause whereby all disputes arising out of the constitution shall be resolved by way of arbitration in Mauritius.
  • The corporation holds or is expected to hold within the next 12 months, assets (excluding cash held in a bank account or shares/interests in another corporation holding a Global Business Licence) which are worth at least USD 100,000 in Mauritius.
  • The corporation’s shares are listed on a securities exchange licensed by the Commission.
  • It has or is expected to have a yearly expenditure in Mauritius which can be reasonably expected from any similar corporation which is controlled and managed from Mauritius.


A minimum of one Shareholder is required. The shareholder can be any nationality and does not need to be resident in Mauritius. Corporate shareholders are permitted.


There is no minimum capital requirement although at least one share must be issued and paid up. The usual authorized share capital is US$ 100,000 with all of the shares having a par value. Registered shares and a variety of shares such as preferred, redeemable, and fractional are allowed. The par value of the share must be declared. Redeemable preference shares may be issued. Bearer shares are not permitted.


The corporation shall have or has at least 2 directors, resident in Mauritius, who are appropriately qualified and are of sufficient caliber to exercise independence of mind and judgement. A GBC1 company is not permitted to have a corporate director.


Every GBC 1 must have a Registered Agent and a Registered Office in Mauritius. The Registered Agent must be qualified to act as such, such as a Lawyer, licensed Management Company, etc. A GBC1 must appoint a secretary.


Meetings of the directors may be held in or outside Mauritius but all board meetings must include at least 2 directors –residents of Mauritius. The Companies Act states that the business and affairs of a company must be managed by, or under the direction or supervision of, the board of directors who may regulate its own procedures, except as otherwise provided in the Companies Act.


Time needed for incorporation approximately takes 10 – 15 working days.
Note: Additional information and/or documentation may be requested in order to finalize the incorporation thus the two business weeks timeframe may be prolonged.


  • Provision of registered office.
  • Provision of Registered Agent.
  • Provision of Company Secretary.
  • Annual license fee payable to the Financial Services Commission.
  • Annual Fee payable to the Registrar of Companies.

The GBC1 companies are renewed with the Registrar of Companies by 20th of January and with the Financial Services Commission by 30th of June, irrespective of the date of incorporation.


GBC1 companies are formed under the Companies Act 2001 and now regulated by the Companies Act 2001 and Financial Services Act 2007. The substantial advantage offered by the GBC1 is that it may be structured to be tax resident in Mauritius, and may thereby access the taxation treaties signed by Mauritius. Tax treaties provide that profits can then be withdrawn from that country either without the imposition of withholding tax or subject to a substantially reduced rate of withholding tax.
GBC1s are subject to 15% tax on profit but the company is entitled to a deemed foreign tax credit of 80% of the tax payable e.g. the net effective rate after deduction of the deemed foreign tax credit is 3%. Capital Gains are exempt from tax in Mauritius.


Under the Financial Services Act 2007, a GBC1 company is required to maintain financial statements to reflect its financial position. Annual audited accounts must be filed with the Financial Services Commission (FSC).


  • Name reservation, preparation and filing of all necessary paperwork to register the company.
  • Provision of Registered Office for one year.
  • Provision for Registered Agent for one year.
  • Provision of Constitution, receipt of Certificate of Incorporation, Global Business License, first board minutes, issue of first share certificates.
  • One-Off fee payable to the Financial Services Commission.
  • Annual license fee payable to the Financial Services Commission.
  • Annual Fee payable to the Registrar of Companies.
  • Bank account opening.
  • Rubber stamp.


Please provide the following documents for all Directors, Shareholders, Beneficial Owners, Authorized Signatories:

  • Notarized copy of valid passport.
  • Original or Certified copy of utility bill / bank statement (as verification of residential address, dated within 3 months).
  • Original or certified copy of Banker’s reference letter (dated within 3 months).
  • In cases where shareholders and/or directors are corporate bodies, full apostilled set of corporate documents and Certificate of Good Standing (for companies registered more than 1 year).


Kindly note that the type of license mentioned in the fee schedule is for the Global Business Licence Category 1 (GBC1)company formation and does not include any special financial services license.
In order to obtain any specialized license (e.g. Investment Dealer license, Captive Insurance, the Protected Cell Company (PCC), Collective Investment Fund license or Payment Intermediary Services License (PSP)), an additional Application must be made under a GBC 1 company category, which is subject to the approval of the Financial Services Commission. If you are interested in obtaining of any special financial or investment service license for your company, please contact us for a quote.
If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, Agent Legal will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.


Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction of your ordered company, the country where the bank is based as well as your destination country.