A GBL is tax resident in Mauritius and may apply for a Tax Residence Certificate (TRC) from the Director General of the MRA should this be required by the tax authorities in the jurisdiction in which the company is conducting its business. Investors may benefit from an extensive network of DTTs.
What is GBL company in Mauritius?
A new licence, termed a Global Business Licence (GBL), will be mandatory if a foreign-controlled company wishes to conduct its business principally outside Mauritius or with such category of persons as may be specified by the FSC. … Income derived from overseas by companies engaged in ship and aircraft leasing.
What is Category 1 Global business License Mauritius?
A resident corporation which proposes to conduct business outside Mauritius may apply to the FSC for a Category 1 Global Business Licence. … The FSC assesses whether the ultimate purpose of the applicant is an investment or a service to be made or provided outside Mauritius.
What is the difference between GBC1 and GBC2?
A GBC1 is a company that is resident in Mauritius for tax purposes. … A GBC2 is not considered resident in Mauritius for tax purposes and therefore is not liable to tax in Mauritius.
What is a global business company Mauritius?
As defined under the Financial Services Act of Mauritius, a GBC is a company engaged in qualified global business and which is carried on from within Mauritius with persons all of whom are resident outside Mauritius and where business is conducted in a currency other than the Mauritian rupee.
Can a GBC conduct business in Mauritius?
The GBC may conduct business in Mauritius provided that the majority of its transactions is done outside of Mauritius. On the other hand, the AC is non-resident for tax purposes and is therefore not liable to pay income tax in Mauritius. The AC is typically used where no tax treaty benefits are sought.
What is a domestic company in Mauritius?
A domestic company, also referred to as a local company, is defined as being a company incorporated under the laws of Mauritius and governed by the Mauritius Companies Act 2001. The domestic company is resident in Mauritius and accesses to the Double Taxation Agreements (DTAs) which Mauritius has in place.
What is Sanne Mauritius?
SANNE Mauritius is a leading management company incorporated in Mauritius and licensed by the Financial Services Commission (FSC) to provide advisory and management services for international businesses.
What is a GBC 1 company?
A Mauritius GBC-1 is a corporation registered through the Mauritius Registrar of Companies and regulated by the Financial Services Commission to hold a Category 1 Global Business Licence that enables the company to carry out business activities outside the country.
What is global business banking?
The Category 1 Global Business Company (GBC1) is tax resident of Mauritius and is therefore liable to tax in Mauritius, but at a concessionary rate. … It can thus be an effective corporate vehicle for international tax planning. Financing solutions. Work with us to access bespoke solutions to meet your financial needs.
Does Mauritius have a tax treaty with the US?
Treaty Update: Mauritius – United States
Mauritius and the United States signed a TIEA and an inter-governmental agreement on December 27, 2013.
What’s a management company?
Management companies deal directly with prospects and tenants, saving you time and worry over marketing your rentals, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions.
How do you set up a global business?
3 Steps to Building a Global Business
- Identify your target markets and determine whether there are viable revenue streams.
- Identify trustworthy in-country partners / team to test the market.
- Determine product-market fit and customize local product.