The Global Business License Type 2 is a non-resident company in Mauritius (offshore).
The applicable law is the “Comp Act 2001” and The Law on Financial Services 2007 and 2012
This offshore company, whatever the amount of his capital, is subject to a flat fees of USD 100 for the set up and USD 135 for the License; for the renewal it will have to pay USD 135 (FSC) and USD 65 (Registry of Companies) whatever the amount of his capital.
This structure does not benefit from the accession to the treaty network of double taxation in Mauritius.
The social object is very large.
This offshore company must be located in Mauritius.
It may be made with a single one shareholder (individual or corporate), or use of nominees.
Although the identity of the operators is not communicated to the public, the rules of KYC (Know Your Customer) apply to our agent who is required to keep on file the following documents for each director, partner or beneficiary owner of a Global Business License 2.
The Required documents are:
– A certified copy of identification document
– Proof of address and bank reference letter.
Bearer shares are not allowed in Mauritius anymore.
The bank account of the company must be opened in one of the banks located in Mauritius.
Each bank transaction should be covered by the registered agent, which generates additional costs and complicates the management.
The period of examination of the application by the Mauritian authorities is at least 3 days.