Global Business Licence Type 1 is a company resident in Mauritius governed by the 2001 tax law.

GBL1 are taxed at 15%, with the possibility of deducting the tax paid abroad to maximum 80%.

The income tax of the company is reduced to achieve a maximum of 3% on the international global revenues (subject signed with countries where the subsidiaries operate GBL1 conventions).

It should be noted that there is no tax on capital gains, withholding at source on the dividend even to non-residents.

It allows its operators, under certain conditions, to obtain resident status in Mauritius.

It benefits from double taxation treaties signed by Mauritius.

So far, Mauritius has signed double taxation treaties with the following countries:

It allows its operators, under certain conditions, to obtain resident status in Mauritius.

The company must include at least two members ( physical or legal person ) and 2 resident directors.

– Have a Secretariat (Secretary-General and auditor) through a Mauritian company (usually the recording office) authorized by the Financial Services Commission (FSC).

– Having its registered office in Mauritius and will detain all statutory registers.

– Chairing personally Board to be held on the territory of Mauritius.

The opening of the bank account of the company is necessarily in one domiciled in Mauritius banks.

The identity of operators is communicated to the authorities (Financial Services Commission) but not disclosed to the public.

Social capital may be denominated in any currency.

The Articles may be written in French or English or any other language, in this case with certified English translation must be attached.

The company name may be followed by SA, Ltd., GmbH, Limited, Corp., NV, BV.

The period of examination of the application by the authorities is at least 15 days.

If a meeting with the relevant economic actors is not mandatory at first, it seems appropriate to come in to finalize the issue.

See our non-exhaustive comparison between CSL (SEYCHELLES) GBL1 (MAURICE)

Acquisition of real estate in Mauritius

House for sale

Buy homes in Mauritius by a foreigner is subject to several conditions.

Purchase in residential complexes created for this purpose – IRS (Integrated Resort Scheme) RES (Real Estate Scheme), replaced in 2015 by the PDS (Property Development Scheme).

The investment must be at least USD 500 000 for the purchaser, his conjoint and the minor children to obtain residence permit. The registration fee is set at 5% of the purchase amount. These assets may be acquired by a natural person or a legal entity, for example GBC 1.

It should be noted that:

• The automatic exchange of information provided for in the OECD COMMON REPORTING STANDARD does not apply to Mauritian residents with their bank accounts in Mauritius.
• Personal and corporate income tax is set at 15%.
• no right of succession, no hereditary reserve.