C&S Secretarial Services gives you an overview of what this means for investors and future investors and why this has been introduced.

What is considered “Known to the Commission”

Under the KTC framework, an applicant or relevant officer or beneficial owner may be deemed “known” where the FSC already holds sufficient regulatory, licensing and due diligence information.

In practical terms, this applies to entities or individuals that have held at least one valid financial services licence issued by the FSC for a minimum of three years, are in good standing with the Commission and have no adverse findings or red flags on record. The FSC must also already possess the relevant due diligence documentation relating to the applicant and its key persons.
The concept is designed to allow the FSC to rely on information it has already reviewed and validated, rather than requiring a full re-submission of unchanged documentation.

Why the FSC has introduced KTC

The introduction of KTC reflects a clear regulatory objective: improving processing efficiency without lowering compliance standards.

As Mauritius continues to position itself as a competitive International Financial Centre, the FSC is seeking to reduce duplication in regulatory reviews, shorten turnaround times and improve predictability for applicants with an established compliance history. KTC enables the regulator to distinguish between first-time applicants and entities or individuals with a proven regulatory track record.

This approach aligns with international regulatory best practices, where proportionality and risk-based supervision play an increasing role in licensing and oversight.

Who the KTC framework applies to

At this initial stage, the KTC concept applies to entities holding or applying for licences relating to:

• investment funds, and
• investment adviser activities, whether restricted or unrestricted, as well as to the relevant officers and beneficial owners of such entities.

The FSC has indicated that KTC will be applied where appropriate, and retains full discretion to request updated information or additional documentation where necessary. The framework does not remove regulatory scrutiny, but rather adapts it to the applicant’s risk profile and compliance history.

How KTC changes the application process

From an investor perspective, the practical impact of KTC lies in reduced repetition and greater efficiency.

Where an applicant qualifies as “known to the Commission”, previously submitted Personal Questionnaires may remain valid for up to two years, provided no material changes have occurred. Instead of resubmitting full documentation, applicants are required to provide a Letter of Confirmation or Undertaking, confirming continued compliance, the validity of due diligence documents and the absence of material changes.

This approach is intended to minimise unnecessary delays while preserving the FSC’s ability to request updated information where warranted.

How KTC fits into Mauritius’s broader IFC Strategy

The introduction of KTC should be viewed within the wider context of Mauritius’s strategy to strengthen its attractiveness as an investment jurisdiction.

Alongside regulatory modernisation, digitalisation initiatives and infrastructure investment, KTC reflects a shift towards a more streamlined, proportionate and investor-aware regulatory environment. The objective is to facilitate business continuity and growth for established operators while maintaining the integrity of the financial system.

For investors, KTC sends a clear signal that Mauritius is seeking to balance regulatory rigour with operational efficiency, reinforcing its position as a jurisdiction that values both compliance and competitiveness.
For investors considering Mauritius as a base for their financial services activities, regulatory efficiency and predictability remain key considerations. C&S Secretarial Services supports clients throughout the licensing and post-licensing lifecycle, including structuring, incorporation, regulatory applications and ongoing compliance, helping investors navigate evolving frameworks such as the “Known to the Commission” regime with clarity and confidence.

L’article Introduction of “Known to the Commission”: Mauritius streamlines regulatory processes est apparu en premier sur C&S Secretarial Services.

The Republic of Mauritius has officially been selected to host the 18th U.S. – Africa Business Summit in 2026. This major event will bring together African heads of state, ministers, senior U.S. and African officials, and top business leaders. The announcement was formalised through the signing of a Memorandum of Agreement (MOA) during the United Nations General Assembly in New York, in the presence of Mauritian Minister of Foreign Affairs Dhananjay Ramful and Florizelle Liser, President and CEO of the Corporate Council on Africa (CCA).

The U.S. – Africa Business Summit serves as a strategic platform for public and private stakeholders to discuss investment opportunities, trade, and economic relations between the United States and Africa. It provides a unique space for forging high-impact agreements in key sectors such as energy, infrastructure, agribusiness, healthcare, information technology, and finance.

Why Mauritius is the ideal host

Located at the intersection of Africa and Asia in the Indian Ocean, Mauritius offers a combination of advantages that make it a natural host for a high-level international summit of this scale:

• Political stability and a robust legal system
• A progressive, investment-friendly economy driven by reform and innovation
• Strong governance and world-class infrastructure
• A dynamic financial and commercial ecosystem that facilitates regional and international trade

Mauritius’ unique combination of stability, innovation, and accessibility positions it as a premier destination for global events and a strategic gateway for cross-continental investment.

Key highlights

• Strategic location: Mauritius is a financial and commercial hub connecting Africa and Asia
• Official agreement: Signed during the UN General Assembly in New York between the Government of Mauritius and the CCA
• Priority sectors: Energy, infrastructure, agribusiness, healthcare, ICT, financial services, creative industries, and trade facilitation
• Opportunities: Networking with key decision-makers, exploring new opportunities, and signing major partnerships
• Expected impact: Tangible economic benefits for businesses, citizens, and workers across Africa and the U.S.

This milestone reinforces Mauritius’ role as a key international platform for investment and partnership development in Africa.

A catalyst for economic exchange

The 2026 Summit will provide participants with opportunities to:

• Explore new investment and trade opportunities
• Meet potential partners from both public and private sectors
• Seal strategic business deals with long-term value
• Discuss and promote effective policies to support U.S. – Africa trade and investment

Florizelle Liser, CEO of the CCA, stated: “This summit will provide an essential platform to strengthen U.S. – Africa economic ties and foster partnerships, increasing bilateral trade.”
Minister Dhananjay Ramful added: “Hosting this summit highlights Mauritius’ role as a hub for investment and partnerships across Africa.”

High-impact sectors

The summit will focus on key areas that drive economic growth and job creation:

• Energy and infrastructure
• Agribusiness and food security
• Healthcare and medical technology
• ICT and creative industries
• Financial services and trade facilitation

These sectors offer real opportunities for businesses and international investors, while also supporting the continent’s sustainable and inclusive development.

The role of the CCA

The CCA is a leading U.S.-based business association dedicated to strengthening economic ties between the United States and Africa. It brings together companies of all sizes, from SMEs to multinationals, and serves as a key conduit for public-private dialogue, investment promotion, and innovation-driven collaboration across the continent.

Opportunities for investors in Mauritius

Alongside the summit, Mauritius continues to strengthen its reputation as an attractive destination for international companies:

• Streamlined company setup for Global Business Companies (GBCs) and Authorised Companies
• A transparent, internationally respected legal and tax regime
• Modern financial infrastructure and high-quality corporate secretarial services

C&S Secretarial Services, a recognised leader in the sector, provides support to investors, from company incorporation and administrative setup to regulatory compliance. With a team of experienced professionals and an extensive network, the firm enables companies to thrive within the Mauritian business environment, offering a stable base for local and international operations.

With its combination of stability, innovation, and strategic connectivity, Mauritius is positioning itself as a leading business hub for Africa. The 2026 U.S. – Africa Business Summit will serve as both a showcase for the country and a powerful catalyst for investors seeking to leverage its dynamic, well-regulated economic environment.

Sources of this article:

Mauritius to Host 2026 U.S.-Africa Business Summit

Corporate Council on Africa Announces the Republic of Mauritius as Host of 2026 U.S.-Africa Business Summit

L’article Mauritius to host the 18th U.S – Africa Business Summit in 2026 est apparu en premier sur C&S Secretarial Services.

A stronger global ranking and heightened international recognition

According to GFCI 38, published in September 2025, Mauritius now ranks 52nd worldwide with a score of 707, moving up six places from the previous edition (GFCI 37, where it ranked 58th with 694 points). It is classified as a Global Contender, signalling a dynamic financial centre that is still developing but gaining international visibility. This progress reflects improvements in infrastructure, regulatory quality, and overall competitiveness in a challenging global financial environment.

Mauritius also performs well in the FinTech category, ranking 56th with a score of 686. While the position has slipped slightly, the increase of 18 points shows a strengthening innovation ecosystem and continued appeal among startups and financial technology players.

A strong regulatory framework: The role of the FSC

The Financial Services Commission (FSC), established in 2001, oversees the entire non-banking financial services sector and global business activities. Its mandate includes:

• Promoting the development, efficiency, and transparency of financial institutions and capital markets
• Preventing fraudulent practices and protecting investors
• Safeguarding the stability and integrity of the Mauritian financial system

This regulatory stability helps position Mauritius as a credible, secure jurisdiction for establishing international business structures such as Global Business Companies (GBC), Authorised Companies (AC), regional holding entities, and investment funds.

Mauritius’ strategic advantages

Competitive tax regime and bilateral treaties

Mauritius offers an attractive corporate tax rate of 15%, with the possibility of further reductions through partial exemptions on eligible foreign-source income.

The island has also built an extensive network of double taxation treaties that facilitates smooth, tax-efficient cross-border financial flows. The absence of capital gains, donation, and inheritance taxes for certain structures further enhances its appeal.

Geographical positioning and market access

Ideally located in the Indian Ocean, Mauritius serves as a strategic bridge between Africa, Asia, and Europe. This makes it an ideal base for asset management, international trade, and regional headquarters. Investors can use the island as a launching point for African operations while benefiting from regulatory standards aligned with global best practices.

Local substance and international credibility

To fully benefit from the Mauritian system, companies are required to demonstrate real economic substance on the island, which may include maintaining offices, appointing local directors, and hiring local employees. This strengthens their credibility with banks, investors, and international partners, and supports activities such as fund administration, asset management, and fiduciary services.

Opportunities for investors and entrepreneurs

Mauritius appeals to a wide spectrum of economic actors, including:

• Pan-African investment funds
• Asset managers and fund administrators
• Regional holding structures
• Global trading companies
• FinTech startups and innovative businesses

The island offers a stable regulatory environment, modern infrastructure such as high-speed internet and strong cybersecurity systems, and a skilled talent pool. These factors make it easy for companies to set up operations and scale sustainably.

Spotlight on FinTech

Mauritius is actively nurturing its FinTech ecosystem, notably by enabling companies to test business models in a controlled regulatory environment before expanding into African markets. Although the FinTech ranking slipped from 53rd to 56th, the increase in score reflects a more competitive and mature innovation landscape.

Key factors behind Mauritius’ GFCI 38 ranking

The GFCI evaluates financial centres based on:

1. Economic indicators: GDP growth, inflation, public debt
2. Regulatory quality: predictability, flexibility, financial oversight
3. Infrastructure: digital connectivity, cybersecurity, transport, office spaces
4. Human capital: skilled professionals, visa accessibility
5. Reputation: stability, security, regulatory excellence
6. Connectivity and FinTech development
7. Regional competitiveness perceptions

Together, these factors explain Mauritius’ upward progression and its growing recognition as an emerging financial hub.

Conclusion: Why choose Mauritius?

Mauritius is a rising financial centre that offers a secure legal environment, attractive tax incentives, and strategic access to African and international markets. Its improved ranking in GFCI 38 reinforces its credibility, while its FinTech initiatives and stronger substance requirements enhance its appeal to global investors and entrepreneurs.

For companies looking to establish a GBC, an Authorised Company, or a regional headquarters, Mauritius provides:

• Strong and transparent regulation
• Significant tax advantages and a broad treaty network
• Modern infrastructure and skilled professionals
• Growth potential and global credibility

C&S Secretarial Services supports clients with the creation and management of companies in Mauritius, offering expertise in structuring, compliance, and tax optimisation to secure your investments and accelerate your global expansion.

L’article Mauritius: An emerging financial hub for global investors and entrepreneurs est apparu en premier sur C&S Secretarial Services.

Tax residency: A clear competitive advantage

The most important distinction between the two structures lies in their tax residency status. A GBC is recognised as a tax resident in Mauritius, which gives it access to the country’s wide network of double taxation treaties. This can significantly reduce or eliminate withholding taxes on cross-border transactions.

An AC, by contrast, does not qualify as a Mauritian tax resident. It therefore cannot benefit from tax treaties, often resulting in higher withholding taxes abroad. This limitation may also raise concerns among banking and commercial partners, who may view the structure as less transparent.

Significant differences in permitted activities

A GBC can engage in a wide variety of regulated financial activities, including asset management, fund administration, treasury operations, and international trade. It may work with both resident and non-resident clients.

During a workshop held by the Economic Development Board (EDB) in August 2025, the Mauritian government reaffirmed its intention to broaden the scope of activities available to GBCs, particularly through the Mauritius Freeport regime. Newly identified opportunities include precious metal minting and refining, secure vault services, e-commerce logistics hubs, and even the high-value art trade, an activity introduced in the 2025–2026 Budget enabling storage, exhibition, and auctions in world-class facilities.

An AC, however, is restricted to non-financial holding activities, consultancy, and international trade conducted exclusively outside Mauritius. It cannot access local banking services, fund administration, or fiduciary services. These restrictions greatly limit its versatility.

Taxation and accounting obligations

A GBC is taxed at 15%, with the possibility of an effective rate of 3% on qualifying foreign-source income if substance requirements are met. It is not subject to capital gains tax, inheritance tax, or withholding tax on dividends, interest, or royalties.

An AC is exempt from Mauritian income tax but cannot benefit from treaty-reduced withholding rates. It must prepare simplified financial statements, with no audit requirement. A GBC, on the other hand, must maintain audited accounts and comply with more robust regulatory standards, a key factor that enhances its credibility internationally.

Economic substance and strengthened credibility

A GBC must demonstrate real economic presence in Mauritius by appointing local directors, maintaining office premises, and employing staff. This greatly enhances its credibility with banks and investors. A GBC can also own or lease property, hold bank accounts in Mauritian rupees, and allow foreign shareholders or employees to apply for residence permits.

As the Minister of Finance emphasised during the EDB workshop, economic substance requirements form part of Mauritius’ broader strategy to position itself as a gateway to Africa. The goal is to attract substantial investments through GBCs capable of integrating into regional value chains and contributing to national development.

An AC, typically managed from abroad, cannot own property in Mauritius or open bank accounts in local currency. Its lack of physical presence makes it less suitable for large-scale or long-term projects.

Regulation and operational framework

A GBC is supervised by the Financial Services Commission and must adhere to strict governance and reporting obligations. Although its annual operating costs are higher than those of an AC, this regulatory rigor strengthens trust with international partners and simplifies banking relationships.

An AC remains more cost-effective and easier to manage, making it a suitable option for simple holding structures or small-scale commercial activities that do not require local substance.

Which structure is best for your project?

A GBC is particularly well suited for financial services companies with international ambitions, as well as for sophisticated wealth management or structured investment activities. Its access to tax treaties, ability to hold assets in Mauritius, and integration into a recognised financial ecosystem fully justify its higher level of regulation.

According to the EDB, promising growth areas for GBCs include sustainability, climate resilience, and the digital economy – sectors in which GBCs can innovate, adopt green technologies, and contribute to regional development.

An AC remains a practical option for straightforward offshore arrangements where local presence and treaty benefits are not fundamental.

In conclusion

For internationally focused financial businesses, the GBC remains Mauritius’ premier corporate structure. It offers regulatory strength, tax efficiency, and operational flexibility. Combined with new investment opportunities in the Freeport and growing government support for innovative sectors, the GBC provides a future-ready framework aligned with Africa’s expanding markets and global financial trends.

The AC, while more accessible, is limited in scope and does not offer the same potential for developing a credible international presence or engaging in high-impact economic activities.

For the creation or management of your GBC or Authorised Company, C&S Secretarial is here to guide you at every step of your project.

Sources of this article:

1. https://loitamauritius.com/global-business-licence-authorised-company/
2. https://global.acclime.com/guides/mauritius-global-business-licence-company/
3. https://tridenttrust.com/media/24dj1axm/tmau-ac-kf.pdf
4. https://www.tetraconsultants.com/blog/a-detailed-comparison-between-the-3-types-of-companies-in-mauritius/
5. https://nexusgfs.com/setting-up-a-global-business-corporation-in-mauritius-advantages-and-uses/
6. https://csecretarial.revelia.dev/gbcs-authorised-company-et-domestic-company-understanding-business-structures-in-mauritius/
7. https://global.acclime.com/guides/mauritius-authorised-company/
8. https://www.businessconsult.mu/table-of-comparison-between-global-business-company-and-authorised-company/
9. https://intercontinentaltrust.com/products/global-business-companies
10. https://oramacorporate.com/benefits-of-a-global-business-company/
11. https://edbmauritius.org/newsroom/opportunities-in-mauritius-freeport-for-global-business-corporation-gbcs

L’article Why a GBC is the stronger choice than an Authorised Company in Mauritius est apparu en premier sur C&S Secretarial Services.

What is a Global Business Company (GBC)?

A Global Business Company (GBC) is a Mauritian-registered entity specifically designed to conduct international trade and investment activities. It enables investors to structure their global operations while benefiting from substantial tax advantages.

Since 1 January 2019, companies previously categorised as GBC1 have been reclassified as Global Business Licence (GBL) entities. This reform replaced the former Foreign Tax Credit (FTC) regime with a partial exemption system, granting up to 80% tax exemption on selected types of foreign income such as dividends, interest, profits from foreign permanent establishments, and income from specialised activities like reinsurance or international leasing.

To qualify for this exemption, companies must meet economic substance requirements in Mauritius, meaning that core activities, management, and control must actually be carried out on the island. This includes having resident directors, a local bank account, and financial statements prepared and maintained in Mauritius.

In short, a GBC combines tax efficiency, operational flexibility, and international compliance, making it an ideal vehicle for investors and entrepreneurs managing cross-border operations from Mauritius.

Which income qualifies for tax exemption in Mauritius?

GBCs may benefit from a partial exemption on:

• Foreign dividends not deductible in the source country;
• Interest income and profits attributable to a foreign permanent establishment;
• Income from investment funds, including CIS and closed-end funds managed by Financial Services Commission (FSC)-licensed entities;
• Income derived from reinsurance, ship or aircraft leasing, and related services;
• Income generated by companies licensed in artificial intelligence or payment services.

Investment and closed-end funds may also qualify for a 95% exemption on interest income. GBCs benefiting from the 80% exemption, however, are not eligible to claim a tax credit on this foreign income.

The Tax Residence Certificate (TRC) and Double Tax Treaties

To benefit from tax advantages and Double Tax Treaties (DTTs), a GBC must hold tax residency status in Mauritius and obtain a Tax Residence Certificate (TRC) from the Mauritius Revenue Authority (MRA). The TRC is typically issued within seven days of submitting all required documentation.

Mauritius has signed 44 double taxation treaties, providing international investors with protection against double taxation and enabling efficient tax planning for their global operations.

Management and substance requirements in Mauritius

A GBC must be managed and controlled from Mauritius to maintain tax residency and qualify for exemptions. The main criteria include:

• At least two resident directors capable of making independent decisions;
• At least two resident directors capable of making independent decisions;
• Accounting records and statutory documents kept locally;
• Financial statements prepared and audited in Mauritius;
• Board meetings held in Mauritius with the participation of at least two resident directors.

Certain functions may be outsourced to licensed service providers, provided that effective management remains in Mauritius and economic substance is not duplicated.

Tax and operational benefits of a GBC

GBCs can benefit from an 80% exemption on selected foreign income streams, maximising profitability while remaining fully compliant with local tax regulations.

Exemption on foreign income

Eligible income includes interest, dividends, profits from foreign permanent establishments, reinsurance, and leasing of international assets.

Access to Double Taxation Treaties

With a Tax Residence Certificate (TRC), a GBC can benefit from the Double Tax Treaties (DTTs) signed by Mauritius with 44 countries, reducing or eliminating double taxation and facilitating the structuring of international operations.

Operational flexibility

The GBC structure allows for the management of a wide range of activities:

• Fund management and international investments;
• Ship and aircraft leasing;
• Payment services and international financial operations;
• Activities related to artificial intelligence and technology.

This flexibility makes it an ideal choice for entrepreneurs seeking to combine favourable taxation with global business opportunities.

International recognition

GBCs are recognised for their compliance with international governance and reporting standards, strengthening their credibility with partners and financial institutions worldwide.

4 steps to set up a GBC in Mauritius

Establishing a Global Business Company in Mauritius may appear complex, but with the right guidance, the process is clear and straightforward. Here’s a typical workflow:

1. Prepare and certify the necessary documents, including the constitution and identification of shareholders and directors;
2. Submit the application through a licensed Management Company to ensure full compliance and communication with the FSC;
3. Obtain the TRC to access tax benefits and double taxation treaties;
4. Finalise official registration and maintain ongoing compliance — including accounting, auditing, and board meetings.

Why establish a GBC in Mauritius?

Mauritius provides a secure and business-friendly environment for international investors, offering:

• Tax optimisation through exemptions and DTTs;
• Operational flexibility to structure and expand international activities;
• Regulatory stability under the supervision of the FSC and MRA;
• Global credibility through adherence to international governance standards;
• Access to an extensive DTT network, protecting and facilitating cross-border investments.

Conclusion

Setting up a Global Business Company (GBC) in Mauritius requires expertise, efficiency, and precision to secure your investments and ensure full tax compliance.

For a seamless and reliable incorporation process, partner with C&S Secretarial Services. We manage every step, from fast company formation to administrative and tax management, as well as coordination with local authorities, so you can focus on growing your business.

Contact us today to establish your GBC in Mauritius.

Source:

Global Business Licence (GBL) companies – taxsummaries.pwc.com

L’article Global Business Company (GBC): A complete guide to investing in Mauritius est apparu en premier sur C&S Secretarial Services.

The financial sector: A pillar of growth

The financial sector is a cornerstone of Mauritius’ economy, directly contributing 13.4% of GDP in 2024 and representing 24.8% of total added value when indirect effects are included. The sector employs over 36,800 professionals, including nearly 20,000 direct jobs.

With its status as a trusted International Financial Centre (IFC) for Africa and Asia, Mauritius combines political stability, transparent regulation, and attractive taxation. The Global Business License (GBL) alone accounts for 8.2% of GDP and generates more than two-thirds of corporate tax revenues, confirming that Mauritius is a robust economic hub rather than a mere tax haven.

Strategy 2025–2030: Modernising and diversifying Mauritius’ financial sector

The Mauritian government has unveiled an ambitious five-year strategy to strengthen the island’s role as an international financial hub and anticipate the evolving needs of global investors. The strategy is built around five core pillars:

1. Facilitating business creation and management

Mauritius is streamlining procedures for foreign investors by digitalising company registration and licensing processes. Initiatives such as e-KYC for international clients and the “Known to the Commission” framework will accelerate regulatory approvals. Revised fees and incentives for new financial products further enhance the island’s competitiveness for regional headquarters and international treasury structures.

2. Diversifying and modernising the service offering

Moving beyond the traditional Global Business Company model, Mauritius is developing solutions for family offices, international funds, fintech, and sustainable finance. Foreign investors can manage funds, treasury operations, or infrastructure projects across Africa and Asia in a conducive environment. The emphasis on green finance positions Mauritius as a pioneer in a rapidly expanding global market.

3. Strengthening the visibility and reputation of the IFC

Mauritius is investing in international outreach with targeted marketing, a strong brand identity, and proactive economic diplomacy. For investors, this translates into enhanced global recognition and credibility, making it easier to build trust with partners and clients.

4. Targeting key international markets

The strategy places particular focus on India and Africa, reinforcing trade partnerships and positioning Mauritius as a sustainable platform for doing business on both continents. Strategic agreements and proactive trade promotion policies are opening new opportunities for regional headquarters and multi-entity businesses.

5. Developing skills and attracting talent

To address skills shortages in the financial sector, Mauritius is launching scholarships, international internships, and a redesigned expert visa to attract high-level professionals. Investors thus benefit from an ecosystem where both local and international talent are mobilised to support their operations.

Attractive taxation and tailored licences for regional headquarters

Mauritius offers highly competitive fiscal and regulatory conditions:

• Global Headquarters Administration (GHA) Licence : manage multiple affiliated entities with an eight-year corporate income tax holiday.
• Global Treasury Activities (GTA) Licence : conduct international treasury services with a five-year tax holiday.
• Company incorporation in under 48 hours, with no minimum capital and 100% foreign ownership.
• No exchange controls, no capital gains tax, and tax-free dividends, interest, and repatriation of profits.

These conditions enable investors to reduce operating costs, safeguard subsidiaries, and maximise returns while remaining aligned with international standards.

Structuring your presence: GBC and Authorised Company

For investors seeking to fully leverage Mauritius’ business-friendly environment, establishing a Global Business Company (GBC) or an Authorised Company is a strategic choice. These structures offer flexibility, tax optimisation, and simplified access to African and international markets.

Modern infrastructure and connectivity

Mauritius is equipped with infrastructure tailored to international business needs:

• High-performance port and container terminal connected to over 35 global ports.
• International airport with direct connections to Africa, Europe, and Asia.
• Fibre-optic and high-speed internet, ranked first in Africa for bandwidth capacity.
• Modern industrial and business parks, including Freeport and free zones.

For regional headquarters, this ensures seamless operations, fast access to African markets, and proximity to strategic partners and clients.

Why Mauritius over other African hubs?

While other African nations are upgrading their financial infrastructure, Mauritius stands out through its unique combination of:

• Political and economic stability;
• Reliable hybrid legal framework (French and British);
• Transparent and advantageous tax regime;
• Modern infrastructure and global connectivity;
• Simplified company formation and licensing.

This combination significantly reduces investor risk and supports long-term strategic planning.

Concrete opportunities for foreign investors

• Establishing regional headquarters to manage African and Asian subsidiaries.
• Setting up international treasury structures via GTA licences.
• Access to a diversified financial market (funds, family offices, fintech, sustainable finance).
• Tax optimisation through partial or full exemptions on selected income, dividends, and profits.
• Access to skilled labour, with government measures in place to attract top talent.

These advantages make Mauritius a strategic choice for multinationals and investors seeking security, efficiency, and sustainable growth.

C&S Secretarial Services helps you make it happen

Securing a reliable local partner is key to a successful implantation. C&S Secretarial Services provides end-to-end support to foreign investors, including:

• Company incorporation in under 48 hours;
• Assistance with Global Headquarters and Global Treasury licence applications;
• Compliance with local legal and tax obligations;
• Corporate administration and secretarial services.

With this support, investors can focus on strategic growth while relying on trusted local expertise.

Mauritius offers more than just an attractive fiscal framework. With political stability, modern infrastructure, international connectivity, and a clear government roadmap for the future of financial services, it is a strategic platform for entering African and Asian markets within a secure economic and legal environment.

By leveraging available licences and working with experienced local partners, investors can optimise operations and safeguard their investments. For those seeking to establish and manage a GBC or Authorised Company, C&S Secretarial Services ensures efficiency, compliance, and peace of mind at every stage of the process.

L’article Gateway to Africa: Setting up your regional headquarters in Mauritius est apparu en premier sur C&S Secretarial Services.

What is a Global Business Company (GBC)?

A Global Business Company (GBC) is a structure licensed by the Financial Services Commission (FSC) of Mauritius and is mainly designed for conducting business activities outside the country. With its favorable tax regime and access to double taxation treaties, the GBC stands out as a strategic choice for international companies looking to expand their operations.

Advantages of a GBC in Mauritius

Tax benefits: Standard 15% income tax, with partial exemptions available on certain activities and no taxes on capital gains or dividends. Double taxation agreements often reduce the effective tax burden to around 3% for international activities.

Global flexibility: A GBC can operate almost anywhere in the world while benefiting from Mauritius’ economic and political stability.

Infrastructure and skilled workforce: Access to competent professionals, especially in the financial and legal sectors.

No exchange controls: Funds can move freely in and out of Mauritius.

Restrictions

Without a specific license, a GBC cannot conduct:

• Banking or insurance activities
• Trust or fund services
• Securities or collective investment fund management
• Gambling or casino operations

Constitution requirements

• Shareholding and control: Strategic decisions must be taken in Mauritius.
• Directors and secretary: At least two resident directors and one qualified secretary are required.
• Registered office: Mandatory in Mauritius.
• Name and documents: Name approved by the Registrar of Companies, incorporation documents in English or French, detailed business plan, legal certificates, compliance checks, and annual reports to the FSC and MRA.

Incorporation process

• Name check: Confirm availability with the Registrar of Companies.
• Application submission: Send required documents to the FSC.
• Payment of fees: Incorporation and annual renewal fees.
• Certificate of incorporation: Company officially created upon approval.

Compliance obligations

• Maintain sufficient share capital, with different share classes possible.
• Demonstrate adequate local substance: resident directors, bank accounts, and accounting in Mauritius.
• Submit financial statements and annual returns to the FSC and MRA.

Taxation

GBCs are subject to a 15% corporate tax on profits, with the possibility of an 80% partial exemption on certain activities, bringing the effective tax rate to 3–3.4%. Additionally:

• No withholding tax on dividends, interest, or royalties.
• No capital gains tax.

Key economic data

According to the FSC and recent statistics:

• Total GBC assets reached USD 753 billion in 2023.
• The global business sector contributes 8.4% to Mauritius’ GDP.
• Bank loans to GBCs stood at MUR 83.682 billion in December 2023.

These figures show that GBCs play a major role in the economic dynamism and development of Mauritius’ financial sector.

What is an Authorised Company?

An Authorised Company is one that is mainly owned by non-residents and whose management and control are conducted outside Mauritius. Unlike GBCs, an Authorised Company is not considered tax resident in Mauritius.

Key characteristics

• Taxed only on income sourced from Mauritius.
• Not eligible for double taxation treaties.
• Management and control recommended outside Mauritius, with most directors being non-residents.
• Must appoint a local Registered Agent, often a licensed management company like C&S Secretarial Services.

Restrictions and obligations

Authorised Companies cannot:

• Employ resident staff in Mauritius.
• Open accounts in local currency.
• Acquire or rent real estate in Mauritius.

They must, however:

• File annual tax returns with the Mauritius Revenue Authority (MRA).
• Maintain a registered office in Mauritius.

2023 statistics

• Active Authorised Companies: 6,296 (slight increase from 6,142 in 2022).
• These companies indirectly contribute to the Mauritian economy by purchasing local services such as accounting, management, and legal support.

What is a Domestic Company?

A Domestic Company is incorporated under Mauritian law and primarily intended to operate on the island.

Key characteristics

• Must comply with all local laws (Companies Act 2001, Income Tax Act 1995).
• Standard corporate tax applied on Mauritian income.
• Must maintain a registered office and minutes for board meetings.

Advantages

• Simple structure for companies operating only in Mauritius.
• Direct access to local markets.
• No international substance requirements.

How are Domestic Companies different from GBCs or Authorised Companies?

Unlike GBCs and Authorised Companies:

• A Domestic Company is a tax resident in Mauritius.
• It does not need to demonstrate that its main activities are conducted abroad.

Comparative summary of the three structures

Why choose C&S Secretarial Services to create your company in Mauritius?

Setting up a GBC, Authorised Company, or Domestic Company in Mauritius requires compliance with local legislation and a complete application file. C&S Secretarial Services offers:

• Full company incorporation and liaison with the Registrar of Companies.
• Management of board meetings, drafting of minutes, and administrative compliance.
• Provision of registered office address and management of local substance for GBCs.
• Assistance with work and residence permit applications for directors and employees.

With C&S, creating and managing your company in Mauritius is simplified and fully compliant with local and international standards.

Conclusion

Mauritius provides an ideal environment to establish or domicile your business thanks to its tax advantages, economic stability, and clear regulations. The choice between a GBC, an Authorised Company, and a Domestic Company depends on your objectives: internationalisation, tax optimisation, or local business operations.

For comprehensive and secure support in setting up your company in Mauritius, get in touch with C&S Secretarial Services today. Their expertise will save you time, ensure compliance, and let you focus fully on your business growth.

L’article GBCs, Authorised Company et Domestic Company: Understanding business structures in Mauritius est apparu en premier sur C&S Secretarial Services.

The Global Business Company (GBC) is among the most popular legal structures for international investors who see Mauritius as a hub for their global activities. With its attractive tax benefits, robust regulatory framework, and strategic location, the GBC provides a reliable and effective way to expand business beyond Mauritius, while enjoying the advantages of a stable and well-recognized jurisdiction.

In this article, we’ll take a closer look at what a GBC is, its key benefits and obligations, some essential figures, and the steps to set one up with the support of C&S Secretarial Services.

1. What is a Global Business Company (GBC)?

A Global Business Company (GBC) is a tax-resident entity incorporated or registered in Mauritius and licensed by the Financial Services Commission (FSC). It is primarily intended for international operations, allowing businesses to benefit from Mauritius’ network of Double Taxation Avoidance Agreements (DTA) with over 45 countries.

In the past, two categories of licenses existed: GBC1 and GBC2. However, following sector reforms, all new entities are now registered under a single GBC framework with unified regulations.

The GBC operates under the Financial Services Act 2007 and must comply with stringent requirements on economic substance and local management.

2. A pillar of the Mauritian Economy

GBCs play a central role in Mauritius’ economy and financial sector. The latest statistics highlight their strategic weight:

• USD 741 billion: total assets held by GBCs in 2022 (source: FSC)
• 8.4% of GDP: contribution of the global business sector to the national economy (2022 forecast)
• MUR 83.68 billion: outstanding bank loans to GBCs in December 2023
• MUR 78.06 billion: gross national savings including GBCs (2017)

Their activity also generates significant indirect impact: creation of local jobs, stimulation of other financial sub-sectors, increase in foreign reserves, and boost to the economy through services purchased from Mauritian providers (management, accounting, legal).

3. Tax advantages of a GBC in Mauritius

The GBC tax regime is one of the most competitive globally:

• A nominal tax rate of 15%.
• An 80% partial exemption on certain income sources (dividends, interest, royalties, financial services profits), reducing the effective tax rate to 3%–3.4% (including the 2% Climate Levy, if applicable).
• No withholding tax on dividends, interest, or royalties.
• No capital gains tax.
• No restrictions on foreign currencies.

This tax framework is reinforced by Mauritius’ extensive network of tax treaties, a major advantage for international groups.

4. Regulatory and compliance obligations

To retain its license and benefits, a GBC must meet specific obligations:

• Appoint at least two resident directors in Mauritius.
• Maintain a local bank account.
• Hold board meetings in Mauritius.
• Have a registered office in Mauritius.
• File audited annual financial statements with the FSC.
• Comply with economic substance rules, demonstrating that the company’s effective management takes place in Mauritius.

5. Possible Activities for a GBC

A GBC can engage in a wide range of international activities, such as:

• Cross-border trade and distribution
• Fund management
• Financial or professional services
• Asset holding and management
• Structured financing operations

Certain activities (banking, insurance, regulated financial services) require additional licenses issued by financial authorities.

6. Setting up a GBC in Mauritius

The incorporation of a GBC involves three main stages:

Onboarding and due diligence

• Collection and verification of legal and financial documents
• Project analysis to ensure regulatory compliance

Company incorporation

• Registration with the Registrar of Companies
• Drafting of the Constitution tailored to the company’s needs

Obtaining the GBC license

• Submission of the application to the FSC for approval
• Implementation of regulatory obligations (directors, registered office, audits)

Important: The law requires that all procedures be carried out through a licensed Management Company and a company secretary.

7. Differences between a GBC and other structures

Mauritius offers other legal forms suited to investors’ needs:

• Domestic Company: for businesses operating mainly in Mauritius.
• Authorised Company: for foreign investors wishing to conduct activities exclusively outside Mauritius and who are not considered Mauritian tax residents.

The choice of structure depends on your strategy, target markets, and tax objectives.

8. Why choose C&S Secretarial Services to create your GBC?

With proven expertise and a reliable network of partners, C&S Secretarial Services supports clients at every stage of creating and managing a GBC. Our services include:

• Liaising with the Registrar of Companies and the FSC
• Drafting the Constitution and legal documents
• Appointment of directors and provision of a registered office address
• Managing regulatory and administrative obligations
• Organizing board meetings and drafting minutes
• Assistance with opening bank accounts and setting up audits

Our goal is to make your process smooth, compliant, and efficient so that you can focus on your international operations.

In conclusion

The Global Business Company (GBC) is a powerful vehicle for international investors and entrepreneurs seeking to leverage Mauritius as a gateway to global opportunities. It brings together attractive tax benefits, a robust regulatory framework, and seamless access to international markets.

With C&S Secretarial Services as your partner, you gain expert guidance at every step, from incorporation to the day-to-day management of your company, ensuring a smooth and compliant business journey.

Get in touch with C&S Secretarial Services today and set up your GBC in Mauritius with a partner who knows the regulatory and tax landscape inside out.

L’article Global Business Company (GBC) in Mauritius est apparu en premier sur C&S Secretarial Services.

If you are looking to centralise, structure, or streamline international financial flows, why not set up a GBC in Mauritius? This strategy can often help reduce a group’s overall tax burden while ensuring full compliance. But to benefit from these DTAs, it’s essential to understand the eligibility requirements, the types of income covered, and how Mauritius’ tax system interacts with these treaties. C&S Secretarial Services gives you an insight.

What are Double Taxation Avoidance Agreements (DTA) for?

A Double Taxation Avoidance Agreement is a bilateral treaty between two countries aimed at preventing the same income from being taxed twice: once in the country of origin (at source) and again in the country of residence of the income’s beneficiary. DTAs aim to:

• Clearly define which country has taxing rights over specific types of income;
• Reduce or eliminate withholding taxes on dividends, interest, and royalties;
• Provide a tax credit or exemption for income already taxed abroad;
• Set up mechanisms to resolve tax disputes.

For a Mauritian GBC, DTAs play a key role. They allow cross-border income flows to be structured in a tax-efficient manner, while ensuring clarity and security for the tax authorities involved.

Mauritius’ tax treaty network

Mauritius has signed more than 45 tax treaties with countries across Africa, Asia, Europe, and the Middle East. Key jurisdictions include:

• Europe: France, Luxembourg, Germany, United Kingdom, Italy, Belgium, Malta, Sweden.
• Asia: India, China, Singapore, Malaysia, Pakistan.
• Africa: South Africa, Kenya, Nigeria, Uganda, Ghana, Senegal, Zambia.
• Middle East: United Arab Emirates, Qatar.

This network enables GBCs to structure investments and financial flows from a central hub while accessing multiple international markets in a secure and tax-efficient manner.

How can a GBC access DTA benefits?

To benefit from a tax treaty, a GBC must meet four cumulative conditions:

1. Valid GBC licence

The company must hold a GBC licence issued by the Financial Services Commission (FSC), the regulator of Mauritius’ non-banking financial sector.

2. Tax residency in Mauritius

The GBC must be considered a tax resident in Mauritius, meaning its place of effective management must be in the country. This includes:

• Having at least two directors who reside in Mauritius;
• Holding strategic meetings locally;
• Making key decisions within the territory.

3. Obtaining a Tax Residence Certificate (TRC)

This certificate is issued by the Mauritius Revenue Authority (MRA) and is essential to activate a tax treaty and prove residency to foreign tax authorities.

4. Demonstrating economic substance

The GBC must show that it carries out real economic activity in Mauritius. This includes:

• Local operational expenses (e.g. salaries, rent, service providers);
• Human and/or administrative resources based in Mauritius;
• Evidence of a functional link between its business activity and Mauritius.

These substance requirements align with OECD’s BEPS (Base Erosion and Profit Shifting) standards and the EU’s efforts to combat tax base erosion.

What types of income are covered by DTAs?

DTAs can help reduce taxes on three main categories of international income: dividends, interest, and royalties.

Dividends

Dividends received by a GBC from subsidiaries located in treaty-signing countries may benefit from:

• Reduced withholding tax (often down to 0%, 5%, or 10%);
• An effective tax rate of 3% in Mauritius, thanks to partial tax credit mechanisms.

Example: Without a DTA, India applies a 20% withholding tax on dividends. With the Mauritius–India DTA, this rate can be reduced to 5%, subject to holding conditions.

Interest

Interest earned from loans granted by a GBC to foreign entities can benefit from:

• Lower withholding tax rates in the borrower’s country;
• A 3% tax rate in Mauritius on net interest income.

Royalties

If the GBC owns patents, trademarks, or software, royalties can be routed through Mauritius to:

• Reduce tax in the source country;
• Repatriate income to Mauritius at a reduced rate.

These types of income fall under high value-added activities, which are subject to strict substance requirements.

Real-world examples of GBC structures in Mauritius

A Pan-European Investment Holding

A GBC-registered holding company in Mauritius holds stakes in subsidiaries in France, Germany, and the UK. With the help of DTAs:

• Dividends are repatriated with lower withholding tax (5–15%);
• The company pays an effective 3% tax rate in Mauritius;
• A second round of tax on these earnings is avoided.

An Intra-Group Financing Company

A GBC lends at preferential rates to sister companies in Kenya and South Africa. This setup:

• Enables interest income to be taxed minimally or not at all in the source countries (thanks to DTAs);
• Benefits from light tax treatment in Mauritius;
• Centralises financing in a well-regulated, reputable jurisdiction.

What to avoid: Artificial structures

Tax treaties are designed to avoid double taxation, not to create double non-taxation. A GBC that does not meet substance requirements or is perceived as a shell company may:

• Have its TRC challenged;
• Be denied DTA benefits;
• Face tax adjustments in the source country

The “beneficial ownership” test is also key. A GBC must have genuine control and economic ownership of the income, not just act as a pass-through entity.

C&S Secretarial Services’ expertise

Structuring financial flows through a GBC requires tailored support. C&S Secretarial Services, based in Ebène, offers a multidisciplinary team of experienced professionals,including lawyers, tax advisors, and corporate administrators.

C&S Secretarial Services’ services include:

Reviewing relevant tax treaties based on your sector and country of residence;

• Setting up your GBC in 48 hours and securing the FSC licence;
• Applying for the TRC from the MRA;
• Ensuring compliance with economic substance and local governance requirements;
• Providing full administrative support, including bookkeeping, tax filings, audits, and annual obligations.

The firm is led by Anjela Sonya Mohadeb, a lawyer (LLB – Newcastle University) and ICSA member, and Shyam Mohadeb, Chartered Accountant and former PwC Partner. Their combined expertise ensures a strategic, secure approach aligned with partner jurisdictions’ expectations.

In conclusion

Mauritius’ Double Taxation Avoidance Agreements offer strong tax planning opportunities for GBCs, provided they comply with residency, substance, and transparency requirements. Used strategically, these agreements can lower overall tax costs, increase the profitability of cross-border investments, and ensure full alignment with OECD standards.
Get in touch with C&S Secretarial Services for expert guidance on structuring your business in Mauritius.

L’article Double Taxation Avoidance Agreements in Mauritius: Make the most of advantageous fiscal incentives! est apparu en premier sur C&S Secretarial Services.

In Mauritius, Global Business Companies (GBCs) offer a strategic solution for entrepreneurs and investors focused on international markets. Backed by a competitive tax regime and strong regulatory oversight, this legal structure has long attracted businesses seeking a reliable base in the heart of the Indian Ocean.

C&S Secretarial Services is one of the leading firms in the structuring of such companies and is now considered a key partner. With an experienced team and a strong focus on compliance, the firm supports clients in the setup, management, and regulatory monitoring of their GBCs.

What is a Global Business Company?

A Global Business Company (GBC) is a company registered in Mauritius that mainly operates internationally. It is governed by the Companies Act of 2001 and must obtain a licence from the Financial Services Commission (FSC).

As a tax resident in Mauritius, a GBC can benefit from the country’s network of Double Taxation Avoidance Agreements (DTA) signed with over 40 jurisdictions. It is commonly used for:

• Investment fund management;
• Cross-border financial services;
• International trade;
• Holding assets or equity stakes;
• Intellectual property and licence management.

A strong and reputable regulatory framework

Unlike some jurisdictions considered non-cooperative, Mauritius has implemented transparency and compliance requirements that are recognised internationally. To maintain its GBC status, a company must:

• Have at least two directors residing in Mauritius;
• Demonstrate that effective management is conducted locally;
• Meet all accounting and tax obligations (bookkeeping, audits, filings);
• Maintain sufficient economic substance in Mauritius.

A GBC must therefore have a genuine presence in Mauritius, which strengthens its credibility with banks, investors, and international tax authorities.

What are the tax benefits of GBCs?

The standard corporate tax rate in Mauritius is 15%, but GBCs can benefit from an 80% partial tax credit on certain types of income, effectively bringing the rate down to 3%. This applies to:

• Foreign-source dividends;
• Interest income;
• Royalties;
• Income from regulated activities.

GBCs are also exempt from withholding tax on dividends paid abroad, and Mauritius does not impose any wealth tax or capital gains tax.

Why choose Mauritius to set up an international company?

Mauritius offers a stable legal environment, competitive tax system, and a wide network of bilateral tax treaties. English is the language of business and law, and international jurisdictions increasingly recognise the credibility of Mauritius as a financial hub. Key advantages include:

• Access to African, Asian, and European markets;
• A transparent regulatory framework aligned with OECD standards;
• A solid banking system with the option to open multi-currency accounts;
• Advanced digital infrastructure ideal for remote operations.

Who should consider a GBC?

GBCs are suited for foreign investors, entrepreneurs, multinational companies, or asset managers looking to conduct international business from a strategic location. They are particularly relevant for:

• Regional or global holding companies;
• Investment funds;
• Family offices;
• Consulting firms operating in multiple jurisdictions;
• International digital service providers.

How to set up a GBC in Mauritius

A GBC must be incorporated through a Management Company licensed by the FSC, such as C&S Secretarial Services. The firm plays a central role in the setup process:

• Analysing the project and selecting the right structure;
• Preparing the company’s constitution and legal documents;
• Registering with the Registrar of Companies;
• Submitting the GBC licence application to the FSC;
• Opening the company’s business bank account;
• Ensuring compliance with substance and governance rules.

With C&S Secretarial Services, the setup process can be completed in just 48 hours, depending on the project and the documents provided.

GBC vs Authorised Company: Understanding the difference

Mauritius also offers the Authorised Company structure, designed for entities whose management and income are generated outside Mauritius. Unlike a GBC:

• An Authorised Company is not a tax resident;
• It does not benefit from DTAs;
• It is subject to lighter accounting obligations;
• It is more suitable for passive holding companies or certain family structures.

Choosing between a GBC and an Authorised Company depends on the strategic, tax, and operational goals of the project owner.

Economic substance: A core requirement

Since 2019, the OECD and the European Union have reinforced the need for economic substance. Every GBC must demonstrate real activity in Mauritius, through:

• Local operational expenses;
• Hiring local staff;
• Active management by Mauritian directors.

This requirement ensures Mauritius is not used as a simple mailbox address for shell companies.

Why work with C&S Secretarial Services?

C&S Secretarial Services is a trusted provider of corporate secretarial services in Mauritius. The firm offers tailored support to investors who choose to work with them, including:

• Company formation (GBC, Domestic Company, Authorised Company);
• Ongoing administrative and legal services;
• Continuous regulatory compliance (FSC, MRA, ROC);
• Structuring advice aligned with tax and legal objectives.

The C&S team is made up of seasoned professionals, including Chartered Accountants, ICSA members, and experts from the local banking and fiduciary sectors.

Recognised expertise

• Best Corporate Secretarial Services Firm – Mauritius, 2023
• Finalist – WIA 54 Program, 2021

The firm is led by Anjela Sonya Mohadeb (LLB, Chartered Governance Institute) and Shyam Mohadeb (former PwC Partner), who bring strategic insight and an extensive network to benefit their clients.

Get in touch with C&S Secretarial Services to set up your GBC in Mauritius

If you’re looking to set up a compliant and efficient GBC aligned with your international growth goals, get in touch with C&S Secretarial Services. Their team will provide fast, tailored support to meet both local and international requirements.

L’article Everything you need to know about GBCs in Mauritius est apparu en premier sur C&S Secretarial Services.