| Some outstanding
features and/or requirements |
GBC 1
Company |
GBC 2
Company |
| Local registered
- office
required |
Yes |
Yes |
| Bearer shares |
Not Allowed |
Not Allowed |
| Capital raising from
the public. Listing on the Stock Exchange of Mauritius.
|
Allowed |
Not Allowed |
| Access to double
taxation treaties benefits |
Yes |
No |
| Taxation |
15%, but the unilateral
foreign tax credit (80% of the tax rate) is applicable,
leaving the effective tax rate 3% |
Exempt (NO taxes) |
| Non-resident directors |
Allowed |
Allowed |
| Filing of annual
return |
No |
No |
| Filing of audited
accounts (to MOBAA only) required |
Yes |
Auditing of the accounts is not required. The company must file Balance Sheet and Profit & Loss accounts only. The accounts are not accessible to general public |
| Important notes |
1. Activities may
include raising capital from the public, banking,
insurance, management of a mutual fund, nominee or
trustee services.
2. GBC 1 companies are widely used for trading with
or investing in India |
GBC 2 is a more confidential
vehicle, but it's not allowed to raise capital from
the public or be used for provision of financial services to third parties (e.g. FOREX) |
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