Statutory financial statements prepared and audited in Mauritius.<\/li>\n<\/ul>\nFor tax treaties, the true starting point is often the tax residency certificate. The FSC points out that a GBC1 can request a TRC, whereas an AC is designed with effective control and management outside Mauritius; it is generally inferred that an AC is not the most suitable vehicle for claiming a Mauritian double taxation treaty.<\/p>\n
FAQ on setting up a company in Mauritius<\/h2>\nWhat is the difference between a Global Business Company (GBC) and an Authorised Company in Mauritius?<\/h3>\n
The GBC is designed for a resident company that conducts its business outside Mauritius and accepts a stronger local substance, with a Management Company, resident directors, a main bank account in Mauritius, and accounting documents kept there. The AC is less restrictive regarding the residency of directors, but it must have a permanent registered agent, and its control and management must remain outside Mauritius. In practice, the GBC is often chosen when access to tax treaties is important; the AC is more suited to structures that are actually managed from abroad.<\/p>\n
How to create a Global Business Company (GBC) in Mauritius and obtain an FSC license?<\/h3>\n
The process begins with choosing the legal structure, followed by submitting the application through a Management Company licensed by the FSC. The authority verifies that the project passes the test of conducting business outside Mauritius. Next, the governance structure, bank accounts, and required substantive documents must be established. If the application seeks treaty benefits, the GBC1 can then apply for a Tax Residence Certificate from the MRA. In practice, preparing the application is just as important as the application itself.<\/p>\n
Can the Authorised Company access Mauritius' double taxation treaties?<\/h3>\n
Not automatically. The logic of tax treaties is based on tax residency, and the FSC specifies that it is the GBC1 that can request a Tax Residence Certificate to invoke a treaty. For its part, the MRA points out that ACs are generally treated as non-residents when they are centrally managed and controlled outside of Mauritius. It can therefore be inferred that an AC is generally not the appropriate vehicle for claiming a Mauritian treaty, except in cases of very specific analysis.<\/p>\n
What are the tax implications of a GBC in Mauritius and what is the effective tax rate?<\/h3>\n
The standard corporate tax rate in Mauritius is 15%. Certain categories of income then benefit from a partial exemption of 80% or 95%, subject to conditions, including the achievement of core income generating activities<\/em> In Mauritius, mathematically, this can lead to an effective rate of 3% under scheme 80% and 0.75% under scheme 95%, but only for eligible income and activities. Therefore, the type of cash flow concerned must be verified before announcing a rate.<\/p>\nWhat are the criteria for a Mauritian company to be considered a GBC or AC and what substance obligations apply?<\/h3>\n
For a GBC (General Business Corporation), the FSC (Financial Services Commission) requires a resident company that conducts its business outside Mauritius, with at least two resident directors, a principal bank account in Mauritius, records kept at the local registered office, and financial statements audited in Mauritius. For an AC (Accredited Company), the approach is different: the business and control must remain primarily outside Mauritius, with at least one director, a permanent registered agent, and, if necessary, a corporate director. The exact rules then depend on the specific case and the company's activities.<\/p>\n
And now ?<\/h2>\n
If you want to transform this framework into a concrete project, start by the homepage of EXPAT MAURITIUS<\/a> then also check the legal notices<\/a>. To move forward smoothly, the important thing is to start with your actual business activity, your level of substance, and whether or not you need access to tax treaties.<\/p>","protected":false},"excerpt":{"rendered":"Cr\u00e9er une soci\u00e9t\u00e9 \u00e0 l\u2019\u00cele Maurice demande un vrai choix de structure. Le sujet se joue surtout entre la Global Business Company (GBC) et l\u2019Authorised Company (AC), deux r\u00e9gimes distincts encadr\u00e9s par la FSC selon la r\u00e9sidence, la gestion et l\u2019activit\u00e9 vis\u00e9e. (fscmauritius.org) Et pour \u00e9viter une confusion fr\u00e9quente, la cat\u00e9gorie GBC2 n\u2019est plus d\u2019actualit\u00e9 […]<\/p>\n","protected":false},"author":1,"featured_media":824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/posts\/825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/comments?post=825"}],"version-history":[{"count":0,"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/posts\/825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/media\/824"}],"wp:attachment":[{"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/media?parent=825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/categories?post=825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/expat-mauritius.com\/en\/wp-json\/wp\/v2\/tags?post=825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}