Table of Comparison between Global Business Company
and Authorised Company

FEATURES GBC AC
Registered Office
Mauritius
Mauritius
Place of Central Management & Control
Mauritius
Outside Mauritius
Economic Substance requirement in Mauritius
Yes
No
Core Income Generating Activities (CIGA) must be in Mauritius
Yes
Must be outside Mauritius
Minimum number of Directors
2
1
Corporate Directors allowed
No
Yes
Can all Directors be non-resident?
No (minimum 2 Resident)
Yes
Can all shareholders be non-resident?
Yes
Yes
Minimum Capital Requirement
None(a)
None
No par value shares
Allowed
Allowed
Annual General Meeting
Yes
Optional
Access to DTA benefits
Yes
No
Corporate Tax in Mauritius
0-15% (b)
Exempt
Corporate Social Responsibility Tax (CSR): 2%
Exempt
Exempt
VAT (15%) registration in Mauritius
Yes (c)
No
Resident Company Secretary
Yes
Not required
Management Company or Resident Agent required (resident in Mauritius)
Yes
Yes
Office or staff in Mauritius
Yes
No
Employ expatriates in Mauritius
Yes
No
Acquisition of immovable property in Mauritius
for office use (Upon Govt approval)
Yes
No
Auditor
Yes
Not Required
Filing of annual Audited Accounts
Yes
Annual Financial Summary only
Filing of Tax Return
Yes
Yes
Penalty for late filing of accounts (d)
Yes
Yes
Disclosure of ultimate beneficial owners to the regulator
Yes
Yes
Reporting under FATCA/CRS
Yes
Yes
Incorporation time (Full KYC documents should be provided
and application should be submitted)
About 2-3 weeks
About 1-2 weeks
 Notes
  1.  No minimum share capital except for specific sectors like banking, insurance, CIS, securities, funds,financial services, etc.

  2. Partial tax exemption of 80% on foreign sourced income as follows: foreign dividends, foreign interest, foreign Collective Funds, income from leasing of aircraft/ships, sale, financing arrangement, asset management of aircraft and its spare parts and aviation advisory services, insurance & reinsurance brokering and income from leasing and provision of international fiber capacity.

  3. AC is exempt from VAT.
    A GBC is not required to be VAT registered if all its activities are outside Mauritius. However, if a GBC has taxable supplies in Mauritius (standard and zero rated) and its total taxable supplies exceed the threshold of Rs6M annually, VAT registration is applicable.

  4. Statutory fine of USD 10/day for late filing until accounts are filed for GBC /AC.

  5. Annual Licence Fees for GBC and Authorised Company payable in June every year.