Mauritius is strategically located in the Indian Ocean with a favourable time zone (GMT + 4) and a long history of free enterprise. Politically, Mauritius has the tradition of a democratically elected government and has enjoyed political stability for decades. Comprehensive legislation was introduced to pave the way for non-banking offshore activities, following the set up of the first offshore bank in August 1989. The Offshore Authority was set up in November 1992 which played a crucial role in establishing and developing the offshore sector at large. The Authority has adopted a professional and pragmatic regulatory approach by continuously improving on its services and guiding operators on enhancing the competitiveness of the Mauritius offshore jurisdiction. The Financial Services Act 2007 (FSA Act) also provides for the Financial Services Commission (FSC) to act as a one-stop-shop in all matters relating to Global Business.

Two sort of firms are incorporable in Mauritius : GBC2 or GBC1

Definition of both Mauritius GBC2 and GBC1 companies :

• Mauritius GBC2s are companies incorporated under the Companies Act 2001 with a category 2 Global Business Licence. GBC2 companies are designed for business outside of Mauritius and may not carry on business in Mauritius (subject to a number of statutory exceptions). GBC2s are commonly used for the holding / ownership of investments and assets ( real estate or shares or other property)commercial transactions and international trading operations, asset protection, consultancy companies.
• Mauritius GBC1s are companies incorporated under the Companies Act 2001 and licensed by the Mauritius Financial Services Commission.They are resident in Mauritius for taxation purposes and have access to Mauritius’ extensive double taxation avoidance treaty network provided they hold a Tax residence Certificate issued by the Mauritius Revenue Authority.