The Mauritian Global Business Sector has undergone key transformations following the National Budget 2018-2019 and recommendations made by the OECD, in line with the OECD’s BEPS initiatives.

Subject to grand fathering/a transitional period, the ‘GBC1’ is now known as a Global Business Licence (GBL). The Category 2 Global Business License (“GBC2”) structure has phased out and there has been the introduction of the Authorised Company regime.

An AC is typically used where no tax treaty benefits are sought. A company may be established in Mauritius as an AC subject to the following conditions being met:

  • Businesses should be conducted principally outside Mauritius.
  • The majority of shares or voting rights or the legal or beneficial interest in the company incorporated under the Companies Act are held or controlled by a person who is not a citizen of Mauritius.
  • Demonstrate that its place of effective management is outside Mauritius.
  • An AC must at all times have a registered agent in Mauritius, which must be a management company. It is treated as a non-resident for tax purposes in Mauritius, but shall be required to file an annual tax return with the Mauritius Revenue Authority and file a financial summary with the FSC.

The AC is able to carry out all the activities of the former GBC2 (essentially any activity except banking, financial services, investment funds, nominee, directorship, trusteeship services).

Fact Sheet – Authorised Companies

How SAB&T IFC can help?

  • Assistance with application to apply for an Authorised Company licence
  • Acting as Company Secretary and Registered Agent
  • Provision of directorship, company secretarial & administration services
  • Provision of accounting, tax and payroll services
  • Preparation and filing of the annual tax return with the MRA