Global Business Licenses



A GBC1 is considered a tax resident in Mauritius and can benefit from the country’s double taxation treaties. Up to 31 December 2018, a GBC1 may claim a foreign tax credit in respect of the actual foreign tax suffered or 80% presumed foreign tax credit, whichever is higher. As such, a GBC1 has a maximum effective corporate tax rate of 3%.



As from 01 January 2019, GBC1 will be known as Global Business License and a partial exemption regime will be introduced whereby 80% of specified income will be exempted from income tax. The exemption will be granted to all companies in Mauritius, except banks, and shall apply to the following income – (i) foreign source dividends and profits attributable to a foreign permanent establishment; (ii) interest and royalties; and (iii) income from provision of specified financial services. Companies licensed by the Financial Services Commission, claiming the partial exemption, will have to satisfy pre-defined substantial activities requirement of the Commission.

Operational aspect of a GBL


The GBL is generally  used for:

•investment holding/SPV

•Trading activities

•Investment in listed securities



To qualify as tax resident in Mauritius, the GBL company must meet a number of criteria to show substance, including:

• It must be centrally managed and controlled from Mauritius;

• The core income generating activities of the GBL should be in or from Mauritius;

• The company must, at all times, have a minimum of two directors resident in Mauritius;

• All board meetings must be held and chaired from Mauritius; and

• The company’s principal bank account must be held in Mauritius.


In addition there are other requirements and we shall ensure that the GBL company is in compliance.

Level 12, Nexteracom Tower 2

Cybercity 72201


Republic of Mauritius

Tel: +230 460 0439

Fax: +230 489 2457

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© 2018-2020 - Ashton Financial Partners Ltd / BRN: C17148745 / Licensed by the Mauritius Financial Services Commission