Global Business Companies (GBCs) are legal entities incorporated in Mauritius that conduct business primarily outside of Mauritius. The GBC structure provides a range of benefits, including tax advantages, confidentiality, and access to a wide network of Double Taxation Avoidance Treaties (DTAA). Mauritius is a preferred jurisdiction for global businesses, particularly those seeking to operate in Africa, India, and Asia.
At Bahati, we specialize in the management of both GBC 1 and GBC 2 companies. Whether you’re looking to migrate your existing GBC or incorporate a new one, our expert team is ready to guide you through the process.
What are the Types of GBCs?Mauritius offers two types of Global Business Companies, each designed for different purposes and activities:
1. GBC 1 (Global Business Corporation)?A GBC 2 (now referred to as an "Authorised Company") is a simpler and more cost-effective structure designed for businesses that conduct most of their activities outside of Mauritius. GBC 2 companies are non-tax resident and are not eligible for tax treaties but offer greater confidentiality.
- Non-tax resident status: No access to tax treaties.
- Limited Reporting Requirements: GBC 2 companies have fewer compliance and reporting obligations compared to GBC 1.
- Anonymity: Shareholder details are not disclosed in public registers, providing a higher level of confidentiality.
- Ideal for international trading, investment holding, and invoicing activities conducted outside of Mauritius.
- Cost-efficient for businesses that do not require tax residency.
- Greater privacy and confidentiality for shareholders and beneficial owners.
A GBC 2 (now referred to as an "Authorised Company") is a simpler and more cost-effective structure designed for businesses that conduct most of their activities outside of Mauritius. GBC 2 companies are non-tax resident and are not eligible for tax treaties but offer greater confidentiality.
- Non-tax resident status: No access to tax treaties.
- Limited Reporting Requirements: (GBC 2 companies have fewer compliance and reporting obligations compared to GBC 1.
- Anonymity: Shareholder details are not disclosed in public registers, providing a higher level of confidentiality.
- Ideal for nternational trading, investment holding, and invoicing activities conducted outside of Mauritius.
- Cost-efficient for businesses that do not require tax residency.
- Greater privacy and confidentiality for shareholders and beneficial owners.
Average Costs of Setting Up and Maintaining a GBC
The costs associated with setting up and maintaining a GBC depend on the type of company and the services required. Below is a general breakdown of the average costs:
GBC 1 (Global Business Corporation)
- Incorporation Costs:as from USD 3,000
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Annual Fees:
- Regulatory fees: as from USD 1,500o(depending on business activities).
- Management and Compliance: as from USD 12,000 annually (based on substance requirements such as directors, office space, and audits).
GBC 2 (Authorised Company)
- Incorporation Costs:as from USD 2,000
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Annual Fees:
- Regulatory fees: Approx. USD 1,000
- Management and Compliance: as from USD 12,000 annually (lower due to fewer reporting and compliance requirements).
Why Choose Bahati for GBC Management?
At Bahati, we provide end-to-end GBC management services to ensure that your company is fully compliant with Mauritian regulations while benefiting from the country’s favorable business environment.
- Company Incorporation: Full assistance with GBC 1 or GBC 2 incorporation.
- Ongoing Compliance: We ensure all statutory filings, tax submissions, and compliance requirements are met.
- Corporate Secretarial Services: Full support with maintaining corporate governance and organizing board meetings.
- Substance and Residency: Assistance in meeting substance requirements for GBC 1, including resident directors, office space, and auditing.
If you have an existing GBC and would like to migrate it to Bahati for better management and compliance, please fill out the form below. We will contact you to initiate the migration process.
Migration Form:
If you are looking to incorporate a new GBC, Bahati is here to help. Choose from the following options:
Get in touch with one of our experts today to learn more about setting up a new GBC tailored to your needs.
Alternatively, fill out the form below, and one of our team members will call you back to discuss the next steps in setting up your GBC.