Global Business Companies holding a Category 1 Licence (GBL 1) – A GBL 1 is a company incorporated in Mauritius and licensed by the Financial Services Commission (FSC) to conduct business with entities outside Mauritius. A GBL 1 is resident for tax purposes in Mauritius and is qualified to benefit from the Double Taxation Agreements (DTA) network of treaties in force (list found below) between Mauritius and numerous countries. Moreover there is no capital gains tax or withholding tax in Mauritius.

Potential Uses

GBL 1 companies, being tax residents, are the ideal vehicles for investment purposes as they will benefit from the extensive Double Taxation Treaty Network of Mauritius.

GBL 1 companies can also be used to hold intellectual property such as patents, copyrights and trademarks and to receive royalties.

GBL 1 companies can act as holding companies to benefit from reduced withholding taxes on payment of dividends and royalties in other countries. They may benefit from the absence of capital gains tax in Mauritius.

Suitable companies from other jurisdictions may be continued in Mauritius as GBL 1 companies.

Such Companies can act as holding companies or can be used for asset management, insurance and re-insurance or develop any of the activities expressly authorised by the law. The GBL 1 company is normally the preferred structure for establishing funds in Mauritius.

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