A Global Business Company holding a Category 2 License commonly referred to as a GBL2 or GBC2 is a private company which conducts business with persons all of whom are resident outside Mauritius and in a currency other than the Mauritian rupee. A GBC2 is a suitable vehicle for simple activities such as international consultancy and investment and property holding.
A GBC2 is deemed not to be resident in Mauritius and is therefore tax exempt. GBC2 not being resident for tax purposes eventually has no access to the network of Double Taxation Avoidance Treaties of Mauritius.
Permissible activities that may be carried on by a Category 2 Global Business company include:
- Non financial consultancy
- IT Services
- Shipping & Ship Management
- Import and Export
- Passive Investment Holding
- One off transaction using a Special Purpose Vehicle