Global Business Companies are regulated by the Mauritius Financial Services Commission. There are two types of Global Business companies namely the Category 1 Global Business Company ("GBC1") and the Category 2 Global Business Company ("GBC2")
Both types of entities offer the highest degree of confidentiality and the choice between the two types will depend on a number of factors like the proposed activities of the company and the geographical area of operation. Global Business Companies can undertake a wide range of activities ranging from investment holding (SPVs) to trading.
The GBC1 is resident for tax purposes in Mauritius and can thus avail itself of the benefits of the double taxation treaties signed by Mauritius. The GBC1 may conduct business in Mauritius provided that the majority of its transactions is done outside of Mauritius.
On the other hand, the GBC2 is tax exempt and cannot transact in Mauritius. The GBC 2 is typically used where no tax treaty benefits are sought.
