Worldwide Business Centre Limited (WBC) is a Mauritian management company licensed by the Mauritian Financial Service Commission (FSC) to provide Mauritius Offshore Companies. WBC was established with the aim of providing company management services for Mauritian offshore companies such as Mauritius GBC 1, Mauritius GBC 2, Mauritius Re-domiciliation, Mauritius Global Funds, Mauritius Protected Cell and Trusts. We also provide you with services such as assistance to open your Mauritius offshore company bank accounts, provision of your Mauritius offshore Company Secretary and Company director, Accounts outsourcing, Bookkeeping and gaining residence permit in Mauritius.

We believe in high standards of business ethics with complete commitment to quality and we take great pride from the respect that we have earned from our clients. Since the inception our focus has been to meet client expectations and we strive to improve and expand our services everyday with the continuous input from our clients. Our team members are highly qualified and dedicated professionals, accomplished in their respective areas of expertise.

Select Mauritius GBC 1 Mauritius GBC 2 Mauritius Global Funds Mauritius Trust Mauritius Redomiciliation Mauritius Captive Insurance Protected Cell Companies Ship Registration Services

Mauritius offshore company

Worldwide Business Centre Limited offers quick and easy formation: Mauritius offshore GBC 1 (Mauritius Global business category 1) and Mauritius offshore GBC 2 (Mauritius Global business category 2). We can also form Mauritius offshore Trusts and Mauritius Protected Cell Companies. Worldwide Business Centre Limited also specializes in Mauritius offshore financial services and opening of Mauritius Bank Accounts in addition to providing corporate secretary and directors.

Mauritius GBC 1takes on average 2-3 weeks to be incorporated. A GBC 1 can elect to be qualified as a tax "resident" in Mauritius and thus benefit from the Double Taxation Agreement Network where Mauritius is a member. This offers significant opportunities for international tax planning.

Key Features

No minimum capital requirement / Can avail of the relief under DTAs in force in Mauritius / Allowed to employ expatriate staff / May be private or public company / Company may be limited by shares or unlimited or limited life company / Shares may be subscribed by nominees but beneficial owners must be disclosed / At least one shareholder and one resident director (can be a nominee) / Requirement for local registered office / Shares can be issued with or without a par value / Obligation to file annual audited accounts to the authority / Requirements for local resident secretary / Corporate directors are not allowed / Only registered shares are allowed.

Mauritius GBC2 takes on average 2 days to incorporate. A GBC 2 is better for holding and managing private assets as it provides better confidentiality by structuring the shareholding through nominee shareholders. The GBC 2 is non-resident for tax purposes and therefore is a tax exempt entity and cannot avail itself of the relief under the DTAs in force in Mauritius.

Key Features

No minimum capital requirement / Can be incorporated with one director and one shareholder /No need for resident director / Shareholders or directors can be natural persons or body corporate / Shareholders or directors meetings may be held in or outside Mauritius / Not required to appoint auditor or company secretary / Must have a resident agent (Offshore Management Company) / Must have a local registered office / Not required to submit audited accounts.

Mauritius offshore global business category 2 companies are similar to BVI or Belize IBCs where there are no taxes on any income generated and they are not allowed to work with Mauritian people or businesses with limited exceptions e.g. using a Mauritian bank.

Mauritius offshore Global Business Category 1 is very commonly used for investment in India due to the favorable tax treaty that exist between Mauritius and India. An Ordinary Mauritius company bears a Mauritius tax rate at 15%, Mauritius GBC 1 bears an effective Mauritius Tax rate at 3% while taking advantages of all the double tax treaties and Mauritius GBC 2 bears no Mauritius Tax at all.

Worldwide Business Centre Limited can help you with opening Bank Accounts in Mauritius hence helping you to deal with Mauritius Banking. Mauritius companies now have a very attractive Mauritius law on Mauritius business strengthening, Mauritius Investment and Mauritius Finance.

Mauritius Trust is an arrangement for the holding and administration of property under which property or legal rights are vested by the owner of the property (the Settlor) in a person or persons (the Trustees). The Trustees then hold the property for or on behalf of other persons (the Beneficiaries). It is essential that the transfer is gratuitous otherwise the transaction takes on the characteristics of some other legal entity. MAIN FEATURES OF MAURITIUS TRUSTS - Confidentiality of trustee' deliberations, identity of Settlor and Beneficiaries, Possibility to establish letters and memorandum of wishes, Anti forced heirship rules, Migration of Trust possible, Concept of managing and custodian trustee (up to four trustees), Charitable Trusts are exempt from tax. The proper law of the trust is the one chosen by the Settlor, or the one implied in the Trust Deed. If no law is chosen, the one which is most closely connected at the time of creation of the Trust will be treated as the proper law.

Mauritius Global Funds wwith the assistance of Worldwide Business Centre Limited. Mauritius is also an established offshore fund jurisdiction with an internationally recognised but pragmatic regulatory environment and extensive double tax treaty network making it a domicile of choice for offshore funds. As at 30 November 2007 there were 553 Global Funds in Mauritius with a Net Asset Value of US$ 49.467 billion.

India-focused global funds domiciled in Mauritius can avail tax benefits under the India-Mauritius Double Taxation Avoidance Agreement, which partly explains why Mauritius remains the largest source of Foreign Direct Investment (FDI) in India, accounting for USD10 billion of the USD25 billion FDI inflows into India from 2005 to 2007.

Captive Insurance Business with the assistance of Worldwide Business Centre Limited. The Financial Services Development Regulations 2001 lays out the framework to facilitate the establishment of captive insurance business. Applicants for captive insurance licenses are companies with a Category 1 Global Business License duly licensed by the Financial Services Commission. Captive Managers have been licensed to provide specialised services in the area of captive insurance.

Both pure captives and captives insuring second party and third party risk may be licensed. In the case of third party business the captive should demonstrate access to the necessary underwriting and analytical skills, financial soundness and a good track record. Full details of all programs to be underwritten must be submitted for approval to the Financial Services Commission. Rent-a-captive and cell captives are also permitted.

A captive insurance company must obtain a license to conduct captive business. The Captive Insurance Company may also have to appoint a licensed Management Company in Mauritius and a Principal Representative who will be accountable to the Commission.

The Protected Cell Company (PCC) Act 1999 came into force in January 2000. This legislation provides additional opportunities, flexibility and security for international investment structuring. The object of the legislation is to enable a company holding a Category 1 Global Business License, incorporated under the Financial Services Development Act 2001, to create cells within its capital for the purposes of segregating the assets within that cell from claims related to other assets. A PCC may issue cell shares in respect of different cells for the purpose of segregating protecting different assets, referred to as cellular assets.

The cellular assets attributed to a cell will only be affected by the liability of the company arising from transactions attributable to that cell. Further, a PCC may pay dividend, cellular dividend, in respect of which the cell shares by reference only to the cellular assets and liabilities attributable to the cell in respect of which the cell shares were issued.

Mauritius Redomiciliation Company - A Company incorporated under the laws of any country other than Mauritius, may, where it is so authorized by law of that country, apply to the Registrar to be registered as, and continue as, a company in Mauritius as if it has been incorporated in Mauritius.