• It has been pleasure to be associated with VA Global Business for over 5 years.  Efficient and cost effective service has been their hallmark and we wish them all the very best for a great success ahead.    
    Author : Vipul R Kothari - Director
    Global Business Services JLT.
  • We find VA Global Business Limited helpful in meeting our requirement. People are always co-operative and understandable to our needs. In offshore busines environment it is always advisable to choose professional service from people with high integrity and good professional conduct and there is no doubt that VA Global Business Limited meets the requirements.  
    Author : Director
    Gagan Corporation Ltd
  • We have been a client of VA Global Business Limited for the incorporation and secretarial services of a Mauritius Offshore company since May 2006 and have been fully satisfied by the quality of their services. Incorporation was pretty straightforward with clear instructions for setting up the company as well as an off-shore bank account. They have proved to be trustworthy and responded swiftly to ...
    Author : Director
    Business Development Services Ltd
  • As a growing advisory firm in the region our company has been well served by VA Global Business since 2009. They have consistently provided sound advice in setting up business structures tailored to the needs of our company and assisting various ongoing administrative matters. Some of the activities that we have relied on VA Global to carry out for us include company registration, administration a...
    Author : Managing Director
    slEconomics Africa
  • VA Global was able to provide a step by step clear process for setting up the relevant structures in Mauritius, saving us days of research. All correspondence via e-mail and phone was professional with timely attention to all queries. Doing business across borders is only a success when there is a trusted partner on the other side
    Author : Director
    Twiga Limited
  • VA Global Ltd has been a great help to our business. They have consistently replied to any questions and queries we have had in a timely manner and have enabled our business to transition smoothly through a recent restructuring. We look forward to continuing to work with them in the future, and would recommend them to anyone who needs the administrative services that they are able to provide.
    Author : Director
    Amistad Ltd
  • We are in our fifth year of working with VA Global. Their standards of service are very high. We find them efficient, reliable and very accessible. VA Global offers you a personalised service par excellence!
    Author : Director
    Spectramax Ltd
  • Just a quick note to say thank you very much for an incredible working partnership. I must say I came along with the usual reservation that you have about whether the whole process of registering an offshore company (legal procedures, bank account opening...) will be smooth and rapid but you positively surprised me! As a private consultant, finding ways to save money for my clients is a priority a...
    Author : Lily Johns
    Private Consultant





This privacy policy sets out how VA Global Business Limited uses and protects any information that you give VA Global Business Limited when you use this website. VA Global Business Limited is committed to ensuring that your..... Read More

Global Business Company 1


A GBC 1 can be in the form of a Trust, Sociéte and Partnership. A Mauritius GBC 1 is governed by the Companies Act 2001 and regulated by the Financial Services Commission. A GBC 1 is considered to be tax resident in Mauritius and is subject to corporate tax at 15%. However, a GBC 1 may claim a foreign tax credit in respect of the actual foreign tax suffered or 80% presumed tax credit, whichever is higher and this brings about for a GBC 1 to have a maximum effective tax rate of 3%. Other tax advantages for GBC 1 in Mauritius are that there is no capital gains tax and also no withholding tax on dividends, interest and royalties paid. The expanding network of DTAs has further reinforced Mauritius as a tax efficient jurisdiction and is also one of the prime reasons explaining the growing investment in GBC 1. Activities commonly undertaken by a GBC 1 requiring no specialized license are Investment Holding, Trading and International Consultancy and it normally takes an average of 3-4 weeks to incorporate a GBC 1 with such standard activities.

Key Features of a Mauritius GBC 1


GBC 1 Special Features

Type of corporate vehicle

A public company
A private company
A foreign company (i.e. branch of a company established in a foreign jurisdiction)


Only 3% as corporate tax if well structured
Access to Double Taxation Avoidance Treaty
No withholding tax on dividends, interest and royalties paid
No Capital Gains tax


Needs to have at least 2 Resident Directors


One shareholder allowed
Corporate shareholder allowed

Company Secretary

Must at all times have the Management Company as Company Secretary


Must at all times have the Management Company as Registered Agent


All shareholders and directors meetings must be held from the company’s registered office address in Mauritius


May or may not have a constitution

Capital Requirement

No minimum capital requirement for GBC 1 not requiring any specialized license

Raising of Funds

May involve capital raising from public

Holding of shares

Must not hold shares, debenture, security or any interest in a local company

Immovable Property

May lease, hold, acquire or dispose of immovable property or any interest in immovable property situated in Mauritius


May open and maintain an account in Mauritian currency with a local bank May open and maintain with a bank an account in foreign currencies

Annual accounts

Required to file annual audited financial statements with the Financial Services Commission

Access to records

No publicly accessible record of shareholders, directors or beneficial owners.

Tax Resident Certificate

For tax residency purposes, a GBC 1 must be centrally managed and controlled from Mauritius. Tax Residency Certificate for a GBC 1 is issued by the Mauritius Revenue Authority and such a certificate is valid for a period of one year and can be renewed annually. To be eligible for a Tax Residency Certificate, a GBC 1 must satisfy certain conditions:

  • The Company shall at all times have at least two resident directors in Mauritius and the resident directors shall always be of appropriate calibre who can exercise independence of mind and judgement;
  • The company shall at all times maintain its principal bank account in Mauritius;
  • The Company shall at all times keep all its accounting records at its registered office in Mauritius;
  • The company shall prepare its statutory financial statements and cause such financial statements to be audited in Mauritius;
  • The company shall provide for meetings of directors to include at least 2 directors from Mauritius.

GBC 1 formation process:

The registration of a GBC 1 proposing to engage in standard activities like Investment Holding, International Consultancy or Trading and which does not require any other special license, normally takes about 2-3 weeks to be registered. Compared to a GBC 2 registration, that of a GBC 1 requires some more documentation but still the process remains easy to follow.

  • Decide a suitable name for your company. We offer free services to check the availability of company name
  • Submit VA Global registration form with general information of your contact details and proposed business.
  • After validating your registration, we send you a list of documents we’ll require for this process and start preparing corporate documentation along with other necessary registration procedure required for your company formation.
  • After the successful completion of all the procedures, our offshore consultant will provide you with your company’s: Certificate of Incorporation as issued by the Registrar of Companies, Category 1 Global Business Company License as issued by the Financial Services Commission Company Register with share certificates, First Minutes, Constitution (if applicable) and any other relevant document based on the type of your company.