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A Company holding a Category 2 global business licence (Global Business Company 2) must be incorporated under the Companies Act 2001 as a private company, it must not conduct business with any Mauritian resident (a Mauritian resident cannot have any beneficial interest in the company) and must not conduct business in Mauritian Rupees.

A GBC 2 company can carry out the following business: Non-financial consultancy, IT services, logistics, marketing, shipping, ship management, non-financial trading, passive investment holding, one off transaction e.g. aircraft registration.

A GBC2 is ideally suited to holding and managing private assets. It has several distinguishing features:

• It is non-resident for tax purposes.
• It is not required to pay any duty, levy, charge or tax in respect of any property transferred to or by the company; shares, debt obligations or other securities of the company, the assets or activities of the company.
• There is no minimum capital requirement
• It can be incorporated with one director and one shareholder (no requirement for a resident director), both shareholders and directors can be bodies corporate.
• Shareholders and Directors meetings may be held in or outside of Mauritus and there is no requirement for a company secretary or for audited accounts.
• Records are not available to the public
• Use of DTAs (double tax agreements) is not possible
• Bearer shares are not allowed, no minimum share capital required

A Mauritian GBC 2 must have a resident registered agent and a local registered office. VA Global Business Limited can arrange this for you. The application for a Category 2 Global Business Licence has to be processed by a registered agent to the Financial Services commission, 'FSC'. The application should ideally identify the beneficial owner(s), otherwise the FSC will accept the names of the members, however the registered agent must have full details of the beneficial owner maintained at their registered office and this information must be made available to the FSC on request. The application is usually processed within 48hrs of submission.

The following details are required for VA Global Business Limited to be able to submit the application for you via our registered agent:

• Name of the proposed company
• The stated capital and par value of shares
• Full names and addresses of the directors
• Names and the addresses of the shareholders and the shareholding structure Proof of residential address of each director and shareholder
• A track record and a bank reference letter of each shareholder/beneficial owner
• Authenticated copies of the passports of each shareholder/beneficial owner and director

A Category 2 licensee may hold shares in another Category 2 licensee or a Category 1 licensee. It may not hold shares in a management company; it may not hold property in Mauritius and may not have a MUR bank account.

Please contact us for more details