As from 01 January 2019, Mauritius Category Two Global Business Licence (“GBC2”) companies will no longer be licensed by the Mauritius Financial Services Commission. GBC2 companies licensed on or before 16 October 2017 will be grandfathered up to 30 June 2021 and those licensed after 16 October 2017 will be grandfathered up to 31 December 2018.

After 31 December 2018 or 30 June 2021 as applicable, GBC2 licences will lapse and companies will need to comply with the prescribed requirements for Global Business Licence issued by the FSC.

An Authorised Company will be conducting business and having their place of effective management outside of Mauritius. The Authorised Company is not tax resident in Mauritius and does not benefit from the country’s Double Taxation Avoidance Agreements (tax treaties). However, they are required to submit tax returns to the Mauritius Revenue Authority (MRA) and are subject to tax on income from Mauritius sources along with being required to contribute to Corporate Social Responsibility Fund.

An Authorised Company will be exempted from local corporation tax, can have corporate Shareholders, Directors or Secretaries and meetings can be held anywhere in the world, amongst others.

The Authorised Company is generally used for:

• ​Management and consultancy
• Investment Holding
• Special Purpose Vehicle (SPV)
• International trade
• Trading activities
• E-Commerce
• Ship/aircraft management
• Property Holding
• Marketing
• IT Services
• Logistics