Sep 15 2014
There are two types of Global Business companies namely the Category 1 Global Business Company (“GBC1”) and the Category 2 Global Business Company (“GBC2”)
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 activities ranging from investments in Africa and other parts of the world to trading. While 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 GBC2 is tax exempt and is typically used where no tax treaty benefits are sought.
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