Global Business License Company - Category 1 (GBL1)

General Information

•  Type of Company - Private and Public Company
• Legislation - Common Law
• Company name - Non-English names are allowed
• Time-scale for incorporation - 1-2 weeks
• Change in domicile is permitted
• Double tax treaties - with 33 countries
• Shelf companies are not available
• Taxation on profits - 3% 

Local Requirements

• Registered office is required
• Company secretary and local secretary are required
• Local directors are required
• The location of meetings must be Mauritius
• Public recording of directors and shareholders is not required 

Corporate Requirements

• Minimum number of shareholders - One (1)
• Minimum number of directors - Two (2)
• Usual authorised capital - None (concept of stated capital)
• Standard currency of share capital - USD
• Minimum paid up share capital - USD1.00

Annual Requirements

• It is a requirement to prepare and file accounts
• There is a requirement for audited accounts
• It is not a requirement to file annual return
• It is not a requirement to have publicly accessible accounts
• The minimum government fees are USD1,730