🇲🇺 Mauritius (GBC)Company Establishment/Offshore Registration Highlights
Mauritius Global Business Company (GBC) is subject to a 15% corporate tax, with qualifying specific foreign source income eligible for an 80% partial exemption, resulting in an effective rate of about 3%, provided economic substance requirements are met. GBCs are commonly used for investments in Africa and Asia. From 2026/27, a minimum alternative tax will be introduced for specific industries (generally excluding GBCs). Rules may be adjusted; please refer to the latest announcements from Mauritius authorities (FSC/MRA).
| Common Company Types | GBC (Global Business Company) / Authorised Company |
|---|---|
| Corporate income tax | Standard rate 15%; certain foreign income may enjoy an 80% partial exemption, resulting in an effective rate of about 3%. |
| Estimated establishment costs | Approximately US$1,500–US$4,000 |
| Annual maintenance | Annual fee, management company, audit, registered address; must comply with substance requirements. |
| Substance/Reporting Requirements | Economic substance (partial tax exemption conditions), UBO, CRS; annual audit required. |
| Suitable for purpose | For investment holdings, funds, and IP in Africa/Asia. |
| Bank account opening | Assisted by a licensed management company, with strict KYC compliance. |
| Recent Changes | From 2026/27, AMT will be introduced for specific industries (GBC generally excluded). |
Key considerations
- An effective tax rate of approximately 3% is contingent upon 'meeting economic substance' requirements; those not meeting substance may not qualify for partial exemptions.
- GBCs must be managed by licensed management companies and possess local substance (directors, expenditures, etc.), with costs exceeding those of pure offshore entities.
- Home country CFC/substance taxation rules and treaty anti-abuse provisions may still apply.
General Process
- Apply for a GBC license and establish a company through a licensed management company.
- Arrange local directors, office, and economic substance.
- Register UBO and open a bank account.
- Annual audited financial statements and tax filings must be submitted in accordance with regulations.
Frequently Asked Questions
How is the 3% tax rate for Mauritius GBC derived?
The standard tax rate for GBCs is 15%, with certain offshore income qualifying for an 80% partial exemption under economic substance, resulting in an effective tax rate of approximately 3%; non-compliance with substance requirements will not be applicable, subject to official regulations.
Is a GBC required to have local substance?
To enjoy partial tax exemptions and treaty benefits, it is generally necessary to have local directors, offices, and expenditures; purely shell structures carry higher risks.
Official sources：Financial Services Commission (FSC) Mauritius · Data date：2026-06。This page serves as a neutral compilation of publicly available information for reference only, notTax / LegalRecommendations are based on the latest official announcements.