Home / Licences / Global Business / GBC

Financial Services Act · FSC Mauritius

Mauritius Global Business Licence (GBL) / Global Business Corporation

A Global Business Licence is the principal Mauritius framework for a resident corporation conducting business principally outside Mauritius or with prescribed categories of persons. It is commonly used as the corporate platform for internationally focused FSC-regulated financial services businesses.

What a GBC is

A managed & controlled Mauritius platform

A resident corporation, managed and controlled from Mauritius, used as the corporate base for international business, investment, and FSC-regulated financial services activity.

What it is not

Not a shelf company or a licence in itself

A GBC is a corporate wrapper, not a regulated-activity licence. Where the business performs a regulated financial service, a separate FSC activity licence is required alongside the GBC.

Substance checklist

Regulatory Snapshot: Global Business LicenceFSC · Mauritius
Licence code
FS-4.1Global Business Licence
Core requirement
Core income-generating activities in or from Mauritius, where required under the Income Tax Act.
Management & control
The company must be managed and controlled from Mauritius.
Administration
The company must be administered by a Mauritius licensed Management Company.
Resident directors
At least two directors resident in Mauritius, of sufficient calibre to exercise independence of mind and judgement.
Banking / records / audit
Principal bank account in Mauritius; accounting records at registered office; statutory financial statements prepared and audited in Mauritius.
Board meetings
Director meetings should include at least two Mauritius directors.

When a GBC is used

  • As the Mauritius holding / operating structure for international business and investment.
  • As the corporate base for FSC-regulated activities such as Investment Dealer, Investment Adviser, PIS and certain fund / financial-services structures.
  • Where Mauritius management, control and economic substance are part of the intended structure.
Tax positioning. Mauritius companies are generally subject to corporate income tax at 15%. Certain categories of qualifying income may benefit from an 80% or 95% partial exemption, subject to the applicable statutory conditions, including core income-generating activities and adequate substance in Mauritius. Tax treatment should be assessed for the specific activity and facts.

How Ylexium advises

Structure, licence and substance, together.

Ylexium advises on whether a GBC is the correct structure, how it should sit within the client's group, what regulated activity licence is required, and what governance, management, staffing and operational substance the model needs. Incorporation and statutory administration are coordinated with a licensed Mauritius Management Company.

Discuss a Mauritius Structure

Ylexium will assess whether a Global Business Licence fits the intended activity, ownership and substance.