Post by account_disabled on Jan 9, 2024 4:16:34 GMT -5
One of the major benefits is that these types of companies are tax resident of the country and got the access into the double taxation avoidance treaty network. Again, this company does not have to pay tax on capital gain or withholding tax. Additionally, the dividends that should pay by the GBC1 are not subject to taxation and the royalties that should pay to non-resident are exempt. Requirements To Setup GBC 1 Mauritius GBC 1 has to fulfill following requirements for obtaining the license from Mauritius financial service commission. These are, The company should have at least two directors and the directors of the company must reside inside Mauritius. The company should have and maintain a principal bank account inside Mauritius. records of all times at the registered office in Mauritius and the yearly records need to be submitting at financial service commission office. Financial statements are required to be audited by the authorize auditor.
Provide meetings with all the directors, including the directors who are residing in Mauritius. The Registration Process For GBC 1 Mauritius For registering and obtaining the license for (Global Business Company) GBC 1 Mauritius, one should submit the following documents. If the applicant is an individual - the copy of passport and the proof of residential address If the applicant is a corporate body – certificate of incorporation, memorandum and articles of association, board resolution document with the proposed business plan of the company. Please Fax Lists note that, the presence of directors and shareholders are not mandatory for forming up the GBC 1 Company Also, note that all the submitted documents should be in English or officially translated English format. The application must be submitted through a properly licensed management company and the application must contain the prescribe license and processing fees.
Additionally, a lawyer must provide a certification letter stating that all the information in the application is complying with the company’s act of Mauritius. Any corporate entities may apply for GBC 1 and additionally, the trust and partnership, both public and private company in Mauritius and foreign companies may apply for GBC 1. After submitting the documents, the commission accesses the documents and may ask for more documents if required. Generally, it takes a few days to complete the incorporation process of GBC 1 Company. However, if the compliance department of the commission asks for more documents then it might take a few more additional days for incorporating the GBC 1 Mauritius. The applicant should also proceed for two other important steps of registration and these are the name approval of the company and company registration.
Provide meetings with all the directors, including the directors who are residing in Mauritius. The Registration Process For GBC 1 Mauritius For registering and obtaining the license for (Global Business Company) GBC 1 Mauritius, one should submit the following documents. If the applicant is an individual - the copy of passport and the proof of residential address If the applicant is a corporate body – certificate of incorporation, memorandum and articles of association, board resolution document with the proposed business plan of the company. Please Fax Lists note that, the presence of directors and shareholders are not mandatory for forming up the GBC 1 Company Also, note that all the submitted documents should be in English or officially translated English format. The application must be submitted through a properly licensed management company and the application must contain the prescribe license and processing fees.
Additionally, a lawyer must provide a certification letter stating that all the information in the application is complying with the company’s act of Mauritius. Any corporate entities may apply for GBC 1 and additionally, the trust and partnership, both public and private company in Mauritius and foreign companies may apply for GBC 1. After submitting the documents, the commission accesses the documents and may ask for more documents if required. Generally, it takes a few days to complete the incorporation process of GBC 1 Company. However, if the compliance department of the commission asks for more documents then it might take a few more additional days for incorporating the GBC 1 Mauritius. The applicant should also proceed for two other important steps of registration and these are the name approval of the company and company registration.