What is a GBL company in Mauritius?

A GBL is tax resident in Mauritius and may apply for a Tax Residence Certificate (TRC) from the Director General of the MRA should this be required by the tax authorities in the jurisdiction in which the company is conducting its business.

What is a GBC company in Mauritius?

As defined under the Financial Services Act of Mauritius, a GBC is a company engaged in qualified global business and which is carried on from within Mauritius with persons all of whom are resident outside Mauritius and where business is conducted in a currency other than the Mauritian rupee.

What is a GBC 2?

Mauritius has two main types of company through which you can conduct international business – a GBC1 Company (Offshore Company) and a GBC2 (International Company).

How many management companies are there in Mauritius?

There are just short of 200 FSC-licensed management companies in Mauritius. The difficult task is to find the right one for your requirements, that balances cost, expertise and service. Some management companies are global with multiple offices around the world, and others are just focused on the Mauritian market.

What is the difference between GBC1 and GBC2?

A GBC1 may be a locally incorporated company or a branch of a foreign company and may be structured as a protected cell company, as an investment company, a fund or a limited partnership. A GBC2 is not considered resident in Mauritius for tax purposes and therefore is not liable to tax in Mauritius.

What is CSR in Mauritius?

CSR programme is defined in Section 2 of the ITA as a programme having as main objective to alleviate poverty, to relieve sickness or disability, to advance the education of vulnerable persons or to promote any other public object beneficial to the Mauritian Community.

Can a GBC conduct business in Mauritius?

A GBC 1 is tax resident in Mauritius and may apply for a Tax Residence Certificate from the Director General of the Mauritius Revenue Authority should this be required by the tax authorities in the jurisdiction in which the company is conducting its business. Click here for more information.

What is the difference between the global business corporation and the Authorised company?

Unlike a Global Business Company (which is another type of company that can be incorporated in Mauritius), an Authorised Company cannot benefit from the network of double taxation avoidance agreements (‘DTAA’) which Mauritius has in place with various countries.

What is a syndic fee?

The remuneration of a professional syndic includes: Contractual fees dedicated to operating expenses of the condo like for instance holding general assemblies, maintenance works which have not been voted during the general assembly.

What is Category 1 Global business License Mauritius?

Applying for a FS-4.1 Category 1 Global Business Licence A GBC 1 is tax resident in Mauritius and may apply for a Tax Residence Certificate from the Director General of the Mauritius Revenue Authority should this be required by the tax authorities in the jurisdiction in which the company is conducting its business.

How can I get CSR funding?

Map and understand the corporate donors in your area: Map the existing companies in your area. Start by understanding their profile, preferences and policies. Try to find out whether they are already undertaking some activities under CSR. And finally, fix a meeting with the CSR team or HR.

Is CSR mandatory in Mauritius?

Corporate bodies in Mauritius are required to operate a Corporate Social Responsibility (CSR) Fund in accordance with Section 50L of the Income Tax Act 1995 (ITA).

Is an Authorised company taxable in Mauritius?

An Authorised Company is not considered as tax resident in Mauritius and as such, its income is not subject to tax in Mauritius, unless such income is derived from Mauritius.

What is syndic mean?

Syndic (Late Latin: syndicus; Greek: σύνδικος, sýndikos – one who helps in a court of justice, an advocate, representative) is a term applied in certain countries to an officer of government with varying powers, and secondly to a representative or delegate of a university, institution or other corporation, entrusted …

What is a GBL1 company?

Business Licence (GBL1) is locally incorporated. or registered as a branch of a foreign Company. It conducts business strictly with non- residents of Mauritius and in foreign currencies.

Which companies are eligible for CSR?

Section 135(1) of the Act states that every company having the specified net worth, turnover, or net profits must establish a CSR committee.

Which company gives CSR?

National Thermal Power Corporation Ltd (NTPC) NTPC Limited (also known as National Thermal Power Corporation Limited) is an Indian Central Public Sector Undertaking (CPSU) under the Ministry of Power Government of India, engaged in the busin….

How is CSR calculated in Mauritius?

Every year, a company has to set up a CSR Fund equivalent to 2% of its chargeable income of the preceding year. At least 75% of the CSR Fund set up on or after 1 January 2019 should be remitted to the MRA.

How does CSR work in Mauritius?

As part of the legislation on Corporate Social Responsibility (CSR), all companies in Mauritius are required to contribute 2% of their after tax profit to support duly approved Non-Governmental Organisations (NGOs)/ bodies engaged in social welfare, sports, environment protection and various other areas.

What is the difference between the management company and the Authorised company?

While having its place of effective management abroad, an Authorised Company is also required to appoint a registered agent in Mauritius. A Management Company is specifically commissioned to act as permanently-registered agent, and is responsible for the administration of the company.