A resident corporation held or controlled by a person who is not
a citizen of Mauritius and is conducting business outside Mauritius
must now apply for a Global Business Licence.
Major reforms undertaken in Mauritius aim to enhance the
nation's competitiveness and transparency as a global financial
centre, in line with the OECD'S BEPS initiatives.
Changes announced in the Mauritius Budget Speech 2018-2019 and
implemented with the enactment of the Mauritius Finance
(Miscellaneous Provisions) Act 2018 (Finance Act) saw the previous
regime of Global Business Category 1 and 2 (GBC1, GBC2) Licences
abolished from 1 January 2019.
Let's dive into the changes in detail and what they mean for
corporations in Mauritius.
