Introduction
A global business company ("GBC") is an entity
incorporated under the Companies Act 2001 of Mauritius. A global
business company is distinct from a domestic company and is
licensed by the Financial Services Commission of Mauritius (the
"FSC") for the purpose of carrying out business
activities generally outside Mauritius. Whilst the records of a
domestic company are publicly available for inspection, the records
of all GBCs are confidential and are not open to the public for
inspection.
There are two types of GBCs, those with a category 1 licence
("GBC1") and those with a category 2 licence
("GBC2"). A GBC can be formed as a company with limited
or unlimited life. It is common to have companies with limited
liability, such that the liability of a shareholder is limited to
any amount unpaid on the shares subscribed. A GBC can also be set
up as a protected cell company and have as many cells as desired,
with each cell having its assets and liabilities
