A GBC2 is mainly used for trading and investment activities. A GBC2 is a tax exempt company. A GBC2 can carry out any activity other than banking, financial, fiduciary and Trusteeship services provided that the business is conducted outside Mauritius.
For the purpose of increasing substance, a GBC2 may be allowed by the FSC to conduct business in Mauritius if it can demonstrate that the overall group structure has strong economic impact in Mauritius, i.e., whether the proposal will generate revenue in Mauritius, and is likely to create employment in Mauritius or may impact on the development of the country.
Main features of GBC2