Substance Requirements

​

In order to issue a GBC License, the Mauritius FSC considers whether the company has substance in Mauritius through its management and control. The following substance requirements are considered:

​

• The Company shall have at least 2 directors, resident in Mauritius, 

• The Company shall maintain, at all times, its principal bank account in Mauritius, 

• The Company shall keep and maintain, at all times, its accounting records at its registered office in Mauritius, 

• The Company shall prepare its statutory financial statements and causes such financial statements to be audited in Mauritius,

• The Company shall provide for all meetings of directors to include at least 2 directors from Mauritius, and

• The Company must meet, at all times, the following additional pre-defined substance requirements:

  • carry out its core income generating activities in, or from, Mauritius, as required under the Mauritius Income Tax Act, as amended and this includes:

    • carrying out its core income generating activities in Mauritius

    • employing, either directly or indirectly, an adequate number of suitably qualified persons to conduct its core income generating activities, and

    • incurring a minimum expenditure proportional to its level of activities

• be managed and controlled from Mauritius, and

• be administered by the Management Company, Premier Financial Services Limited. 

​

Benefits

​

The Investment Dealer companies are particularly beneficial for Brokerage Houses operating worldwide since:

​

• Mauritius has the advantages of having a modern and flexible Securities Law.

• It issues clear Investment Dealer licenses within reasonable time, requires reasonable capital requirements, charges reasonable license fees and has a low tax rate.

• Mauritius is one of the best places to save on costs and at the same time, client can enjoy the array of service providers in the country.

​​