Mauritius Global Business Corporation | Mauritius GBC Explained | Offshore Company Formation GBC

🌍 In this second episode of our five-part series on the Mauritius Global Business framework, we explore Mauritius Global Business Corporations (GBCs) (formerly referred to as Mauritius Global Business Company regarding Offshore Company Formation Mauritius), one of the most important institutional pillars under the Financial Services Act 2007 (FSA 2007).

🎯 A Mauritius Global Business Corporation (Mauritius GBC) represents a corporation licensed by the Financial Services Commission (FSC Mauritius) to conduct business primarily outside Mauritius. This video breaks down what a Mauritius GBC really is and how it operates.

🎬 Chapters:

00:00 – Disclaimer & Intro
01:23 – Agenda for Video Mauritius GBCs
03:57 – Mauritius GBC & GBL Series Road Map
04:58 – DISCLAIMER
05:35 – What is a Mauritius Global Business Corporation
09:10 – Mauritius Global Business Sector
11:11 – Global Business Corporation Mauritius
27:31 – Conduct of Mauritius Global Business
35:20 – FSC Mauritius Directions & Enforcement
43:21 – Mauritius GBL Validity for Mauritius GBCs
51:19 – FSC Mauritius Power of Inquiry
59:49 – Special Provisions for Mauritius GBCs
63:28 – DISCLAIMER
65:28 – Key Takeaways

📘 Here’s what we cover:

✅ 1. Meaning of a GBC (Section 2 – FSA 2007):

We start by defining a Mauritius Global Business Corporation and understanding how it differs from other resident entities in Mauritius. Section 2 defines a Mauritius GBC as any corporation holding a Mauritius Global Business License issued under Section 71. The Act also clarifies what constitutes a “corporation,” extending beyond companies to include trusts, sociétés, or partnerships.

✅ 2. Part X of the FSA 2007 – Mauritius Global Business Coverage:

We then move into the heart of Part X, which governs all aspects of global business operations, from licensing and conduct to compliance, inquiries, and special provisions.

✅ 3. Section 71 – Mauritius Global Business Corporation:

This section details how the FSC Mauritius issues a Mauritius Global Business License, the obligations of Mauritius GBCs (Offshore Company Formation Mauritius), and the role of management companies. It also outlines penalties for conducting global business without a valid Mauritius GBL.

✅ 4. Section 73 – Conduct of Mauritius Global Business:

We explore the limited dealings a Mauritius GBC may have with residents of Mauritius while still being considered as conducting business “outside Mauritius.” These include maintaining local bank accounts, leasing property & employing local staff.

✅ 5. Section 73A – Directions by the FSC Mauritius:

The Chief Executive of the Financial Services Commission Mauritius may issue binding directions where there is reason to believe a Mauritius Global Business Corporation (Mauritius Global Business Company) has contravened laws, engaged in improper conduct, or is involved in financial crime.

✅ 6. Section 74 – Validity of the Mauritius Global Business Licence:

We highlight how long a Mauritius GBL remains valid, the payment of annual fees, and the circumstances under which a licence may lapse, be suspended, reinstated, or revoked. The FSC Mauritius may revoke a licence to protect the integrity of the financial system or the public interest.

✅ 7. Section 75 – FSC Mauritius Power of Inquiry:

This section grants the Financial Services Commission Mauritius the authority to demand information, inspect records, and conduct inquiries into a Mauritius GBC operations where non-compliance or reputational risks are suspected.

✅ 8. Section 79 – Special Provisions for Mauritius GBCs:

We summarise the exceptions and regulatory flexibility available to Mauritius GBCs under FSC Mauritius Rules, including exemptions from certain Parts of the FSA 2007 unless they engage in financial services activities.

✅ 9. Conclusion & Key Takeaways:

Understanding the Mauritius Global Business Corporation framework is vital for investors, management companies, and compliance professionals. It ensures that activities are conducted lawfully, reputational risks are managed, and Mauritius remains a trusted international financial centre.

📊 Key Points Recap:

• A Mauritius GBC is a corporation licensed to operate mainly outside Mauritius.
• Mauritius GBCs are regulated under Part X of the Financial Services Act 2007.
• The FSC Mauritius oversees licensing, compliance & inquiry powers.
• A valid Global Business Licence is essential to maintain operations.
• The regime emphasizes substance, governance, and reputational integrity.

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#GlobalBusiness #Mauritius #FSCMauritius #MAURITIUSGBC #MauritiusFinance

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