Our range of services includes, amongst others:
GBL1 (Global Business Category 1 Company) company
Africa GBC 1 companies are governed by the Companies Act 2001 and are regulated by the Financial Services Commission.
A GBL 1 can be set up to carry out any legal global business activities or such financial business activities as may be approved by the Financial Services Commission. This may include asset management, licensing and franchising, aircraft financing and leasing, pension fund administration, captive insurance, logistics, marketing, treasury management, consultancy services and project management.
A GBL 1 is considered as tax resident in Africa and enjoys the benefits from the network of DTAs that Africa has ratified. The maximum effective tax rate of a GBL 1 company is 3%.
A GBL 1 is also eligible to apply for a Tax Residence Certificate (TRC) with the Africa Revenue Authority (MRA), to prove its residency in Africa.
The TRC is issued for a period of one year after which it may be renewed. To be tax resident, the company has to meet certain conditions to demonstrate that the “effective management and control” is in Africa.
Conditions to be met for Tax Residence Purposes
Company must meet at least one of the following criteria
Double Taxation Agreements
Africa has an extensive network of tax treaties with countries in Asia, Mauritius, Middle East and Europe.
|Ratified & in force||Awaiting Ratification||Treaties await signature||Treaties being negotiated|
|ASIA & CHINA||China||Vietnam|
|People’s Republic of Bangladesh|
|Middle East||Kuwait||Republic of Iran|
|State of Qatar|
|West Indies||Barbados||St. Kitts & Newis|
GBC2 (Global Business Category 2 Company)
GBC 2 companies are not resident for tax purposes, therefore do not pay any taxes and do not have access to Africa’s tax treaty network.
This type of vehicle is mostly used for investment holding and trading activities, due to its versatile and flexible characteristic period.
A GBC2 company must conduct business only with non-residents of Africa and in a currency other than the African currency.
The main features and requirements of the GBC 2 are:
These are financial structures whose activities consist the investment of funds in a portfolio of securities, financial assets, or real estate and whose operations is based on the principle of diversified of risks.
The Securities Act 2005 allows for the creation of the following type of funds:
Attractiveness of Mauritius
Key features of a Foundation
Why listing in Mauritius?
The Stock Exchange of Africa is responsible for the operation of Africa’s primary stock exchange in Africa. SEM has won for two consecutive years the “Most Innovative African Stock Exchange of the Year Award” at the Institutional Investment Summit and Index Series Awards organised by Africa investor, a leading international research and communication group, in collaboration with the New York Stock Exchange. SEM is one of the leading exchanges in Africa which operates a fully automated stock market infrastructure.
The SEM currently operates two markets
What advantages does listing offer you?
What are the main requirements for listing on the Official List of the SEM?
How can Anex Management Services Ltd help you?