Mauritius Company Limited by Guarantee:

The Company Limited by Guarantee (the hybrid Company Limited by Guarantee and Having Shares is no longer permitted), may be used only for a non-profit organisation. The liability of the members is limited to the amount they have undertaken to contribute to the company; there must be a minimum of MR 5,000 of guarantees.

Mauritius Public Company Limited by Shares

A public company is defined as one which is not a private company and which has at the end of its name the words 'Public Limited Company' or 'P.L.C.'. A public company must have a minimum of two members.

Offshore Legal and Tax Regimes for further details of the taxation regime for offshore companies. They pay an annual registration fee of $1,700 ($2,067 in the first year). Annual accounts must be filed, but the GBC1 company is exempted from the need to file an annual return.

GBC1 companies are suited to public financial operations such as fund management; for holding private assets, a GBC2 (International) Company or an Offshore Trust (see below) is more suitable.

Version date: 07.05.06