Effective from 1 January 2019 the Category 2 Global Business Licence will be abolished and replaced by Authorized Companies.Category 2 Global Business License formed on or prior to 16 October 2017 will be grandfathered up to 30 June 2021.
Salient characteristics of Authorised Companies:
Beneficial interest is held by a person who is not citizen of Mauritius;[n1]
Treated as a non-resident for tax purposes in Mauritius;
Conduct business activity outside of Mauritius;
Management and control outside of Mauritius;
An annual return of income must be filed within 6 months of its year end;
Apply to the FSC for an authorisation.
[n1]We have taken up this matter with the association here as the law says citizen but the budget presentation said non resident.