The Global Headquarters Administration licence can open doors to businesses willing to operate from Mauritius
About the ‘Global Headquarters Administration’ Licence in Mauritius
The ‘Global Headquarters Administration’ licence (provided to a holding company incorporated in Mauritius) allows multinational companies to set up their regional administration, procurement and accounting offices within the Mauritius International Financial Centre (IFC). It also enables them to provide headquarter services to its subsidiaries operating in other countries:
- administration and general management;
- business planning,
- development and coordination; and
- economic and investment research and analysis.
We have helped another Africa-focused company in setting up its headquarters in Mauritius.
Click here to learn more.
The importance of the ‘Global Headquarters Administration’ Licence
An international mining company, with the help of international service provider Sunibel Corporate Services, has recently obtained the ‘Global Headquarters Administration’ (GHA) licence, the first issued for this category by the Financial Services Commission (FSC). The company now has its headquarters in Mauritius.
According to a senior person from the international mining company: “To be the first multinational corporation to obtain the ‘Global Headquarters Administration’ licence is a major success for our company in the achievement of our international expansion strategy. This would have been hardly achievable without the support from Sunibel Corporate Services. Their expertise, professionalism, rigour and precision are their greatest strengths and are deeply rooted in their values. Sunibel Corporate Services is an experienced and reliable international service provider for specialised licences.”
This development reinstates the importance of Mauritius as an International Financial Centre and jurisdiction of substance. Indeed, companies holding a GHA license are required to employ ten professionals with at least two at managerial level, and can easily benefit of the local bilingual (English and French) expertise. Companies operating within and from the Mauritius IFC also benefit from the island’s strong and diversified economy, bilateral and multilateral agreements that enable them to mitigate their business risks, hybrid legal system and system of good governance, reliable banking system, amongst others. GHA licensed companies also need to incur annual expenditures of MUR 5 million in Mauritius.
- The Global Headquarters Administration licence can open doors to businesses willing to operate from Mauritius
- Shareholder disputes: How disputes between joint shareholders affect your business and how to prevent them
- Mauritius ranks 13th in the World Bank’s 2020 Doing Business Report
- How to do business in times of economic uncertainty
- Mauritius, amongst the best offshore jurisdictions for company formation services