Section 73: Conduct of global business
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
73. Conduct of global business
(1) A resident corporation holding a Category 1 Global Business Licence
shall be held to be conducting business outside Mauritius in accordance with
section 71, notwithstanding the following dealings and transactions with
residents of Mauritius—
(a) opening and maintaining with a bank an account in Mauritius
currency for the purpose of its day to day transactions arising
from its ordinary operations in Mauritius;
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Revised Laws of Mauritius
(b) subject to the Non-Citizens (Property Restriction) Act, leasing,
holding, acquiring or disposing of an immovable property or any
interest in immovable property situated in Mauritius;
(c) investing in any securities listed on a securities exchange licensed under the Securities Act;
(d) opening and maintaining with a bank an account in foreign currency;
(e) holding any share, debenture, security or any interest in or otherwise dealing or transacting with a corporation holding a Global
Business Licence;
(f) entering into a business relationship with the holder of a Management Licence or a law practitioner, legal consultant, law firm
or a qualified auditor in Mauritius;
(g) employing staff resident in Mauritius.
(2) A corporation holding a Category 2 Global Business Licence shall be
held to be conducting business outside Mauritius notwithstanding acts done
under subsection (1) (c), (d), (e) and (f).
(3) Where a corporation holding a global headquarters administration licence or a global treasury activities licence provides services to its related
corporation which is located outside Mauritius or which holds a Global Business Licence, the corporation providing those services shall be deemed to be
conducting business outside Mauritius.
(4) The Commission may, in FSC Rules, make provision for the conduct of
global headquarters administration and global treasury activities in Mauritius.
[S. 73 amended by s. 7 (g) of Act 10 of 2010 w.e.f. 24 December 2010, s. 13 (d) of Act 27
of 2012 w.e.f. 21 December 2012; s, 24 (b) of Act 18 of 2016 w.e.f. 7 September 2016.]