Mauritius has had offshore business legislation  in place since 1992. It provides an environment for banks, insurance and reinsurance companies,  trading companies, ship owners and professionals to operate their business globally. There are two distinct classes of Global Business Companies that can be used according to Mauritius Offshore Business Activities Act.

Mauritius GBC names must end in one of the following words, or their relevant abbreviations – Limited, Corporation, Incorporated, Public Limited Company, Société Anonyme, Société Anonyme à Responsabilité Limitée, Sociedad Anónima, Berhad, Proprietary, Naamloze Vennootschap, Besloten Vennootschap, Aktiengesellschaft . The following names to be used, require licensing: assurance, bank, building society, Chamber of Commerce, chartered, co-operative, government, imperial, insurance, municipal, royal, state or trust or any name which in the opinion of the Registrar suggests the patronage of the President or the Government of Mauritius. Names denoting any connection to local, state or national Governments are generally prohibited. Names can be in any language which uses the Latin alphabet.

In order to incorporate a GBC in Mauritius, a Memorandum and Articles of Association must be filed with the Registrar of Companies. The application must be supported by a Legal Certificate issued by a local Lawyer certifying that local requirements have been complied with. Finally, directors and shareholders must execute consent forms and these must be filed with the Registrar of Companies. Companies holding a Category 2 Global Business License cannot trade within the Republic of Mauritius. The legislation is in English and French whilst documentation may be expressed in any language but must be accompanied by a certified English translation.

A Mauritius GBC2 must have a minimum of one shareholder, who may be a physical person or a body corporate.

There is no minimum capital requirement, although at least one share must be issued and paid up. The usual authorized share capital is US$ 50,000 with all of the shares having a par value. Registered shares and a variety of shares such as preferred, redeemable, and fractional are allowed. The par value of the share must be declared. Redeemable preference shares may be issued. Bearer shares are not permitted.

A GBC 2 must have at least one director, who may be a physical person or a body corporate. Directors can be of any nationality or residence, and may be the same persons as the shareholders. While details of directors and shareholders are filed with the Registrar of Companies, they are not open to the general public.

Every GBC must have a Registered Office in Mauritius, which must be located at the premises of a qualified lawyer, certified chartered accountant or licensed Management Company.The Mauritius GBC2 company is not required to have a secretary.