London Global Business Solutions Limited Ltd (LGBS) is a management company specialising in the provision of services in Mauritius and clients based overseas.  LGBS is duly licensed since 2005 by the Financial Services Commission. Over the years, we have established a reputation of being serious and a trusted Global Business partner. We have a diverse client base, involved in several industry sectors and across a number of emerging markets. We successfully implemented business solutions, taking into consideration the legal implications if any, in respect to the local laws for the setting up of corporate structures ranging from global Business Category 1 & 2, Trusts, Foundations and Special Purpose vehicles for specific projects.

TAX PLANNING

This type of company, usually known as a Global Business Category 1 (GBC 1)  is used for tax planning and structuring, with the aim of minimizing the overall effective taxation.
 

The company pays a low rate of tax (3%) on its profits and is situated in a jurisdiction where there are no withholding tax and no capital gains tax. By using the double tax avoidance treaties, it minimizes the overall taxation. Each solution needs to be structured according to the country where business is to be conducted, as well as the resident status of the beneficial owners.
 

What Is This For ?

• Tax Planning
• Tax Minimisation
• Repatriation of Profits by reducing the tax Liabilities

Advantages

• Low Rate of Tax ( maximum 3%)
• Mauritius Company pays tax at the rate of 15% with a deemed foreign tax credit of 80% which means effectively pays a maximum tax at the rate of 3%.However the recipient company can claim a credit of 15% as tax suffered.

PROPERTY HOLDING

This company is used for asset management and property holding. These properties can be immoveable ones such as a house, apartment, yacht, ship etc and moveable ones such as shares, bonds, rights, etc.
 

The company is exempted from taxation and is in a jurisdiction where there is no capital gains tax. It is a limited liability company, as its name implies. Ownership is confidential. Sale of a property for example, can only mean the sale of the company, which automatically avoids the element of transfer tax in the country where the property is situated.
 

What Is This For ?

• Property Holding
• Asset management
• Businessman looking for asset protection against potential liabilities

Advantages ?

• No Capital Gains Tax
• No tax on income (rental, capital, etc)
• Avoidance of double taxation
• Confidential vehicle
• Can avoid transfer tax in country where property is held
• Taxed only in resident state of beneficiaries

IMPORT & EXPORT

This company is designed to be used mainly by people engaged in import and export trading activities. The company is exempted from taxation, and hence adequate for repatriation of funds back to the beneficial owners’ country of residence. The net effect is taxation in only one state that is the domicile of residence. It is a limited liability company, which has as its name implies limited liability. Ownership is confidential. Back to back LC’s using local trading commercial bank provides leverage for capital contribution by promoters. With consideration to transfer pricing rules, this company can effectively be used for transfer pricing between the importing state and the exporting state.
 

What Is This For ?

• Traders
• Businessman importing and exporting from a country, other than his resident country.
• Businessman looking for asset protection against potential liabilities

Benefits

• Trade financed by LC, that is no capital contribution
• Tax minimisation
• Avoidance of double taxation
• Confidential vehicle
• Taxed only in resident state of beneficiaries.

ASSET PROTECTION TRUST

This is essentially a discretionary trust where the assets are placed to shelter them from potential future claims. These have increased in use in recent years with the rapid increase, primarily in the USA, of litigation against professional firms and the medical profession. This straight forward trust is set up to provide protection from any type of future claim, including creditors’ claims, claims in a divorce settlement and judgments. In order for this trust to provide the maximum level of protection, it needs to be an irrevocable discretionary trust. This means that the power to appoint any part of the trust fund will remain at the full discretion of the trustee. Depending on the proper law under which the trust is set up, the assets transferred into trust will be sheltered from any potential claim after a set number of years.
 

What Is This For ?

• Those who are at the front line and vulnerable to litigation claims
• Those who are involved in various business deals and who wish to
• Protect assets from the claims of creditors

Advantages

• Protects assets against creditor and divorce claims
• Can help reduce the taxable estate of the settlor
• Taxed only in resident state of beneficiaries

LIST OF SERVICES