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GlobalServe Management Limited

is a technology driven, boutique Management Company, domiciled in Mauritius. It is licensed and regulated by the Mauritius Financial Services Commission.

About Us — Read More

About Us

GlobalServeManagement Limited is a Mauritius domiciled Management Company, regulated by the Financial Services Commission (FSC).

We adopt a technology driven and client centric approach, which helps us to provide a highly personalised, value-added service, that is cost effective because our implementation takes advantage of the latest technology.

Our product offerings include corporate structuring, outsourcing services, setup and administration of Funds, Trusts, Corporations, Holding Companies, Special Purpose Vehicles and High Net Worth Individual wealth solutions.

Our target clients include High Net Worth Individuals and Families, Corporations, Family Offices, Fund Managers and Advisers, Investment Funds and Institutional clients from various locations namely Africa, Asia, Europe and Middle East.

Our team consists of highly experienced professionals, having decades of exposure to various financial services sectors, across popular international financial centres. We are ready to provide best-in-class, tailor-made services in a timely manner, while still remaining competitively priced.

Our Differentiators

DEDICATED TEAM

The experience of our team spans over 20 years’
in the global business space, specifically the
Fund and Wealth Management industries.

COMPETITIVE FEES

Our philosophy is to support and grow with our clients. Our fees are competitive without any compromise to quality.

WORLD-CLASS SERVICE

We operate a client service model, supported by
technology, focusing on response time and
quality deliverables.

CONTINUOUS IMPROVEMENT

We invest heavily in training and technology to
develop our team and the quality of our services
to you.

SOLUTION ORIENTED APPROACH

We provide solutions fostering operational
efficiency and effectiveness along with ease of
implementation.

Our Services

Registration and Administration of Companies/ Funds/ Trusts and Foundations in Mauritius and in other offshore jurisdictions

Trusteeship Services

Registered Office Services

Back Office Services such as administration, investor relationship services, accounting, net asset value computation to local and foreign domiciled funds, corporate entities and trusts

Corporate Director and Nominee Shareholder Services

Company Secretary

Director services

Registered Agent

Accounting including Net Asset Value calculation & Payroll

Tax Compliance and Advisory

Regulatory Compliance

Banking Solution – Bank Account Opening for Individuals & Corporates

Application for Occupation Permit and Residence Permit for non-citizen

Approval for acquisition of Residential and Commercial Property

Winding up and Liquidation

Living in Mauritius

The Occupation Permit (OP) is a combined work and residence permit which allows foreign nationals to work and reside in Mauritius under specific categories namely:-

  • Professional including Young Professional and Family Occupation Permits;
  • Self-Employed; and
  • Investor including Investor for innovative start-ups.

Dependents of an OP holder may also apply for residence permit for a duration not exceeding that of the main holder.

The Permanent Residence Permit (PRP) is a 20-year residency, open to investors, retirees, professionals, self-employed entrepreneurs, and their family. This may be obtained under different conditions; and renewable for another 20 years, provided the residency requirements have been fulfilled.

Tourist Visa
A tourist visa is granted for a short period of leisure travel. Foreign nationals are granted tourist visa for a cumulative period of stay not exceeding 180 days in a calendar year.
The holder of a tourist visa can apply for a Premium Visa during his/her stay in Mauritius.

Premium Visa
The Premium Visa aims at encouraging foreign nationals to come for a long stay as a tourist, a retiree or a professional willing to come with his/her family and work remotely from Mauritius, in a COVID-safe destination. It allows a non-citizen to stay in Mauritius for a period of one year with an option to renew.  A premium visa is required for those who intend to stay in Mauritius for a period exceeding 180 days in a calendar year.

Long-stay Visa
Any non-citizen who has acquired an apartment in a ground plus two (2) complex (a building of at least two floors above ground floor), located outside of approved residential schemes, for a price exceeding   USD 500,000 or its equivalent in any convertible currencies will be eligible for a long stay visa.

A long stay visa allows a non-citizen and his dependents to stay for a consecutive period of 10 years, renewable depending on the status of ownership. It remains valid so long as the non-citizen holds the apartment.

Residence Permit under Retired Non-Citizen Scheme

A Retired Non-Citizen is a person who is not a citizen of Mauritius and aged 50 years or above.

Residence Permit as Retired Non-Citizen shall be issued for a maximum period of ten years, renewable thereafter as per established criteria.

A Retired Non-Citizen should make an initial transfer of at least USD 1,500 or its equivalent in freely convertible foreign currency to his/her local bank account in Mauritius.  Thereafter, the Retired Non-Citizen should transfer at least USD 1,500 monthly or the aggregate of at least USD 18,000 per year or its equivalent in freely convertible foreign currency during the 10 years’ validity of the residence permit.

Senior Living Residence

Projects being developed under the scheme (PDS for Senior Living) essentially refers to homes that cater to adults aged 50+ who are looking to live independently in a peer environment, and provide facilities for recreation and socialising, including a clubhouse, health club or gym, facility management services, focused on the needs of the elderly.

A non-citizen retiree, i.e. aged above 50 years, can acquire a residential unit or the life rights in respect of a residential unit in an approved project. Please click here to find out more.

Integrated Resort Scheme (IRS)

Residential estates developed under the IRS offer a wide variety of world class amenities for leisure, entertainment and wellness such as golf courses, marinas, beachclub, clubhouses and wellness centres that surrounds the residences and provide an exclusive resort experience.

A foreigner can acquire residential properties, like villas, townhouses, penthouses, apartments, duplexes and serviced plots of land (max extent of 1.25 A or 5,276 m2) in existing IRS projects.

Real Estate Scheme (RES)

RES projects offers different type of residences (Villas, penthouses, duplexes, apartments) located within exclusive smaller residential developments.

A foreigner can acquire a residential property in existing RES projects and will be eligible for a residence permit for himself and his dependents if he has invested a minimum amount of USD 375,000 to acquire the property. The owners may rent the property, become tax resident in Mauritius and face no restriction on the repatriation of funds or revenue raised from the sale or renting of the property.

Property Development Scheme (PDS)

The Property Development Scheme (PDS) is one of the approved schemes, which has been designed to facilitate the development and subsequent purchase of luxurious properties by non-citizens in Mauritius.

Projects developed under this scheme provide outstanding luxury residential properties of high international standards together with high quality open spaces, high-class leisure and recreational facilities as well as day-to-day management services.

Invest Hotel Scheme (IHS)

The Invest Hotel Scheme allows a non-citizen investor and individual guests to become an owner of exclusive hotel units located in Mauritius.

A non-citizen can acquire a room (or a hotel unit) in new or existing hotels approved under the IHS. The owner thus gets a privileged access to all the facilities of exquisitely furnished luxury resort hotel(s) with amenities like Food & Beverages, fully serviced spas and fitness centres, resort-style pools.

Smart City Scheme
A non-citizen can acquire a residential unit, being a townhouse, villa, apartment, penthouse, or a duplex within any of the smart cities.
Also, non-citizen holders of residence permits, occupation permits or permanent residence permits can acquire a plot of serviced land of an extent of 2,100 m2 for the purpose of building a residence, in a residential development located in a smart city, approved by the Economic Development Board. The acquisition has to be made not later than 30 June 2022.

Ground +2 Apartments

Foreigners are allowed to purchase apartments in developments outside of the approved residential schemes.
The apartments should be located in condominium developments of at least two levels above ground (G+2) and the purchase price of an apartment should not be less than MUR 6 million or its equivalent in any other hard convertible foreign currency.

Why Mauritius

Mauritius is situated in the south-west of the Indian Ocean, about 800 km east of Madagascar. It has an area of approximately 1,865 km2 and is densely populated, with approximately 1.463 million inhabitants. The island has maintained one of the developing world’s most successful democracies and has enjoyed years of constitutional order since it gained independence in 1968.

Mauritius is a successful leading International Financial Centre that offers an ideal environment to investors, allowing them to operate and grow their International businesses, by also providing an attractive package of fiscal incentives, governed by a strong regulatory framework, under the governance of the Financial Services Commission.

Effective co-operation and exchange of information as well as robust working relationships between regulators are key to preserving financial stability. The FSC has signed several Memoranda of Understanding (MoUs) with local, regional and international counterparts aimed at (24 relate to European Economic Area member regulators:

Consolidating supervision of cross-border operations of financial institutions.

Defining mechanisms to share information in accordance with international standards.

Re-enforcing collaboration amongst institutions in the fight against crime, Money Laundering and Financing of Terrorism.

The FSC is also committed to adhering to international best practices on transparency and disclosure of information.

Fiscal Benefits

Non-fiscal Benefits & International Financial Centre Of Repute

A substantial network treaties and double taxation avoidance agreements in place

Low tax jurisdiction

No withholding tax on distribution to shareholders/ investors

No capital gains tax, estate duty, inheritance taxes

No transfer pricing rules

No thin capitalization rules

No stamp duties, registration duties and levy

Zero rated VAT for business transactions conducted outside Mauritius

Mauritius is ranked top in Africa for ease of doing business, good governance, global competitiveness index, Forbes survey of best countries for business

Low cost jurisdiction

Pool of skilled professionals such as lawyers and accountants who speak at least English and French

No exchange control and free movement of capital

Growing number of Investment Promotion and Protection Agreements with several countries

Mauritius is part of and a leading member of many regional organisations such as AU, COMESA, SADC, IOR-ARC and MIGA

Political stability, business friendly and modern legislative framework

Favourable Time Zone – Mauritius is GMT +4

White listed OECD jurisdiction

Highest Court of Appeal is UK Privy Council

Acceptable arbitration for the region with the presence of international law firms

Presence of major international banks offering a diversified range of financial products

Well-developed communication infrastructure

The Team

GlobalServe Management Ltd is led by seasoned professionals, all with proven track records and who have been in the Global Business, Investment and Banking sector for the past 20 years.

Our team at GlobalServe consists of qualified accountants, chartered secretaries and graduates in Economics, Law & Management, hold MBA’s in international business and professional qualifications such as Association of Chartered Certified Accountants (ACCA), Institute of Chartered Secretaries and Administrators, (ICSA) and members of Society of Trust and Estates Practitioners (STEP) and International Tax Planning Association (ITPA).

Bashir Nabeebokus

Managing Director and Head of Operations

Bashir is a fellow member of the Association of Chartered Certified Accountants, UK (“ACCA”) and holds a B.Sc (Hons) Economics from the University of Mauritius. He is also a member of the Mauritius Institute of Professional Accountants, Mauritius Institute of Directors and former Panel Member of ACCA Mauritius office.

In addition, he sits on the Appeal Committee of the Mauritius Institute of Professional Accountants. He reckons over 20 years of experience in the Mauritius global business sector with an enriched exposure in business development, marketing, fund/company set up, structuring and administration, company secretarial, accounting, net asset value calculation, international tax planning, compliance functions along with a strong client and people relationship management skills among others.

Sahjahan Ally (Farad) Nauthoo

Compliance Director and – Money Laundering Reporting Officer

Farad is a qualified accountant holding a fellow membership from the UK Association of Chartered Certified Accountants. He also holds a BSC (Hons) Degree in Accounting from the University of Mauritius. He is a member of the Mauritius Institute of Professional Accountants and the Mauritius Institute of Directors. Farad also sits as independent director on funds and other corporate entities.

He has over 17 years of experience in compliance, tax, NAV calculations, preparation of annual financial statements, structuring, and review of constitutive documents among others. He has also been actively involved with the setting up and administration of private equity funds, collective investment schemes, corporations, trusts and other global business entities.

Brendan Gallagher

Non-Executive Director

Brendan holds an Economics and Corporate Finance degree from the University of Kwa-Zulu Natal, is a CFA Society member with an Investment Management certificate from the CFA Society of the UK.

He is currently a shareholder and director of regulated Mauritian and Cayman Islands financial services companies. He also provides consulting services to regulated and listed global financial services providers. Prior to this, Brendan was Head of Operations at Sanlam Global Investment Solutions, where he started in August 2015 as a Global Relationship Manager, after having spent 14 years working in the offshore advisory space in Europe, covering positions at The Bank of New York Mellon, Fidelity Investments, Insight Investments Limited and Armstrong Investment Managers.

Raza Aly Sumser

Director and Head of Accounting and Tax

Aly is a graduate from the University of Mauritius and holds a B.Sc (Hons) in Accounting. Aly has acquired experience at Executive Management level spread in various key sectors and industries. He has extensive exposure at both local and international levels within Groups, Conglomerates as well as the Mauritius Global Business industry spanned over 20 years.

He has been exposed to structuring, advisory, company set up, administration, secretarial, accounting, tax, compliance functions and has developed a strong client and people relationship management skills among others. Aly has worked as Accountant, Chief Accountant and Finance Manager. He has also participated in numerous seminars on above related fields.

Get in touch

We are here to answer any question you may have.

GlobalServe Management Limited, Ground Floor Ebene House, 33 Hotel Avenue, Cybercity, Ebene, Mauritius

Email: info@globalservemgt.com

Phone: +230 4687061

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