News & Insights

What is the GTA License?

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The Mauritius Global Treasury Activities (GTA) Licence was introduced to encourage multinational enterprises (MNEs) to set up or relocate their regional treasury management functions to Mauritius. It enables groups to consolidate funding, liquidity, risk management, and corporate finance services within a jurisdiction that is both cost-competitive and internationally compliant.

 

Mauritius has re-established itself as a jurisdiction of substance, replacing its deemed tax credit regime with a modern partial exemption framework based on OECD and EU guidance. Its removal from the FATF’s increased monitoring list has further strengthened its standing as a reputable International Financial Centre (IFC).

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What Services Qualify?

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To obtain a GTA Licence, companies must provide at least three treasury services to a minimum of three affiliated entities within their multinational group. Eligible activities include:

 

• Arrangements for credit facilities (from Mauritian institutions or group surpluses)

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• Derivatives arrangements

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• Corporate finance advisory

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• Credit administration and control

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• Factoring, forfaiting, and re-invoicing activities

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• Guarantees, performance bonds, standby letters of credit, and remittance services

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• Fund management for designated investments

 

This ensures that licensed companies are engaged in genuine treasury activities that add real value to the group.

 

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Substance Requirements:

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Alongside Global Business Licence (GBL) requirements, GTA-licensed companies must demonstrate real presence in Mauritius by:

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• Maintaining a physical office locally

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• Employing a minimum of four professionals, including at least one in a managerial role

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• Incuring annual expenditure of at least MUR 2 million (approx. USD 60,000)

 

These obligations reinforce Mauritius’ reputation as a centre for real economic activity rather than paper-based structures.

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Key Advantages

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The Global Treasury Activities Licence delivers significant fiscal and operational benefits for multinational groups:

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• Five-year corporate tax holiday on income (subject to requirements)

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• No capital gains tax

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• No withholding tax on dividends or interest paid to non-residents

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• No exchange controls, with freedom to transact in all major currencies

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• Access to international banks and strong financial infrastructure

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• Competitive operating costs and a skilled bilingual workforce

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• Supportive professional ecosystem including accountants, lawyers, and fiduciaries

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