According to the latest Performance Highlights released by the Financial Services Commission (FSC), as at 30th November 2017, there has been an increase in the number of Global Business Companies (GBCs) on register, with a total of 21,435 compared to 21,203 for the same period last year. Among new applications received, the greater tendency has been for GBC1s compared to GBC2s.

In terms of the value of Portfolio Investment held by GBC1s, the FSC noted an increase from USD 106,503 million in December 2016 to USD 118,569 million in June 2017, representing a growth of 11%. This is mainly attributed to investment made into India, which totaled USD 92,612 millions in June 2017 compared to USD 81,544 million in December 2016 and which represented an increase of 14%.

The FSC’s Performance Highlights can be accessed here