If you want to open a Forex company in Mauritius, our local agents can be your guide. Below, our local specialists explain the main steps related to obtaining a forex license in Mauritius. You can rely on us for assistance in obtaining a forex license and business registration in Mauritius.
Table of Contents
Can I open a Forex company in Mauritius as a foreigner?
Yes, full foreign ownership of such a business is available in Mauritius.
What is the most suitable structure for Forex activities in Mauritius?
The private limited liability company if you plan to carry out the activities in Mauritius, or the offshore company if the activities target clients located outside Mauritius only.
What are the requirements to open a Forex company in Mauritius?
The following:
- secure a registered address in Mauritius: it must be a physical place, which can also take the form of a virtual office;
- at least 2 resident directors must be appointed when starting a company in Mauritius;
- the company must also have a local bank account (clients can rely on our local specialists for support with the opening procedure);
- create the anti-money laundering and know your client regulations and submit them for approval.
- one must register a company in Mauritius (the Global Business Company Category 1 is preferred for such activities);
- the company must have a bank account in Mauritius;
- a detailed business plan must be submitted with the FSC upon applying for the forex license.
Our company formation specialists in Mauritius can assist with the incorporation of an offshore company under which one can obtain an Investment Dealer License.
You can also read about the Mauritius Forex License in the infographic below:
What are the available types of Forex licenses in Mauritius?
The following categories of licenses can be obtained:
- the full service dealer license;
- the broker license;
- the discount broker license;
- the unrestricted and restricted broker licenses.
What are the documents required to obtain a Mauritius Forex License?
The following:
- the shareholders and directors’ details (ID/passport, proof of residency, CVs);
- the company’s Articles of Association;
- a detailed business plan;
- a description of the services to provide;
- the internal control regulations of the company;
- proof of complying with the capital requirements imposed by the Bank of Mauritius;
- character reference letters for each director and shareholder (at least 2 letters provided by professionals);
- certified diplomas as proof of high educational studies in the financial field;
- bank references for all shareholders and directors;
- curriculum vitae for each shareholder and director;
- all directors and shareholders must also have clean criminal records that will be submitted with the FSC.
If at least one of the shareholders is a corporate person, its articles of association, a certificate of good standing and a copy of the annual return are required.
NOTE: The National Bank will also require proof that the source of the funds is legitimate.
The documents must be filed with the Financial Services Commission.
We invite you to watch our video below:
What is the minimum capital to obtain a Mauritius Forex license?
MUR 1 million (approx. USD 22,000).
How long does it take to obtain a Forex license in Mauritius?
3 to 4 months.
For assistance in applying for a Mauritius forex license, please contact our company registration advisors.
