Opening a financial company in Mauritius implies registering a private limited liability company or an offshore entity and applying for a special business license. The selected business form will dictate the jurisdiction in which the enterprise is allowed to operate. With respect to the financial license in Mauritius, it must be obtained no matter where it renders its services.
Below, our company formation agents in Mauritius invite you to discover how to obtain a financial license for various activities. We are at your disposal if you need help registering your company and filing for the necessary permit.
Table of Contents
Financial company registration in Mauritius
A particularity when it comes to opening a financial business in Mauritius is choosing from the beginning the legislation to comply with. This is because such companies can:
- be registered for servicing domestic clients under the Mauritius Company Law;
- be incorporated to provide its services in other jurisdictions under the Global Business Company Law.
Please note that there are also financial activities that can be provided both in and outside the country, such as banking and insurance. Our local specialists can offer detailed information on the legislation governing each type of company under which such businesses can operate and financial licenses in Mauritius for them.
Financial activities carried out in Mauritius
There are several sub-sectors of the financial industry in which a company can operate in Mauritius, namely:
- banking;
- insurance and reinsurance;
- investment management;
- securities dealings;
- investment brokerage;
- investment advisory;
- currency exchanges;
- market infrastructure setup;
- investment funds.
One of the most popular types of financial licenses is the Mauritius Forex license.
If you want to set up a company in Mauritius and need support, our agents can help you register the desired legal entity.
Licensing requirements for financial companies in Mauritius
Most types of financial licenses in Mauritius are issued by the Financial Services Commission (FSC), which is also the authority in charge of overseeing companies’ activities. However, for banking activities, the Bank of Mauritius is the main governing body. It also issues the licenses for such operations.
Here are some of the requirements for obtaining a financial license in this country:
- companies must prepare various documents for the licensing phase;
- they must also ensure proper management;
- they must comply with the requirements of offering their services abroad or in the country;
- they must also deposit a specific share capital in accordance with their activities;
- for share capital deposit purposes, they must open bank accounts in Mauritius;
- they must meet the capital reserve requirements imposed by the FSC.
No matter the legal entity you want to register, you can rely on our Mauritius company formation specialists.
Minimum capital requirements for obtaining a Mauritius financial license
Here are the capital requirements for carrying out certain financial activities in Mauritius:
- between MUR 1 million (USD 22, 000) and MUR 10 million (USD 220,000) for investment dealers;
- a minimum of MUR 700,000 (USD 15,000) for an investment broker;
- between MUR 500,000 (USD 11,000) and MUR 700,000 (USD 13,000) for an investment adviser;
- at least MUR 1 million (USD 22,000) for a corporate investment advisor.
If you are interested in immigration to Mauritius through business formation, you can rely on our lawyers, including for setting up a financial enterprise. Furthermore, you can also access citizenship in Mauritius through the investment pathway in the same field.
Contact us and let us help you apply for a financial license in Mauritius.
