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Do you want to set up a financial business in Mauritius? If so, you need to comply with the requirements of FSC Licensing in Mauritius. Mauritius Financial Services License stands out as a trusted option regulated by the Financial Services Commission (FSC) in Mauritius. The financial services commission license in Mauritius helps businesses boost and build credibility, with global recognition attached to favourable tax benefits for brokers, asset managers, fintech firms and many more.
Mauritius is a leading IFC bridging Africa, Asia and Europe, supported by an investment-grade sovereign rating, a network of 40+ Double Taxation Avoidance Agreements (DTAAs) (including India, China, South Africa, France & UK), 28+ Investment Promotion & Protection Agreements (IPPAs), an English & French bilingual common-law jurisdiction, a stable political environment and a sophisticated fund-services ecosystem.
The FSC in Mauritius regulates financial service providers to ensure compliance, stability and transparency. Connect with our team of experts for end-to-end services related to FSC licensing, compliance, and Mauritius company setup.
Meanwhile, a Financial Services Commission License in Mauritius is mandatory for the following businesses or people:
Investment Dealers
Investment Advisers
CIS Managers
Custodians
Money Lenders
Insurance Companies & Brokers
Payment Intermediary Service Providers (PIS)
Family Offices
Treasury Management
Robo-advisers
Crowdfunding Platforms
Variable Capital Companies (VCCs) & Virtual-asset Service Providers (VASPs)
Secure your FSC company license in Mauritius with end-to-end assistance from Enterslice. Mauritius is a leading international financial hub offering regulatory credibility, attractive tax benefits, business-friendly policies, and seamless access to global investment opportunities.
The list of benefits of the Mauritius FSC license application is as follows:
Those businesses or firms with an FSC license are trusted and gain credibility internationally in this competitive market scenario.
Mauritius has also signed treaties with over 40 countries while reducing the tax burdens for businesses.
It also allows the company to choose GBC (Global Business Company) or other tailored entities for operating its business activities.
As compared to other onshore jurisdictions, FSC License Registration in Mauritius is faster and easier to obtain.
Mauritius is also strategically located such that IFC bridges Africa, Asia & Europe with 40+ DTAAs & 28+ IPPAs.
15% corporate tax with 80% Partial Exemption Regime with an effective rate as low as 3% for qualifying income.
English / French common law jurisdiction with sophisticated dispute resolution & legal infrastructure.
The list of documents required for FSC Licensing in Mauritius is as follows:
Certificate of Incorporation of the Mauritius company
Constitution / Memorandum & Articles of Association
Board Resolution for FSC license application
Tax Residence Certificate (TRC) application
Business Registration Number (BRN) certificate
Registered office address proof in Mauritius
Mauritius bank account opening documents
Proof of share capital/capital adequacy
Notarized passport copies of UBOs, directors & officers
Address proof (utility bill within 3 months)
CV / Resume of directors & key officers
Bank reference letter
Professional / character reference letters
Police clearance / Good Standing certificate
Source of funds & wealth declaration
FSC fit-and-proper questionnaire
The list of key regulations governing FSC licensing in Mauritius is as follows:
It governs FSC licensing for non-banking financial services
Regulates investment dealers, advisers, CIS & securities activities
Covers insurance, reinsurance & intermediaries
Supervises private pension schemes
Company incorporation & corporate governance framework
AML/CFT compliance, STR reporting & recordkeeping
Licensing for virtual asset & token offering businesses
AML codes, governance standards & fit-and-proper criteria
Economic substance, office, employee & director requirements
International AML/CFT compliance standards
Anti-abuse & treaty-shopping regulations
Applies where banking/payment activities overlap with FSC licenses
The list of compliance documents to apply for an FSC License in Mauritius is as follows:
The step-by-step process for FSC Licensing in Mauritius is as follows:
Initially, you need to choose the most suitable category of FSC license aligning with your business goals and objectives, like Investment Dealer, CIS Manager, PIS, or VAITOS. For this, you need to assess eligibility criteria, minimum capital requirements for FSC licensing in Mauritius and so on.
You need to engage a licensed Mauritian Management Company in order to incorporate the entity as a GBC, an Authorized company or a domestic company. Such that you need to obtain documents like incorporation, Business Registration Number (BRN), registered office address, etc.
In this stage of FSC licensing in Mauritius, you need to prepare a detailed business plan explaining the company’s roles and objectives, like services, operational model, target markets and growth strategy.
In this stage, you need to draft and implement AML/CFT policies, compliance manuals, customer due diligence procedures, and a risk management framework. Additionally, you need to appoint key officers like Compliance Officer and MLRO while ensuring all directors and shareholders satisfy the FSC’s fit-and-proper requirements.
In order to complete the application process for FSC licensing in Mauritius, you need to deposit the minimum share capital required by FSC, which means you will have to open a corporate bank account in Mauritius. Also, you need to establish an economic substance by appointing Mauritian resident directors, securing office space, and maintaining local operational presence.
In this stage, you need to compile all the necessary documents along with the Mauritius FSC License Application and submit it through the licensed Management Company to the FSC, and coordinate all the regulatory communications.
Once the application is received for a Financial Services Commission License in Mauritius, the FSC will conduct a review of the application and, if required, may ask for additional clarifications or supporting documents. Once the regulatory conditions are fulfilled, the FSC will grant an In-principle approval (IPA) before final license issuance.
Lastly, upon meeting all final conditions and regulatory compliances, the FSC will issue the license, thus allowing the applicant company to commence its proposed business operations. However, the entity must continue to meet the post compliances requirements like annual filings, audited financial statements, AML reviews and various other regulatory obligations.
The final step is to open a company bank account to access banking solutions, deposit company funds, and manage transactions/expenses after Wyoming LLC formation.
The required timeline for FSC Company License in Mauritius is as follows:
Eligibility assessment, license mapping, and business structuring strategy.
Management Company engagement, incorporation, and bank account initiation.
Preparation of business plan, projections, and compliance documents.
Appointment of officers, KYC checks, and fit-and-proper verification.
Capital deposit and completion of substance requirements.
Compilation and submission of FSC application documents.
Regulatory review, clarifications, and In-Principle Approval.
Final approval, license issuance, and operational launch.
The list of entities given below can apply for Mauritius financial services license:
The list of requirements for FSC Licensing in Mauritius is as follows:
Let our experts at Enterslice help you out.
The list of post FSC License Registration in Mauritius compliances is as follows:
Let our compliance experts at Enterslice assist you with your Mauritius FSC Licensing process.
Enterslice has proved its mettle as one of the market leaders in business consulting and compliance management. You may choose Enterslice for FSC licensing in Mauritius for the following reasons:
A Mauritius FSC license enhances global credibility and investor
confidence while offering access to 40+ Double Taxation Avoidance
Agreements (DTAAs). It provides tax efficiency with an effective tax
rate as low as 3% for qualifying income, flexible corporate structures
such as GBCs, and a faster licensing process compared to many onshore
jurisdictions.
Mauritius also serves as a strategic gateway connecting Africa,
Asia, and Europe, supported by a bilingual English/French legal system
and strong common-law framework.
The documents required for FSC Licensing in Mauritius include the
Certificate of Incorporation, Constitution/MOA & AOA, Board Resolution,
TRC application, BRN certificate, proof of registered office, bank
account documents, and proof of capital adequacy.
Applicants must also provide notarized passport copies, address
proof, CVs of directors and officers, bank and professional reference
letters, police clearance certificates, source of funds declaration, and
the FSC fit-and-proper questionnaire.
FSC licensing in Mauritius is regulated by laws such as the Financial Services Act, the Securities Act, the Insurance Act, the FIAMLA, VAITOS Act, and the Companies Act. It also follows FSC Rules, FATF AML/CFT standards, economic substance requirements, EU anti-tax rules, and Bank of Mauritius regulations for relevant financial activities.
To apply for an FSC License in Mauritius, businesses must submit key compliance documents, including a detailed business plan with financial projections, AML/CFT and compliance manuals, risk management framework, MLRO and Compliance Officer appointment letters, and customer due diligence policies. Applicants must also provide cybersecurity and business continuity plans, sanctions screening procedures, outsourcing agreements, capital adequacy proof, audited financial documents, and evidence of economic substance, like office lease, payroll, and board meeting records in Mauritius.
The FSC licensing process in Mauritius starts with selecting the
appropriate license category and assessing eligibility requirements.
After incorporating the company in Mauritius, the applicant must prepare
a business plan, establish AML/CFT compliance policies, and appoint key
officers. Further, the required capital must be deposited, a corporate
bank account opened, and economic substance maintained in Mauritius.
Once all documents are compiled, the application is submitted to the
FSC for review and approval. After meeting all regulatory conditions,
the FSC issues the license, subject to ongoing compliance and annual
regulatory filings.
Entities involved in financial and investment-related activities can apply for an FSC License in Mauritius. These include investment dealers, investment advisers, CIS managers, custodians, insurance and reinsurance companies, payment intermediary service providers, family offices, treasury management firms, robo-advisory platforms, crowdfunding platforms, Variable Capital Companies (VCCs), Virtual Asset Service Providers (VASPs), and Global Business Companies (GBCs) or Authorized Companies (ACs) engaged in cross-border investment, trading, and wealth management activities.
To secure FSC licensing in Mauritius, the applicant company must maintain a local presence with a registered office and local director, submit a detailed business plan, satisfy fit and proper criteria for directors and shareholders, comply with AML/CFT and other regulatory requirements, and maintain the minimum capital prescribed for the relevant license category.
After obtaining an FSC License in Mauritius, companies must comply with ongoing AML/CFT, KYC, transaction monitoring, reporting, audit, tax, and annual license renewal requirements. Businesses must also maintain proper substance compliance, conduct employee AML training, and notify or obtain FSC approval for changes in ownership, directors, officers, or business activities.
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