Mauritius is one of the most popular offshore destinations and one of the most respected financial centres among Indian Ocean insular republics, making it suited for a wide range of enterprises. If you wish to start a Forex business in Mauritius, our local agents can help.
Mauritius is well-known for providing high-quality financial services to clients from all over the world, which is bolstered by a significant number of professionals in this industry. The Mauritius Forex Licence is well-regulated and is governed by three separate laws: the Financial Services Act, the Insurance Act, and the Securities Act.
Mauritius is located in the Indian Ocean, about 500 miles (800 kilometres) east of Madagascar. Rodrigues Island is located approximately 340 miles (550 km) east of the main island, the Cargados Carajos Shoals are located approximately 250 miles (400 km) northeast of the main island, and the Agalega Islands are located approximately 580 miles (930 km) north of the main island.
According to Worldometer’s elaboration of the most recent United Nations data, the current population of Mauritius is 1,277,745 as of Saturday, May 6, 2023.
Mauritian Creole is a French-based Creole that is spoken by approximately 90% of the people. French is the language of education and the media, while English is the official language of Parliament, however MPs can still speak French.
Mauritius has a hybrid legal system which combines both civil and common law practices. It is governed by principles drawn from both the French Napoleonic Code and English Common Law.
Mauritius is well-known for its favourable foreign exchange (forex) licencing policy, which has encouraged a large number of forex brokers and financial service providers to set up shop there. The Financial Services Commission (FSC) is the regulatory body in charge of monitoring forex licencing and financial services in Mauritius.
|Gov. Capital Req.||Timing||Tax Rate|
|$24,000||3 months||3 %|
Mauritian Forex brokers (with a Forex Licence in Mauritius) have virtually no restrictions on the types of assets they can trade or the advice they can provide their clients, giving your organisation a lot of freedom. When you obtain your licence from Mauritian, you will be able to manage your customers’ portfolios in both CFDs and FX, as well as execute trades for them.
|License:||Global Business License|
|Timeframe for Approval:||Approx. 4 months|
|Regulator:||Mauritius Financial Services Commission|
|Authorised Activities:||Forex, Business and Investment, Tourism, Financial Services, Real Estate, Agriculture and Farming, Professional Services, Education and Training, Information Technology and Innovation|
Mauritius has four primary types of businesses:
Protected Cell Company (PCC)
Domestic Company (DC)
Authorised Company (AC)
Global Business Company (GBC)
|Corporate Tax Rate:||3%|
Investment Dealer (incl. underwriting) - MUR 10 000 000
Investment Dealer (excl. underwriting) - MUR 1 000 000
|Paid-up Capital:||1,000,000 MUR (roughly $30,000)|
Double Taxation Avoidance Agreements (DTAs),
Access to International Markets,
Networking and Collaboration Opportunities
|Local Director/s:||Minimum 2 resident directors|
|Local Shareholder/s:||Minimum 1 shareholder (no nationality restrictions for physical shareholders)|
|Local Registered Officer:||Required|
Possibility of ownership of the corporation by non-U.S. citizens
Minimum corporation tax
Lack of authority over the money
The finalization of agreements to prevent double taxation
The comprehensive scope of available financial services
Strong Investor Protection Framework
Network of Professional Services
Outstanding reputation for notable trading transactions
Exemption from stamp duties, registration fees, and other similar charges
Royalties paid to non-residents are tax-free.
There are no public records and there is strict confidentiality.
Mauritius bank account
1. Establish international business corporation.
2. Preparation and drafting of shareholder and officer agreements.
3. Preparation and drafting of narrative business plan.
4. Preparation and drafting of current financial statements.
5. Preparation and drafting of 3 years financial projections.
6. Preparation and drafting of personal financial statements for owners.
7. Preparation and submission of application with appropriate regulatory authority
8. Preparation and drafting of responses to regulatory authority
9. Identification and engagement of auditor and forex prime broker.
10. Facilitate opening of bank accounts and payment processors.
11. Preparation and drafting of AML/KYC policies and procedures.
12. Preparation and drafting of client agreements and disclosures.