Business License in Mauritius

Located off the southeast coast of Africa, neighboring the French island of La Reunion, Mauritius is an island state of about 1.3 million people. As one of the places with a favorable geographical location to invest in Africa or the Middle East, Mauritius is supported by the World Bank in capital markets and has always achieved high growth.

The Financial Services (Consolidated Licensing and Fees) Rules 2008 (the Rules) set out the licensing framework that provides for a comprehensive codified list of financial services and financial business activities licensable by the FSC.

The licensing framework provides clear sets of licensing criteria and requirements within a well defined and consolidated framework. Prospective applicants, including service providers, may consult legal provisions, licensing requirements, and fees applicable to the particular business they intend to conduct. The FSC considered the level of development of the different sectors under its purview as well as the need to sustain the overall competitiveness of Mauritius as an International Financial Centre, in determining the fee structure.

Business Licenses available in Mauritius

From

US$ 24,800

In compliant with registered Mauritius regulations
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Investment Dealer (Full service dealer including underwriting)	From US$ 24,800	Learn More
Investment Dealer (Full service dealer excluding underwriting)	From US$ 24,800	Learn More

Scope of Mauritius license provided

Business Licenses in a broad sense acts as an intermediary in the execution of securities transactions for its client. Given that such activity has several specialized functions, each type of activity has been brought under a separate license in Mauritius where each category of license has its own scope of activity
Act as an intermediary in the execution of securities transactions for clients; Trade in securities as a principal with the intention of reselling these securities to the public; Underwrite or distribute securities on behalf of an issuer or a holder of securities; give investment advice which is ancillary to the normal course of his business activities; manage portfolios of clients.

How to Apply Business License in Mauritius

STEP 1: License Research

One IBC® will help you research to your suitable license in Mauritius

STEP 2: Payment

After completing your search for the licenses that match your business, you will be asked to complete your payment.

STEP 3: Documents Preparation

After finding your suitable license, One IBC® will advise you to prepare all the documents required.

STEP 4: License Filings

Identify requirements; Complete all application forms Verify license is issued

STEP 5: Business License Compliance

The government agency will check your records and provide additional information if necessary. Then, your License has been approved.

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FAQs

1. What is Global Business?

Global Business (GB) is a framework available in Mauritius to a resident corporation which proposes to conduct business activities outside Mauritius. GB is regulated by the Financial Services Commission (the ‘FSC’) under Section 71(1) of the Financial Services Act 2007 (FSA). There are 2 categories of Global Business Licences:

Category 1 Global Business Licence (GBL1);
Category 2 Global Business Licence (GBL2).

2. What is the Corporate requirement for Investment Dealer in Section 2.2?

Corporate Requirement:

Certificate of Incorporation;
Certificate of current standing (where applicable);
A certified true copy of any licence/registration/authorisation held;
List of controlling shareholders and directors;
Latest audited financial statements;
Corporate Profile - in case the latest audited accounts are not available;
Confirmation from the applicant/Management Company to the effect that it holds on record CDD documents on the controlling shareholders of the corporate body and that these will be made available to the Commission.

3. What are the activities that Investment Dealer

According to the FSC Investment Dealer (Broker) for Section 2.2 can do the following activities:

Procedures with respect to onboarding and risk profiling of clients;
Details on the trading platform to be used;
Process and transaction flow;
Execution of trades;
Details on trade confirmations to clients;
Details on monitoring of clients activity.

4. What are the minimum capital requirements for Investment Dealer?

The applicant shall maintain a minimum stated unimpaired capital of Mauritian rupees 7 00,000 or an equivalent amount and submit evidence pertaining thereto.

For a Global Business Company, the following should be submitted:

An undertaking that the applicant shall at all times maintains the prescribed minimum stated unimpaired capital (currently, MUR 700,000 or it’s equivalent in another currency).
An undertaking that the applicant will not start its operations, trade, or incur any liabilities prior to meeting its minimum unimpaired stated capital of MUR 700,000
An undertaking that within one month of the licence being issued evidence that the proceeds of the share issue amounting to MUR 700,000 or its equivalent have been credited to the applicant’s bank account will be submitted to the Commission.

For a domestic company applying for an Investment Dealer (Full Service Dealer excluding Underwriting) Licence, the following should be submitted:

The applicant should ensure that the stated capital of MUR 700,000 is injected prior to the licence being issued.
Certified true copies of statutory filings with respect to the share capital.
Confirmation that the stated capital is fully paid

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