Obtaining an Investment Dealer License in Mauritius is a popular decision among entrepreneurs, especially as leverage restrictions are rising across Europe. Greater leverage flexibility, competitive capital requirements, and tax optimization are just a few reasons this jurisdiction has grown in popularity over the past few years.
The FSC oversees the financial services industry in Mauritius. Mauritius forex license from FSC are issued within 6 months, provided that companies meet certain criteria.
Purchasing a Foreign Exchange Dealer License in Mauritius: Benefits
Investors and companies are interested in obtaining permission to operate a forex broker in Mauritius due to the following advantages of this jurisdiction:
- dynamic economy;
- using the country as a platform for business between Asia and Africa;
- strict privacy laws;
- flexible business registration rules in Mauritius;
- lack of currency control;
- low minimum capital requirements, which gives an advantage over European jurisdictions;
- Mauritius belongs to SADC, COMESA, and IOR-ARC.
- obtaining a Forex license in Mauritius by a non-resident gives the right to tax exemption;
- the state benefits from the presence of large international audit companies;
- developed infrastructure, high-tech ICT connections;
- daily flights to Europe, India, the Far East, and South and East Africa;
- Mauritius has entered into several double-tax treaties.
Buy a broker-dealer license in Mauritius: type of license
When planning to purchase an investment dealer license in Mauritius, please note the 2 types of permits available:
- Investment dealer (without underwriting) with a capital requirement of 10,000,000 MUR (approximately 250,000 USD). Suitable for establishing a brokerage company in Mauritius according to the STP/A-Book model
- Investment dealer (including underwriting) with a capital requirement of MUR 1,000,000 (approximately USD 25,000. Suitable for Market Maker/B-Book brokerage firms.
Investment Dealer Licensing in Mauritius: Permitted Activities
Candidates for obtaining a forex license in Mauritius will find it useful to familiarize themselves with the list of permitted activities:
- full range of FX dealer services;
- mediation in transactions with securities for clients;
- trading in securities as a principal with the intent to resell those securities to the public;
- investment advice that is ancillary to normal business activities;
- client portfolio management.
Register a broker-dealer company in Mauritius: a package of documents
The following documents are required to apply for a Forex trading license in Mauritius:
- For each director, shareholder, and ultimate beneficial owner:
- Notarized copies of passports.
- Notarized proof of address.
- Bank reference letter.
- Personal data of each shareholder/director/beneficiary.
- If the company has a corporate shareholder, then obtaining a Mauritius foreign exchange dealer license requires the filing of the following:
- Registration certificates.
- Memorandum and Articles of Association.
- Register of directors and shares.
- Certificates of good reputation (if the company is over 12 months old).
- Business plan for 3 years with a forecast of income and losses.
Investors interested in registering a Forex company in Mauritius and other services, such as global trademark protection, can get assistance by contacting Fintech Harbor Consulting.
Taxation
Having decided to register a company for foreign exchange activities in Mauritius, pay attention to the tax regime of this jurisdiction:
- The standard corporate tax rate is 15%.
- No currency control restrictions.
- Free repatriation of profits, dividends, and capital.
