Mauritius Investment Dealer License 2026: FSC Requirements
What it takes to obtain Investment dealer, payment intermediary, VASP (with a Global Business Licence) in Mauritius: the regulator, minimum capital, local substance, typical timeline and how hard it is to open a corporate bank account, based on regulator publications as of October 2026.
Lower capital and costs, but banks and counterparties may scrutinise offshore licensees closely. Real management and compliance are essential.
Key facts (October 2026)
| Regulator | Financial Services Commission Mauritius |
|---|---|
| Main licences | Investment dealer, payment intermediary, VASP (with a Global Business Licence) |
| Minimum capital | Dealer MUR 1m (no underwriting) / broker MUR 700k / VASP broker-dealer MUR 2m |
| Local substance | Two resident directors, management company, main bank account in Mauritius |
| Typical timeline | No official processing time |
| Corporate banking | Keeping the main account in Mauritius is part of the managed-and-controlled test |
Capital and fees are taken from regulators' rules and publications (October 2026), in local currency, and are confirmed case by case before applying.
What to consider
- Fees were revised on 1 July 2026 (e.g. dealer without underwriting: US$1,000 application, US$3,400 a year).
- Mauritius was grey-listed from February 2020 to October 2021 and is no longer listed.
Serving clients in Japan
A foreign licence does not let you deal with residents of Japan in FX, securities or crypto: as a rule, Japanese registration is required. See Japan rules.
FAQ
What is the minimum capital for a financial licence in Mauritius?
Dealer MUR 1m (no underwriting) / broker MUR 700k / VASP broker-dealer MUR 2m. Requirements can rise with the activities and size of the business.
How long does licensing take in Mauritius?
No official processing time. Missing documents extend the timeline, so preparation matters.
Do I need staff or an office in Mauritius?
Two resident directors, management company, main bank account in Mauritius. Nominee-only structures are not accepted; real management and compliance are expected.
Can I open a corporate bank account in Mauritius?
Keeping the main account in Mauritius is part of the managed-and-controlled test. We recommend preparing banking in parallel with the licence application.
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