forex license mauritius

Forex license in Mauritius

Professional assistance in obtaining a Forex license in Mauritius with a turnkey solution

Mauritius is a thriving offshore economic hub with a developed corporate market.

If you want to run a brokerage business in Mauritius you will need a Mauritius forex broker license to operate in a stable jurisdiction with favorable taxation and an ideal development environment. Gofaizen & Sherle will provide professional support at every stage of the licensing process with a guaranteed turnkey result.

Advantages of a Mauritius forex license

  • an internationally recognized financial center with a good reputation and a transparent regulatory environment;
  • modern telecommunications and banking infrastructure;
  • the rapid growth of the financial sector;
  • FSC provides clear regulatory guidelines and proactive support for licensed companies;
  • protection of company confidentiality through statutory guarantees;
  • low level of share capital (from 18000 USD) to obtain a Mauritius forex license
  • 0% taxation for foreign forex companies that are not tax residents of Mauritius
  • low corporate tax for offshore companies – 3%
  • the government has signed more than 30 agreements avoiding double taxation
  • no currency control
  • remote management of the company
  • fast registration of the company – 3-4 weeks
  • the time of issue of Forex licenses in Mauritius is about 3 months

Packages of services for forex license in Mauritius


FX Broker registration with drafting all necessary legal documentation and corporate account opening

32 000 USD
  • All services from Basic Package
  • Bank account opening assistance
  • Procedural Documents for license application
  • MLRO/Compliance Officer for 1 year
  • Deputy MLRO for 1 year
  • Registered Office & Company Secretary for 1 year
  • 2 Local Directors for 1 year

FX Broker registration under the minimum regulatory requirements

21 000 USD
  • Dedicated consultant with the fully provided individual approach
  • Full turnkey company formation assistance
  • Basic Corporate documents
  • Basic AML/KYC Policy
  • FOREX Broker license application
Kiryl Zaremba
Senior Associate, Business Development Manager
Leonid Turok
Senior Associate, Head of Sales (FX and iGaming)

Documents required:

  • Scans of notarized copies of passports of all members
  • Scans of notarized copies of address proof of all members
  • Description of your business model, Business plan
  • Source of Funds confirmation documents
  • AML Policy
  • Signed and dated application form
  • Information on Ownership/Shareholding structure
  • Branches, permanent establishments and participations in other companies
  • MLRO and Deputy MLRO employment agreements
  • 2 Local Directors employment agreements
  • Description of IT Systems, Cybersecurity
  • DPO employment agreement

Request more information about Forex license in Mauritius

Process and timeline for obtaining a Forex License in Mauritius

The process of obtaining a forex license in Mauritius is not particularly difficult or specific. It is regulated and supervised by the Financial Services Commission (FSC) and requires the following steps:


5 working days

Stage 1

Documents required:

  • Preferred company name
  • Passport copies of all shareholders and directors
  • Address of residence confirmation (utility bill) from all directors and shareholders
  • A business model of the company (brief description 1-2 pages)
  • Company structure chart


4 weeks

Stage 2

  • Company registration
  • Preparation of corporate documents
  • Search and employment of: MLRO, DMLRO and 2 Local Directors
  • Appointment of registered office and company secretary


up to 5 months

Stage 3

  • Preparation of license application documents
  • AML/KYC Policy drafting
  • Submission of license application to the Financial Services Commission (FSC)
  • Communication with the FSC Representative until the license is granted


4-6 weeks

Stage 4

  • Analysis of the most suitable Banks/EMIs, comparison of the risk appetite of the Bank in relation to the risk appetite of the Client based on previously prepared AML policies
  • Collection of necessary documents from the Client side to initiate the process (flow of funds, source of wealth, description of the purpose of opening an account, key partners, company website, utility bill, etc.)
  • Guiding the Client’s company through the entire process of opening an account

Requirements for obtaining a Mauritius forex license

  • It is necessary to register a brokerage company;
  • To arrange an account of the company in a local bank;
  • Hire at least 2 directors resident in Mauritius;
  • At least 2 founders must have a financial background;
  • Rent or buy a physical local office;
  • Sign employment contracts with local employees: AML officer, accountant;
  • Conduct regular audits, file financial statements and tax returns;
  • Keep all financial records and provide them to the regulator if necessary;
  • Develop and implement anti-money laundering and terrorist financing rules;
  • Contribute share capital of $18,000;
  • Develop a realistic business plan;
  • Hold regular board meetings in Mauritius;
  • Comply with local laws.

Requirements for share capital for forex licensed companies in Mauritius

Usually, there are no capital requirements for offshore companies, but regulators are aware of the level of risk and when reviewing your application for a Mauritius forex trading license may impose certain licensing conditions. Most often this will mean that the total authorized capital of the company can’t be below the threshold of $18,000 and the companies need to pay annual license fees – up to $25,000, depending on the type of license and the structure of the organization.

The issuance of a forex license in Mauritius is also accompanied by a state fee of $6,550.

How to start a forex company in Mauritius

One of the conditions for obtaining a Forex License in Mauritius is to open a Global Business Company (GBC). This type of company opens the opportunity to operate in a favorable tax regime and provide its services in a legal framework.

Opening a GBC on average takes about 2-3 business days, provided that the documentation is prepared in advance and the following requirements are met:

  • minimum of 1 shareholder and 2 resident directors
  • a secretary resident in Mauritius
  • meet the requirements for registration of share capital (according to the type of license)
  • local office for correspondence
  • opening of a local bank account
  • intermediary company between GBC and FSC
  • confirm the financial viability of the company

The following steps are required to register a company:

Step 1: Name Reservation

Choose a unique name for your company, and make sure it meets local regulations and is available for registration.

Step 2: Prepare documentation

Gather and prepare all the necessary legal documents to register your company.

  • Document proving the corporate structure
  • Memorandum of incorporation
  • Legalized copies of identification cards of all members of the management, corporate secretary, and shareholders
  • Application for registration of the legal entity
  • Company name reservation document issued by an authorized body
  • Written consent from all directors
  • Confirmation of consent from the corporate secretary
  • Consent from each of the shareholders
  • Proof of the organization’s registered office in Mauritius
  • An in-depth business plan including a description of the business activities, target markets, risk management strategy, and monitoring procedures
  • Audit reports confirming financial strength and compliance with capital regulations
  • Evidence of established procedures for maintaining accurate records, reporting, and regulatory compliance

Step 3: Payment of fees

Make payment of all prescribed registration fees.

Step 4: Registration Procedures

Submit the prepared documents to the registration authority for the legal incorporation of your company.

Step 5. Opening a bank account

After incorporation, open a corporate bank account with a local bank in Mauritius.

Step 6: Tax Registration

Register your company with the Mauritius Revenue Authority to identify your tax liability.

Step 7. Register as an employer

Register your company as an employer with the relevant ministry.

Step 8: Pension contributions

Ensure that all employees are registered with the national pension and provident funds.

Services that a company can provide with a forex license in mauritius

Obtaining a forex license from the Financial Services Commission (FSC) is a significant step for any company seeking to operate in the financial markets of Mauritius. This license provides several important privileges and opportunities to operate:

  • A company will be able to manage the investment portfolios of its clients;
  • It will be allowed to trade securities on its account for their subsequent sale;
  • The company will be allowed to offer its clients its investment advice and recommendations;

And finally, the company will be able to act as an intermediary in transactions with securities, including currencies, shares, and other types of assets.

In conclusion, obtaining Mauritius forex licenses is an important step for any company wishing to get involved in investment and brokerage activities in Mauritius.

It gives the company access to the market and enables it to offer its services in a wide range of financial transactions.

Types of Forex licenses in Mauritius

The Mauritius Financial Services Authority provides a variety of Forex Licenses in Mauritius to suit the specifics of the planned activity. These licenses give companies access to various market operations and related financial transactions. The following main types of Forex licenses in Mauritius are distinguished:

  • Investment Dealer License

    Allows companies to set up forex trading platforms, and provide exchange and trading services.

    This license requires an initial capital of 1,000,000 Mauritian rupees, equivalent to approximately $22,500. There is an application fee of 7,500 MUR ($750) and an annual license fee of 75,000 MUR ($2,500).

  • Investment Advisor License

    Allows you to provide investment advice, market analysis, and recommendations on trading strategies.

    This license requires an initial capital of MUR 1,000,000, equivalent to approximately $22,500. There is an application fee of 7,500 MUR ($750) and an annual license fee of 75,000 MUR ($2,500).

  • GBL – Global Business License

    Opens up opportunities for a variety of financial work, including investment management. It entitles you to a wider range of services, from forex trading to investment holding.

    This license requires an initial capital of 45 Mauritian rupees, equivalent to about 1 euro. There is an application fee of 23,000 MUR (approximately 460 euros) and an annual fee of 90,000 MUR (approximately 1,800 euros) for the use of the license.

Find out more about the Forex license in Mauritius

Overview of Forex license in Mauritius

Processing time 6 months
Application fee 6 500 USD
Minimum capital requirement 22 500 USD
Corporate income tax 3-15%
Resident employee 2 Directors, MLRO
Accounting audit Required
Office requirement Required

Regulation of Forex license in Mauritius

Established in 2001, the Mauritius Financial Services Commission (FSC) acts as the joint regulator for the non-banking financial services sector and international business. The FSC is empowered to license, regulate, supervise, and control business activities in these areas.

FSC actively works to suppress all forms of crime and negligence to protect public investment in non-banking financial products. One of the important aspects of the FSC’s work is to maintain the sustainability and stability of the financial system in Mauritius.

The legal and regulatory framework for Forex trading in Mauritius is based on 3 main laws:
The Financial Services Act 2007 governs the procedures and regulations for companies in the financial sector in Mauritius. It includes the regulation of the authorization system, supervision, and oversight of the operations of these companies.

According to this legislation – organizations that wish to operate in the financial services sector in Mauritius must obtain the appropriate license from the Financial Services Commission. They must also comply with the rules and regulations imposed by the Act, including auditing, reporting, transparency, and other risk management measures.

The Securities Act 2005 oversees the operation and regulation of the securities market in Mauritius, covering aspects of the issuance, trading, purchase, and exchange of securities.

Any entity or individual involved in securities transactions in Mauritius must comply with the terms and conditions laid down in the Act. This may include obtaining authorization for transactions, ensuring transparency of transactions, and complying with information reporting standards.

The Anti-Money Laundering and Terrorist Financing Act of 2009 includes measures aimed at preventing and combating money laundering and financing terrorist activities.

Financial institutions and other entities subject to this law are obliged to carry out customer identification, transaction monitoring, suspicious activity reporting, and sanctions compliance procedures. They are also required to maintain a system of internal control and risk management to prevent money-laundering and terrorist financing.

In addition, under Mauritian law, a company aiming to provide financial services and wishing to obtain a Forex license is also required to have a brokerage license. This license gives the right to conduct transactions in many currencies, from euros and U.S. dollars to British pounds, as well as to work with precious metals such as gold and silver.

A company that wants to obtain a Global Business License (GBL1) must apply to the Financial Services Commission (FSC) with evidence of its commercial activities outside Mauritius. GBL1 is a company that conducts any approved international business activity. This may include soliciting investment from the public, which requires adequate protection for investors, and conducting business in a currency other than the Mauritian rupee.

Taxation of brokerage companies in Mauritius

Mauritius is a promising jurisdiction for brokers looking to reduce their tax liability due to the competitive tax regime adopted by the island. The Income Tax Act of 1995, regulates the tax system and imposes a corporate tax of 15% on the income to be taxed. However, this rate is only 3% for offshore companies, which makes Mauritius even more attractive to brokers.

In addition to the low corporate tax rate, Mauritius also offers several other tax advantages to businesses, including:

  • Providing special incentives which allow companies to be temporarily exempted from paying taxes;
  • Foreign forex trading companies that are not tax residents in Mauritius are exempt from tax;
  • Mauritius has signed agreements with various countries, which help to avoid double taxation and provide for the establishment of certain rules and procedures;
  • Companies in Mauritius are not required to pay tax on dividends received;
  • Companies are exempt from capital gains tax.

It is important to note that brokers operating in Mauritius must strictly comply with local tax laws and regulations. This includes filing tax returns on time and paying taxes on time. Failure to comply with tax obligations may result in the imposition of fines, interest, and other penalties.

To operate successfully in Mauritius, brokers are required to comply with local tax laws and regulations, including the timely filing of tax returns and monitoring the payment of taxes. Violations of tax rules may result in the imposition of fines, interest, and penalties.

Fees and charges

The following fees are required to obtain a Mauritius Forex license:

1. Formation of start-up capital: The expected capital investment to start a forex dealer in Mauritius is estimated to be around 1,000,000 Mauritian Rupees, which is equivalent to approximately $22,500.

2. Application Fee: The state fee to be paid for processing the application to register a company and obtain a license is usually around $6,000.

3. Annual Licensing Fee: To maintain the status of a licensed forex dealer, there is an annual fee of 75,000 MUR ($2,500).

Specific amounts and requirements may vary, so it is advisable to check with the Mauritius Financial Service Commission (FSC) or the management company assisting with the license before applying.

Challenges of getting a Forex license in Mauritius

The process of getting a Mauritius forex broker license, just like in any other country, involves some complexities and challenges. Here are some of them:

  • The FSC has strict requirements that must be met. These may include requirements for risk management, financial reporting, anti-money laundering, and internal controls. It can be difficult for some companies to maintain compliance with these requirements.
  • All companies obtaining a Forex license in Mauritius are required to conduct audits and submit financial reports. This can cause difficulties for companies, especially those with no experience in these areas.
  • The regulator can take up to 3 months to review the licensing application and require additional information and documents. You should keep in mind that this issue cannot be resolved in one week.
  • FSC FSC Mauritius is committed to providing a high degree of investor protection, so companies need to take care to preserve their reputation. Any scandal or problem could prevent a forex license in Mauritius or even lead to its revocation.
  • Finding a local office and opening a corporate account may also present challenges for brokers who have not previously worked with the jurisdiction.
  • In case the FSC has concerns about the company’s ability to fulfill its obligations, restrictions may be imposed on the range of services available for provision under the license.

Therefore, before you begin the process of obtaining a forex broker license in Mauritius, it is important to carefully review all the requirements and make sure that your company can meet them. If your company does not have the necessary resources or experience, it can slow down or even make it impossible to obtain a license. We advise you to contact Gofaizen & Sherle for professional support in this matter.

FAQ about Forex License in Mauritius

How long does it take to obtain a Forex License in Mauritius?

The process of obtaining a Mauritius forex license takes about 3 months, but if the regulator needs to clarify data or request additional documents while reviewing the application, the waiting period may be longer.

How do I apply for a Forex license in Mauritius?

Application for a Forex license can be made through the FSC online portal with the required documents and company information.

Can foreign companies apply for a Forex license in Mauritius?

Yes, foreign companies can apply but they must have an office in Mauritius and fulfill all FSC requirements.

Why Choose a Mauritius Forex License?

The choice of a Mauritius Forex Licence is based on the strength of the jurisdiction’s reputation, the high standard of taxation, and the balance between regulation rigor and accessibility – all of which make it an attractive proposition for Forex companies.

How much does it cost to get a Forex license in Mauritius?

To start a forex operation in Mauritius, the estimated cost starts from $25,000 to $30,000. This amount includes registering the company, hiring the necessary local staff, and obtaining a license.

Who needs a trade license in Mauritius?

A trading license in Mauritius is required for firms seeking to operate in the forex market and provide investment services.

What is the investment dealer Licence in Mauritius?

An investment dealer license in Mauritius entitles you to conduct forex transactions and other investment operations.

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