Mauritius Investment Dealer License — FSC Regulated
Obtain your full-service Investment Dealer license from the Financial Services Commission (FSC) Mauritius. Capital from ~€180k, 4-6 months processing, effective 3% tax regime.
Why choose an FSC Mauritius license for your forex brokerage?
The Mauritius Investment Dealer (Full-Service Dealer) license, issued by the Financial Services Commission (FSC) under the Securities Act 2005, is a highly respected regulatory framework for forex and securities brokers. It allows firms to offer a full range of investment services – including forex trading, CFDs, securities dealing, and asset management – to global clients.
Mauritius offers a stable common‑law jurisdiction, a 15% corporate tax rate with an 80% partial exemption on foreign income (effective ~3%), no capital gains tax, and a network of over 45 double taxation treaties. The FSC is an IOSCO member, ensuring international credibility with banks and liquidity providers.
| Factor | Mauritius (FSC) | Cyprus (CySEC) | Comoros (MISA) |
|---|---|---|---|
| Minimum capital | ~€180k (MUR 9M) | €75k–€750k | €50k (declared) |
| Processing time | 4–6 months | 9–14 months | 2–4 weeks |
| Corporate tax | 15% (effective ~3%) | 15% | 0% |
| EU passporting | No (global recognition) | Yes | No |
| Investor compensation | None (FSC oversight) | €20,000 (ICF) | None |
Activities authorised under FSC Investment Dealer license
Forex & CFD Brokerage
Full-service dealer authorisation to operate as a forex broker, offering currency pairs, CFDs on commodities, indices, and shares to international clients.
- Capital requirement: ~€180k
- Segregated client accounts mandatory
- Monthly/quarterly reporting to FSC
- Compatible with White Label Broker and Turnkey Solutions
License requirements
- Global Business Company (GBC) incorporation
- Physical office in Mauritius
- At least 2 directors, one resident in Mauritius
- Company secretary (Mauritius resident)
- Compliance officer & MLRO
- Liquidity Solutions and Payment Gateways can be integrated
Securities Dealing
Authorised to deal in securities (stocks, bonds, structured products) as principal or agent, underwrite issues, and provide corporate finance advisory services.
Capital requirement
Same ~€180k for full-service dealer. Additional requirements for underwriting activities may apply.
➡️ Forex Web Design & Trading Plugins available
Asset Management
Manage client portfolios on a discretionary or non‑discretionary basis, provide investment advice, and operate collective investment schemes (CIS).
Additional authorisation
Investment Dealer license inherently permits portfolio management. Separate CIS manager license may be required for fund management.
Crypto Assets (Virtual Asset Service Provider)
FSC Mauritius has introduced the Virtual Asset and Initial Token Offering Services Act 2021. Investment Dealers can apply for a Virtual Asset Service Provider (VASP) license to offer crypto exchange, custody, and brokerage services.
VASP requirements
Additional fit-and-proper checks, cybersecurity requirements, and compliance with FATF standards. Many forex brokers add crypto services under the same license.
FSC Investment Dealer license – end-to-end process
| Activity | Estimated duration | Key dependencies |
|---|---|---|
| Company incorporation | 2‑3 weeks | Name approval, registered office |
| Documentation preparation | 4‑6 weeks | Manuals, policies, director questionnaires |
| FSC review & queries | 2‑4 months | Fit‑and‑proper, capital verification |
| License approval | 1‑2 weeks | Final fee payment |
| Total timeline | 4–6 months | |
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