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Mauritius Forex Broker License

We provide end-to-end assistance, from application to approval, ensuring a smooth path to obtaining your Forex license in Mauritius.

 

 

Comprehensive Support Throughout Your Mauritius Forex Licensing Journey"

Mauritius Forex License Overview

Mauritius Forex Broker License: Complete Regulatory Guide

Authorized under Section 72 of the Financial Services Act 2007 and regulated by the FSC Mauritius

Regulatory Framework

The Financial Services Commission (FSC Mauritius) oversees Forex licensing under:

  • Financial Services Act 2007 (Section 72 for Investment Dealers)
  • Securities Act 2005 (Regulation 4 for Brokerage Activities)
  • Financial Intelligence and Anti-Money Laundering Act 2002
  • Code on the Prevention of Money Laundering

According to FSC Mauritius official guidelines, all Forex brokers must obtain an Investment Dealer (Full Service Dealer or Execution-Only Dealer) License to legally operate.

Available License Categories

1. Investment Dealer (Full Service Dealer)

Scope: Can provide advisory services, manage portfolios, and execute trades
Capital Requirement: MUR 1,000,000 (~$25,000)

2. Investment Dealer (Execution-Only Dealer)

Scope: Limited to order execution without advice
Capital Requirement: MUR 500,000 (~$12,500)

3. Global Business License (Category 1)

Combined with: Investment Dealer License for international operations
Tax Rate: Effective 3% under partial exemption

Legal Requirements

Entity Type Mauritius Global Business Company (GBC1)
Minimum Directors 2 (must be Mauritius residents)
Local Office Physical registered office required
Audit Requirements Annual audited financial statements
AML Compliance Appointed MLRO and compliance officer

Mauritius Forex License Key Facts

Regulator

Financial Services Commission Mauritius

IOSCO Member since 2007

Processing Time

12-16 weeks (official FSC timeline)

Minimum Capital

$25,000 (Full Service Dealer)

$12,500 (Execution-Only)

Corporate Tax

15% standard rate

3% effective for GBC1 companies

Official FSC Requirements

According to FSC Mauritius, applicants must submit:

  • Detailed business plan
  • Organizational structure
  • Compliance manual
  • AML/CFT policies
  • Proof of capital adequacy
  • Fit & Proper declarations
requirements View full FSC checklist →

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Mauritius Forex Regulatory Framework

Capital Requirements

  • Initial capital: Must be maintained at all times
  • Segregation: Client funds must be kept in separate accounts
  • Liquidity: Minimum liquidity ratio of 1:1 required
  • Professional indemnity insurance: Recommended but not mandatory

Ongoing Compliance

  • Quarterly financial reporting to FSC
  • Annual audits by licensed Mauritius auditors
  • Regular AML/CFT training for staff
  • Immediate reporting of material changes
  • Cybersecurity requirements for client data protection

License Requirements

Detailed capital, personnel, and documentation requirements.

Explore requirements

Application Process

Step-by-step guide from incorporation to license approval.

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Jurisdiction Comparison

Mauritius vs. Cyprus, Vanuatu, Seychelles and other FX hubs.

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Mauritius Forex License Requirements

Requirements for Obtaining a Mauritius Forex License

A comprehensive breakdown of legal, financial, and operational requirements mandated by the Financial Services Commission (FSC) of Mauritius.

Eligibility Criteria

  • Company Incorporation: Must be a Global Business Company (GBC1) registered with the Mauritius Registrar of Companies.
  • Resident Directors: Minimum of two directors, both of whom must be residents of Mauritius with relevant financial services experience.
  • Shareholders: All shareholders must pass fit and proper checks as per FSC standards.
  • Substance Requirements: Physical office space, full-time local staff, and local board meetings are mandatory to demonstrate management and control in Mauritius.

Capital Adequacy Requirements

The Financial Services Commission requires license holders to maintain a minimum stated capital:

  • Full Service Dealer: Minimum MUR 1,000,000 (~USD 25,000)
  • Execution-Only Dealer: Minimum MUR 500,000 (~USD 12,500)
  • Paid-Up Capital: Must be fully paid and held in a Mauritius-based bank account prior to license issuance.

Compliance & Documentation

Applicants must provide a full suite of compliance and governance documentation:

  • Business plan with 3-year financial projections
  • Detailed organizational structure
  • Operations manual and internal control procedures
  • AML/CFT policies aligned with Mauritius regulations
  • Compliance manual and appointment of MLRO
  • Fit and Proper declarations for all directors, officers, and shareholders

Operational Requirements

  • Physical Presence: Operational office address in Mauritius
  • Personnel: Local compliance officer and accounting staff
  • Banking: Local corporate bank account for capital and client funds
  • IT Systems: Secure trading platform and client data protection infrastructure

Post-License Obligations

Once licensed, forex brokers in Mauritius must meet ongoing responsibilities:

  • Quarterly and annual reporting to the FSC
  • Mandatory audits by FSC-approved auditors
  • Ongoing AML training for employees
  • Filing of tax returns and compliance with 3% effective corporate tax (for GBC1)
  • Disclosure of any material changes to operations or management

At-a-Glance: Key Requirements

  • Company Type: GBC1 (Global Business Company)
  • Directors: At least 2, Mauritius residents
  • Minimum Capital: USD 25,000 (Full Service) / USD 12,500 (Execution-Only)
  • Local Presence: Office, staff, and management in Mauritius
  • Banking: Account with a Mauritius-based bank
  • Compliance: MLRO, AML/CFT policies, audits

Did You Know?

Mauritius offers one of the most cost-effective and reputable regulatory frameworks for Forex brokerages, often preferred by brokers targeting African and Asian markets due to its credibility and favorable tax regime.

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Mauritius Forex License Advantages

Mauritius Forex License Advantages

Discover the strategic benefits of establishing your Forex brokerage in Mauritius, a globally recognized financial hub.

Regulatory Excellence

Mauritius is renowned for its robust regulatory framework overseen by the Financial Services Commission (FSC). The FSC ensures compliance with international standards, fostering transparency and investor confidence.

Tax Efficiency

  • Corporate Tax Rate: Effective 3% for Global Business Companies (GBC1) after 80% exemption.
  • No Capital Gains Tax: Enhancing profitability for Forex brokers.
  • Double Taxation Avoidance Agreements (DTAAs): Mauritius has signed DTAAs with over 40 countries, minimizing tax liabilities on cross-border transactions.

Strategic Geographic Location

Situated at the crossroads of Africa, Asia, and Europe, Mauritius offers unparalleled access to emerging markets. Its time zone (GMT+4) bridges trading hours between major financial centers, optimizing global operations.

Business-Friendly Environment

  • Ease of Doing Business: Mauritius ranks high globally for its streamlined business processes.
  • Political and Economic Stability: A stable democracy with a growing economy, providing a secure foundation for financial services.
  • Skilled Workforce: A multilingual and educated labor force proficient in English and French.

Advanced Financial Infrastructure

Mauritius boasts a sophisticated financial ecosystem, including world-class banking institutions, advanced telecommunications, and reliable internet connectivity, ensuring efficient and secure trading operations.

Comprehensive Support Services

Forex brokers benefit from a wide array of support services, including legal and accounting expertise, compliance assistance, and access to professional networks, facilitating seamless business operations.

Key Advantages at a Glance

Regulatory Body

Financial Services Commission (FSC)

Effective Corporate Tax

3% for GBC1 companies

Global Market Access

Africa, Asia, and Europe

Time Zone

GMT+4

Language Proficiency

English and French

Learn More

For an in-depth understanding of the benefits of an Investment Dealer License in Mauritius, explore the following resource:

Read the full article →

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Mauritius Forex License Application Process

Step-by-Step Guide to Obtaining a Mauritius Forex License

Navigate the comprehensive application process for securing a Mauritius Investment Dealer License under the Financial Services Commission (FSC).

1
Company Setup
2
Document Prep
3
FSC Submission
4
Due Diligence
5
License Issued
6
Ongoing Compliance

Step 1

Company Incorporation

Establish a Global Business Company (GBC1) in Mauritius. This involves:

  • Choosing a unique company name and reserving it with the Registrar of Companies.
  • Preparing incorporation documents, including the Memorandum and Articles of Association.
  • Appointing at least two resident directors and a qualified company secretary.
  • Securing a registered office address in Mauritius.
  • Opening a corporate bank account with a local bank.

Step 2

Preparation of Application Documents

Compile a comprehensive application package for submission to the FSC, including:

  • Detailed Business Plan: Outlining business activities, target markets, financial projections, and risk management strategies.
  • Compliance Manuals: AML/CFT policies, internal controls, and operational procedures.
  • Fit and Proper Declarations: For all directors, shareholders, and key personnel.
  • Proof of Capital Adequacy: Demonstrating the minimum required capital is available and unencumbered.
  • Professional Indemnity Insurance: Obtaining a quote and coverage as per regulatory requirements.

Step 3

Submission to the Financial Services Commission (FSC)

Submit the complete application package to the FSC, including the payment of the applicable application fee. The FSC will acknowledge receipt and commence the review process.

Estimated Timeframe: 2–4 weeks for initial acknowledgment.

Step 4

Regulatory Review and Due Diligence

The FSC conducts a thorough review of the application, which includes:

  • Assessing the fit and proper status of directors and key personnel.
  • Evaluating the adequacy of the business plan and compliance frameworks.
  • Verifying capital adequacy and financial projections.
  • Requesting additional information or clarifications as needed.

Estimated Timeframe: 4–12 weeks, depending on the complexity of the application and responsiveness to queries.

Step 5

License Approval and Issuance

Upon satisfactory review, the FSC grants the Investment Dealer License. The licensee must then:

  • Pay the annual license fee.
  • Ensure all operational infrastructures are in place, including office premises and staffing.
  • Commence business operations in compliance with the regulatory framework.

Estimated Timeframe: 2–4 weeks post-approval for license issuance.

Step 6

Post-Licensing Compliance

Maintain ongoing compliance with FSC regulations, including:

  • Quarterly financial reporting and annual audited financial statements.
  • Continuous adherence to AML/CFT obligations and regular staff training.
  • Timely notification to the FSC of any material changes in operations or management.
  • Renewal of professional indemnity insurance as required.

Estimated Timeline for Mauritius Forex License Acquisition

Preparation & Incorporation

2–4 Weeks

Regulatory Review

6–12 Weeks

License Issuance

2–4 Weeks

Total Estimated Duration: Approximately 3–6 months, depending on the completeness of the application and responsiveness to regulatory queries.

Mauritius Forex License

The Mauritius Forex License, regulated by the Financial Services Commission (FSC) of Mauritius, is widely regarded as one of the most reputable and cost-effective solutions for launching a compliant Forex brokerage or fintech platform. With moderate capital requirements, favorable tax structures, and a transparent licensing process, Mauritius has positioned itself as a leading offshore Forex licensing jurisdiction for global Forex brokers, crypto platforms, and financial service providers.

 

Unlike unregulated or over-regulated markets, FSC Mauritius strikes the perfect balance between credibility and operational flexibility. Companies benefit from corporate tax rates as low as 3%, access to over 40+ international tax treaties, and legal frameworks aligned with international AML/CFT standards. The Forex license Mauritius application process typically takes 3 to 6 months, offering firms a stable and secure regulatory environment ideal for both startup and established B2B or B2C Forex operations.

 

Finxsol, a trusted leader in international licensing services, specializes in facilitating Mauritius Forex Broker License applications with comprehensive, end-to-end support. From Global Business Company (GBC) registration and bank account setup to AML compliance and merchant account integration, Finxsol ensures seamless navigation through FSC requirements. Hundreds of brokers and fintechs have successfully obtained their Mauritius Forex license through Finxsol, leveraging the island’s strategic financial hub status, robust legal protections, and international banking accessibility.

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Mauritius Forex License FAQs - Regulations, Cost & Benefits

Mauritius Forex License - Frequently Asked Questions

What is a Mauritius Forex License? +
A Mauritius Forex License is a financial services license issued by the Financial Services Commission (FSC) of Mauritius. It allows firms to legally offer Forex brokerage services under the Mauritius Financial Services Act. It is recognized as one of the best offshore Forex licenses due to its credibility, regulatory transparency, and tax benefits.
How to get a Forex license in Mauritius? +
To obtain a Forex Broker License in Mauritius, follow these steps:
  • Register a Global Business Company (GBC) in Mauritius
  • Prepare and submit a detailed business plan
  • Ensure AML/CFT compliance and internal policies
  • Meet Mauritius FSC capital requirements
  • Submit personal and corporate due diligence documents
The Mauritius Forex license application process typically takes 3–6 months.
What are the capital requirements for a Mauritius FSC Forex License? +
The FSC Mauritius typically requires a minimum of USD 25,000 to USD 250,000 in paid-up capital, depending on the nature of services and risk. Capital must be maintained locally to comply with Mauritius Forex broker regulations.
What are the tax benefits of a Mauritius Forex License? +
Mauritius offers several tax incentives:
  • Corporate tax as low as 3% (after partial exemption)
  • No capital gains tax
  • No withholding tax on dividends paid to non-residents
  • Access to over 40 tax treaties
These make it a top jurisdiction for tax-optimized Forex operations.
What documents are needed to apply for a Mauritius Forex License? +
Required documents include:
  • Certified passports of shareholders and directors
  • Proof of address
  • Bank reference letters
  • Detailed business plan
  • AML/CFT policy manual
  • Financial projections
How much does a Forex license cost in Mauritius? +
Total first-year costs typically range from $25,000 to $50,000 depending on service providers. This includes:
  • FSC license application and annual fees
  • Company registration fees
  • Legal and compliance support
  • Local management and office setup
What are the benefits of getting a Mauritius Forex trading license? +
Major advantages include:
  • Reputable offshore jurisdiction
  • Fast offshore Forex license processing time
  • Strong legal framework under the Mauritius Financial Services Act
  • Access to international banking
  • Forex license for global client onboarding
How does Mauritius compare to other Forex license jurisdictions? +
Feature Mauritius Vanuatu SVG Seychelles
Regulatory Body FSC Mauritius VFSC None FSA
Reputation High Moderate Low Moderate
Capital Requirement $25k–$250k $50k None $50k
Tax Benefits Yes Yes No Yes
Can foreign companies apply for a Mauritius Forex License? +
Yes, foreign investors and companies can set up a Global Business Company and apply for a Mauritius Forex license. The process is streamlined for international applicants with full foreign ownership allowed.
Does Mauritius support AML/CFT compliance for Forex brokers? +
Absolutely. Mauritius enforces robust AML/CFT laws aligned with international FATF standards. Forex brokers must submit and implement compliance manuals and appoint a Money Laundering Reporting Officer (MLRO).

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