The Mauritius Forex license is obtained from the Financial Services Commission of Mauritius. Under the Financial Services Act of 2007, Mauritius became home to hundreds of licensed investment firms, allowing it to become – along with its neighboring island Seychelles – an international investment hub.
Mauritius is in the Indian Ocean, to the east of Madagascar (Southeast of Africa outside of Mozambique) and to the south of Seychelles. Currently a member of the Commonwealth of Nations, Mauritius became a Republic in 1992. Its Capital city is Port Louis.
Characteristics of a Mauritius Forex License Investment Dealer:
- 1 million Mauritius Rupee (RUM) – approx. $22,000
- Local Office required
- Minimum 2 Directors, fit and proper.
- No leverage restrictions or deposit bonus and reward schemes.
Economy of Mauritius
Main indicators
| Indicator | Value |
| GDP | $17,12 billion (Projected 2026) |
| Inflation rate | 6,2% (Feb/24) |
| External Debt | MUR83784 (Feb/24) |
| Interest rate | 4,5% (Feb/24) |
| Deposit Interest Rate | 4,58% |
| Corporate Tax Rate | 15% |
| Population | 1,26 million |
| Per Capital Income | $10,570 |
| Unemployment Rate | 6,3% |
| Corruption Rank | 61 (Aug/26) |
Mauritius Forex License
Overview
- Average cost for License: Contact us.
- Office requirements: Yes
- Employees required: Yes
- Capital requirements: $22,000
- Regular reporting: Yes
- Publicly recorded info: No
Mauritius Forex License
How to Apply?
A Mauritius Forex license will have the following characteristics:
- Local company registration and incorporation.
- Local presence via a fully set office that the FSC will inspect and approve.
- Two resident directors, a Compliance Officer, an MLRO and an Investment Dealer team.
- 1 million Mauritius Rupee (MUR) -approx. $22,000
- No leverage restrictions or deposit bonus and reward schemes.
- Professional indemnity insurance, accounting records and yearly audits.
The Mauritius FSC Categories based on Services to be Offered:
- SEC – 2.1: Investment Dealer Full-Service dealer (including underwriting)
- SEC – 2.2: Investment Dealer Broker
- SEC – 2.3: Investment Dealer Discount Broker
- SEC – 2.8: Investment Dealer Commodity Derivatives Segment
- SEC – 2.9: Investment Dealer Currency Derivatives Segment
An Investment Dealer can perform the following activities:
- Act as an intermediary in the execution of securities transactions for clients (provide details on how, role/function of the company)
- Trade in securities as principal/market maker with the intention of reselling these securities to the public (provide details of how it will comply with section 56(3) and (4) of the Securities Act 2005.
- Give investment advice which is ancillary to the normal course of his business activities (provide details on how, if it’s binding/non-binding, which securities will be enrolled in the program).
- Manage portfolios of clients (provide details on how, if its discretionary/non-discretionary).
Non-exhaustive list of requirements
- Detailed business plan (including target market/securities to be traded).
- Company KYC documents, 3-year financial forecasts.
- Personnel questionnaire, CVs, Passports and utility bills.
- Proof of source of funds for the Capital requirements
- Criterion 20 requires a 2-person Investment Dealer team. It is reminded that a strong Dealer team is “key component of the application.”
- Compliance Officer (CO) and MLRO functions can be outsourced.
- Manuals, indemnity insurance, complaints handling.
Consultation and Legal Fees:
Applying for a forex trading (Investment Dealer) license through the Financial Services Commission(FSC) in Mauritius involves legal and consulting fees typically ranging from $5,000 to $20,000 + upfront for application drafting, and filing, while total turnkey setup costs – including incorporation, local directors, compliance frameworks and local office setup run between $30,000 and $70,000.
Ongoing compliance and legal, auditing, financial statements, company sectretarial, compliance advisory services ranges from $5,000 to $10,000+.
More Information to be considered:
A Mauritius Forex License requires a local Management Company to handle both incorporation and application process.
The broker will be required to incorporate a Global Business License (Category 1), a GBC1compnay is resident corporation allowed to conduct business outside Mauritius, the FSC wants the company to have a deeper root system within the island via a resident office with its accounting books and audited yearly financial statements, a minimum 2 resident/experienced Directors and a local bank account.
There is an extensive number of Double Tax Agreement that investors can benefit from, all outlined in the official website of the Mauritius FSC.
Complete Assets Coverage on:
- Stocks
- Forex
- Bonds
- Indices
- Commodities
- ETFs
- Cryptocurrencies
- Funds
For more information, contact us info@mctg-consulting.co.za
