Mauritius

Capital Requirements:

Investment Dealer License (Full Service Excluding Underwriting) amounting to MUR 1,000,000 (equivalent to approximately $22,000)

Overview:

The Financial Services Commission, Mauritius (the ‘FSC’), acts as the comprehensive regulator for the non-bank financial services sector and global business. Established in 2001, the FSC is tasked with licensing, regulating, monitoring, and supervising business activities within these sectors under the Financial Services Act 2007.

Under an FSC Mauritius Investment Dealer License, a company can offer Contracts for Difference (CFDs) on Forex, Equity Indices, Commodities, etc., subject to approval by the FSC Mauritius. Various types of Investment Dealer Licenses are available depending on the intended services.

To apply for a Mauritius Investment Dealer License, the company must submit a full application concurrently with the incorporation process as a GBC 1 category entity through a local Management Company.

Reasons to Consider Mauritius:

• Access to a large pool of professionals for employment
• FSC Mauritius is widely acknowledged as a reputable regulator, and FSC Mauritius financial services licenses are highly regulated
• Attractive tax regime
• Strong and reputable banking environment
• High level of asset protection provided by business conduct rules and other legislation in Mauritius
• No restrictions on leverage, PAMM/MAM accounts, or IBs

Main Requirements for Applying for an Investment Dealer License:

• Incorporation in Mauritius for a GBC Category 1 License, as per section 72(6) of the Financial Services Act
• Engagement of a local Management Company
• Nomination of fit and proper individuals with relevant experience in the financial industry sector
• Fulfillment of minimum capital requirements for an investment dealer license
• Appointment of two fit and proper and two local directors (which can be combined)
• Establishment of a robust investment dealer team (chief dealer and backup dealer)
• MLRO and Compliance Officer must be Mauritius residents.

*TGCX Group provides advisory services globally. Note that Investment Dealer license applications to FSC are submitted via approved service providers/Management Companies regulated by the FSC in Mauritius, with TGCX Group offering advisory support for each application submitted.