Mauritius Forex License
Mauritius has a modern and flexible Securities Law and it is one of the best country to apply for Investment Dealer licenses . You can receive the license within a reasonable time, Mauritius requires to pay reasonable minimum capital, licence fees are not too high and Mauritius has a low tax rate.
Before to obtain an investment Dealer license it is requited to register a Global Business Company I in Mauritius.
Below you can find general requirements to set up the company in Mauritius and the main condition for obtaining a Mauritius Forex license.
More information and the quotation you can obtain from BRIS GROUP professional advisers.
Mauritius GBC I Formation Requirements
General obligation for Investment Dealer Licenses and Securities
| Company Formation | Request a Quotation |
| Type of entity need to be required to be eligible for Investment Dealer license | Global Business Company I |
| Constitution | There is no statutory requirement for a GBC1 to have a constitution. The company will be governed by the provisions under the Companies Act 2001, however the shareholders of the GBC 1 may adopt a constitution at any time through a resolution |
| The timeline for incorporating a GBC 1 | From 5 to 10 days |
| Directors | Must have a minimum of two (2) Resident Directors in order to avail of treaty benefits, with board meetings held in Mauritius. |
| Corporate director | The concept of Corporate Director is not applicable |
| Annual Meetings requirement | Must hold an Annual Meeting in every calendar year and within 6 months of the company's balance sheet date |
| Shareholder | Both individual and corporate bodies are allowed to be shareholders |
| Secretary requirement | Secretary requirement |
| Registered office | Must at all times have a registered office in Mauritius |
| Minimum and stated capital | No minimum capital requirement for a GBC 1, can be denominated in any currency |
| The value of shares | Either par value (which may be stated in more than one currency) or no-par value shares. |
| The form of shares | Registered shares, preference shares, redeemable shares and shares with or without voting rights. |
| Bearer shares | Not permissible |
| Local auditor | Must have a local auditor |
| Local bank account | Must have a local bank account |
| Annual tax return requirements | Must file an annual tax return with the Mauritius Revenue Authority (MRA); |
| Requirements for audit | Must file audited financial report, not later than 6 months after its financial year end |
| Confidentiality and security of Beneficial owners | Names of shareholders and beneficial owners must be disclosed to the FSC. |
| Public records | No information regarding its shareholding, accounts or activities are publicly accessible |
| Can be GBC I converted into GBC II | Permissible. |
| The main condition for obtaining a Mauritius Forex license | Request a Quotation |
| Who approves the license in Mauritius | Financial Services Commission. |
| The main legal framework | The Securities Act 2005 coupled with the Securities (licensing) rules 2007 |
| Categories of Investment Dealer license and Securities | There are different categories of Investment Dealer license and Securities |
| Time to register a license | Approximately 3 to 4 weeks' time |
| Capital requirements | 1,000,000 MUR (roughly $30,000) |
| Physical office requirement | Must have office premises in Mauritius |
| Requirements of local employees | At least one local employee must be employed full time (who is tax resident in Mauritius) at an administrative or technical level |
| Staff Qualification | At least two officials who must meet two requirements: have at least 4 years of relevant experience (skills) in this area and lack of criminal records |
| Requirements of business plan | Business plan for 3 years |
| Required deposit | Must hold assets of at least USD100 000 within a year in the local bank |
| Shares | Shares must be listed on the Mauritius stock exchange |
| Double Taxation Agreements | Yes |
| Taxation | The GBC (global business company) benefits from preferential corporate tax rates by only 3% |
| Tax on income or dividends | No tax on income or dividends |
| Capital gains tax or inheritance tax | No capital gains tax or inheritance tax |
| Financial Statements Disclosure to FSC | File audited financial statements within 90 days of financial year end |
