Mauritius

Mauritius has a long history as a financial center, attracting numerous FX and CFDs brokers due to its stability and expertise. Mauritius offers a strategic location for accessing the growing African financial market.

The Financial Services Commission (FSC) of Mauritius enforces a well-regarded regulatory framework, ensuring investor protection and market integrity, offers a balance between robust regulations and a business-friendly approach.

Financial Services Commission (FSC): The FSC enjoys a strong international reputation for its competence and commitment to upholding high regulatory standards.
Double Taxation Agreements: Mauritius has a network of double taxation agreements, reducing tax burdens for international companies.
Favorable Tax Regime: Mauritius offers a competitive corporate tax rate of 15%, with exemptions on capital gains tax and withholding tax on certain transactions.
Skilled Workforce: The country boasts a well-educated and multilingual workforce, ideal for supporting international brokerage operations.

Get in touch with us to learn more about Heaving a FX CFD license in Mauritius

Jurisdiction: Mauritius
Regulator: Mauritius Financial Services Commission (FSC)
License Name: Investment Dealer (Full Invesment Dealer Excluding Underwriting; Broker; Discount Broker)
Products Allowed (CFD on all/certain assets): FX and CFDs
Activities Allowed (Broker/MM): Market Maker; Broker; Investment Advice; Portfolio Management; Broker only
Passporting: N/A
Leverage Limitations: None
Structure requirements (#shareholders / director/officers, MLRO): Minimum 1 shareholder, 2 Executive Directors / Investment Dealer Team Members, 2 local directors and local Compliance and AML functions
Basic requirements (business plan, website. demands from UBO, professional background: Detailed business plan incl. 3 years financial forecast. UBO to have at least 1-2 years of FX/CFDs experience (or equivalent); Directors to have at least 3 years of FX/CFDs experience
Local Physical Presence (Local Office and Local Staff): 2 local Directors, Local Compliance and AML functions
Insurance: Professional liability insurance is mandatory
Clients' Funds Segregation: Mandatory (must open 2 bank accounts - 1 Corporate and 1 for clients' funds)
Corporate Income Tax Rate: 3%
Minimum Capital Requirement: 1 Million MUR ($23,000 USD approx.); 700,000 MUR ($16,000 USD approx.); 600,000 MUR ($14,000 USD approx.)
Time Frame for License Issuance (as of submission): 3-6 Months
Regulatory leniency level (basic, intermediate, complex): Intermediate
License Validity: No expiry date
Reporting Frequency (Monthly/Quarterly/Annualy): Annual Compliance Report; Annual Audited Financial Statements

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