Nikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right licence scope and leads the file all the way to the FSC decision, including banking and payment rails.
Get an investment license in Mauritius.
The treaty island between Africa and Asia: the FSC investment dealer licence under the Securities Act 2005 - MUR 1,000,000 full-service capital, fees in the hundreds not thousands, two resident officers as real substance, and a 3% effective rate under the partial-exemption system that four decades of treaties make usable.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
400+
Licenses obtainedlicenses obtained
Updated
Mauritius in brief
The credible middle between offshore and onshore.
Mauritius licenses investment business under the Securities Act 2005, with the FSC issuing the investment dealer licence - full service at MUR 1,000,000 paid-up capital, the broker tier at MUR 700,000 - alongside adviser and CIS-manager routes scoped per the FSC rule book. The economics are island-sized: US$750 processing, US$2,500 a year, and an examination measured in months not years. What sets the file apart from pure offshore is substance by design: two full-time resident officers, a real Port Louis presence and audited accounts - the requirements that make the licence bankable rather than merely issued.
The commercial case is the treaty map: Mauritius runs one of the emerging world's deepest networks - 40+ agreements across Africa and Asia, and the partial-exemption system takes qualifying securities income from the 15% headline to a 3% effective rate, with no capital gains tax and no dividend withholding. That combination made the island the standard conduit for Africa-Asia mandates, and an investment dealer licensed here manages cross-border books inside a system tax authorities recognise. For managers running African portfolios, Asian distribution or the offshore leg of a Johannesburg pairing, Mauritius is the working answer. We build the file - entity, officers, capital and the FSC dialogue - end to end.
The treaty island: FSC investment dealer under the Securities Act 2005 - MUR 1M full service (MUR 700k broker), US$750/US$2,500 fees, two resident officers, audited accounts.
15% headline, 3% effective on qualifying income, no CGT, no dividend WHT, 40+ treaties across Africa and Asia. Built end to end from Port Louis.
The two builds
The full-service dealer - or the broker tier.
One Securities Act, tiered by function: the full-service investment dealer at MUR 1,000,000, the broker at MUR 700,000, adviser routes alongside. The model sets the tier. We fix it first.
The MUR 1M full-service dealer - or the broker tier.
01 - INVESTMENT DEALER · FULL SERVICE
The manager's build
Dealing, portfolio execution and underwriting on MUR 1,000,000 paid-up capital. The licence that carries discretionary books, treaty relief and institutional counterparties from Port Louis.
Dealing, portfolio execution and underwriting on MUR 1,000,000 paid-up capital. The licence that carries discretionary books, treaty relief and institutional counterparties from Port Louis.
- ✓Full dealing and execution
- ✓MUR 1,000,000 paid-up
- ✓Two resident officers
- ✓US$750 · US$2,500 fees
- ✓3% effective on qualifying income
- ✓Adviser / CIS routes stackable
02 - THE BROKER TIER
The lighter entry
Broking without underwriting at MUR 700,000. The same Act, the same treaty system, a lighter balance sheet for execution-led models that grow into full service.
Broking without underwriting at MUR 700,000. Same Act, same treaties, lighter balance sheet, upgrade path built in.
- ✓Broking and client execution
- ✓MUR 700,000 paid-up
- ✓Same substance architecture
- ✓Same fee schedule
- ✓Upgrade path to full service
- ✓Treaty network from day one
Tiers per the Securities Act 2005 and FSC rules as of 2026. Adviser and CIS-manager permissions are scoped per the FSC rule book at filing.
Why Mauritius
Six reasons managers choose the island.
✓
The treaty map
40+ agreements across Africa and Asia. The network that turns an island licence into a cross-border instrument.40+ across two continents.
✓
3% effective
The partial-exemption system takes qualifying securities income from 15% to 3%. With no CGT and no dividend withholding behind it.Engineered, defensible.
✓
Substance that banks read
Two resident officers and a real office are requirements, not options, which is exactly why counterparties accept the licence.Officers by requirement.
✓
Island economics
US$750 to process, US$2,500 a year. The running cost of credibility here is a rounding error elsewhere.US$2,500 a year.
✓
The Africa-Asia seat
One time zone from Dubai, banking both continents. The natural domicile for mandates that cross the ocean.Banks both coasts.
✓
A real regulator
The FSC examines, supervises and answers. The licence is earned, which is why it still opens doors.Earned, so it opens.
How it compares
How Mauritius differs from other routes.
The comparison that matters: the credible middle. More substance than pure offshore, a fraction of onshore cost.
Mauritius vs other jurisdictions
| Feature |  Mauritius | Other jurisdictions |
|---|---|---|
| Regime | Securities Act - FSC | Dealer or type licences |
| Capital | MUR 1M · 700k broker | US$50k-S$1M spread |
| Tax | 3% effective + treaties | 0% untreatied or 17%+ |
| Substance | 2 resident officers | Agent-only to full staff |
Regime
MauritiusSecurities Act - FSC
Other jurisdictionsDealer or type licences
Capital
MauritiusMUR 1M · 700k broker
Other jurisdictionsUS$50k-S$1M spread
Tax
Mauritius3% effective + treaties
Other jurisdictions0% untreatied or 17%+
Substance
Mauritius2 resident officers
Other jurisdictionsAgent-only to full staff
Country by country
| Country | License type | Taxation | Requirements |
|---|---|---|---|
| Mauritius | Investment dealer - FSC | 15% · 3% effective | MUR 1M, 2 officers |
 Seychelles | Securities dealer - FSA | 15%/25% source-based | US$50,000 capital |
 Labuan | Securities licensee - LFSA | 3% audited profits | RM1M intermediary |
 South Africa | Cat II FSP - FSCA | 27% | BN 194 fit-and-proper |
MauritiusLicense typeInvestment dealer - FSC
Taxation15% · 3% effective
RequirementsMUR 1M, 2 officers
SeychellesLicense typeSecurities dealer - FSA
Taxation15%/25% source-based
RequirementsUS$50,000 capital
LabuanLicense typeSecurities licensee - LFSA
Taxation3% audited profits
RequirementsRM1M intermediary
South AfricaLicense typeCat II FSP - FSCA
Taxation27%
RequirementsBN 194 fit-and-proper
Before you apply
Requirements for the Mauritius licence.Requirements for the licence.
The FSC licenses substance it can supervise. The checklist below is what a passing file contains.
01
Mauritian company. Locally incorporated, typically holding a Global Business Licence.
02
Paid-up capital. MUR 1,000,000 full service or MUR 700,000 broker, evidenced and sourced.
03
Two resident officers. Full-time, experienced individuals running the business from Mauritius.
04
Fit-and-proper shareholders. Vetted to ultimate-owner level with clean histories.
05
Business plan. Strategy, clientele and projections the FSC can interrogate.
06
Compliance architecture. MLRO, compliance officer and documented procedures.
07
Client-asset arrangements. Segregation and custody logic per the rules.
08
Auditor and accounts. A licensed auditor engaged, audited filings annually.
09
Physical office. A real Port Louis presence the Commission can visit.
10
AML/CFT programme. FIAMLA compliance with named officers.
11
Substance for tax. The spending and staffing that keep the 3% rate defensible.
01
Mauritian company, GBL.
02
Capital per tier, sourced.
03
2 resident officers.
04
Holdings vetted to UBO.
05
Interrogable plan.
06
MLRO + compliance set.
07
Client assets segregated.
08
Auditor engaged.
09
Real Port Louis office.
10
FIAMLA programme live.
11
Substance for the 3%.
Reflects the Securities Act 2005 and FSC rules as of 2026. Partial-exemption conditions are engineered into the build from day one.Securities Act 2005 + FSC rules, 2026.
How it works
From first call to the FSC register.
01
Structure
Tier, GBL architecture and treaty design fixed. The file scoped before it is built.Tier and treaties.
02
Company and officers
Mauritian entity, capital paid, two resident officers and auditor engaged.Residents secured.
03
The application
The FSC file with plan, compliance and evidence. US$750 processing, complete at submission.US$750, complete.
04
FSC examination
Queries answered on schedule. Months, not years, when the file arrived whole.Months, with answers ready.
05
Licence and launch
Register entry, banking live, treaty positions working. The island dealer operating.Between continents.
Quick facts
RegulatorFSC Mauritius
Full service capitalMUR 1,000,000
Broker tierMUR 700,000
Processing feeUS$750
Annual feeUS$2,500
Resident officers2 full-time
Realistic timeline4-8 months
Effective tax3% qualifying
The officers are the file: sourcing two credible residents early is the difference between four months and eight.
On the ground in Mauritius
Run from our Port Louis office.
Prifinance - Mauritius
Port Louis · Mauritius
Port Louis, Mauritius
01
Tier and structure
Dealer tier, GBL structure and treaty routing designed together. The licence and the tax outcome as one build.Licence + tax as one.
02
The FSC file
Business plan, compliance pack and capital evidence. Complete at filing, defended through queries.Complete at filing.
03
Officers and substance
Two resident officers sourced and vetted, office and auditor in place. Substance that examines well.Sourced early.
04
Banking and launch
Accounts opened, custody arranged, treaty positions documented. The dealer live between two continents.Treaties documented.
We also have offices in
Tallinn
Estonia
Roseni 13
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
Dubai
UAE
33 Level, Al Saqr Business Tower
London
United Kingdom
7 Bell Yard
Madeira
Portugal
Rua da Alegria 31, 1F
Istanbul
Turkey
Perpa Ticaret Merkezi, A Blok
Good to know
Taxation of investment firms in Mauritius.
The 3% system that treaties make real. Engineered, documented and defensible.
15% headline
The corporate rate before exemptions. Already competitive, and the starting point, not the outcome.The starting point.
3% effective
The partial-exemption system exempts 80% of qualifying securities income - 3% is the working rate for dealer books.80% exempted.
No capital gains tax
Portfolio appreciation and exits sit outside the charge. Manager economics stay whole.Gains stay whole.
No dividend withholding
Distributions leave the island clean. Holding structures stack without leakage.Clean exits.
Treaties 40+
The network across Africa and Asia that makes the rate usable. Relief documented per mandate.Usable relief.
Substance defends it
The exemption survives because the officers, office and spending are real. We build the defence into the structure.The defence built in.
Tax summary
Corporate tax15%
Effective - qualifying3%
Capital gains taxNone
Dividend withholdingNone
Tax treaties40+
*Figures as of 2026 per the Mauritius Revenue Authority. Partial-exemption eligibility is engineered and documented per structure.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the application file to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the application itself: Mauritian company, AML/KYC policy pack, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a live, licensed dealer.
Follow Prifinance
Active across our channels.
Mauritius · FSC
Launch your investment firm in Mauritius with expert support.
Full-service assistance - from structure and resident officers to the FSC licence and treaty design - run through our Port Louis office.
Get a consultation →Free legal opinion
Is Mauritius the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.
Written assessment within 2-5 business days
Request a free conclusion →FAQ
The Mauritius investment licence: quick answers.
What licence does an investment firm need in Mauritius?+
The investment dealer licence from the FSC under the Securities Act 2005 - full service at MUR 1,000,000 or the broker tier at MUR 700,000 - with investment adviser and CIS-manager routes stackable per the rule book.
What capital is required?+
MUR 1,000,000 paid-up for the full-service dealer, MUR 700,000 for the broker tier - evidenced with source of funds at filing.
What are the fees?+
US$750 processing and US$2,500 annually for the dealer licence - island economics that keep the running cost of credibility minimal.
What substance is required?+
Two full-time resident officers, a real Port Louis office, a licensed auditor and audited accounts - the requirements that make the licence bankable and the 3% rate defensible.
How long does licensing take?+
Realistically 4-8 months including preparation - officer sourcing is the usual critical path, so we start it first.
How does the 3% effective rate work?+
The partial-exemption system exempts 80% of qualifying securities income from the 15% corporate rate, producing 3% effective - conditional on real substance, which the licence requirements already force. No CGT and no dividend withholding complete the system.
Why Mauritius for Africa-Asia mandates?+
The treaty network - 40+ agreements across both continents - plus a time zone that banks both, made the island the standard conduit for cross-border books. The dealer licence puts a manager inside that machinery.
Is Mauritius still credible after the list years?+
Yes - the island exited the FATF and EU lists after a substance-led clean-up, and today's regime is stricter and more respected for it. The licence that survived the audit is worth more than the one that predated it.
Mauritius or Seychelles for the offshore book?+
Different instruments: Seychelles is the US$50,000 working dealer licence - fast and lean; Mauritius adds treaties, substance and the 3% system - slower, costlier, bankable deeper. Book profile decides - we model both.
Why Prifinance for Mauritius?+
Structure, officers and treaty design built as one system, and an FSC file complete at first submission - from our Port Louis office.
What licence?+
FSC investment dealer.
Capital?+
MUR 1M / 700k broker.
Fees?+
US$750 + US$2,500/yr.
Substance?+
2 officers, real office.
How long?+
4-8 months realistic.
The 3%?+
80% partial exemption.
Why here?+
Africa-Asia treaties.
Credible?+
Post-clean-up, more so.
Or Seychelles?+
Treaties vs speed.
Why you?+
Officers sourced first.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
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Get a free legal opinion on your project - our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.Free legal opinion: which Mauritius route fits your project and what it will cost.
✓Written legal opinion within 2-5 business days - free of charge✓A clear recommendation on the right licence scope, not a sales pitch✓Transparent fixed fees, confirmed up front✓EN · RU · ES speaking team
Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of FSC Mauritius or any other public authority. Authorisations are granted by, and obtained directly from, the competent authorities.