Regulations for Forex broker license in Mauritius

The regulation of financial forex related companies in Mauritius is overseen by the Financial Services Commission (FSC). The FSC is responsible for the licensing, supervision, and control of financial services – ensuring the protection of investors’ funds.

Taxation of forex companies in Mauritius

  • There are no capital gains tax and no withholding tax on dividends, interest, and royalties
  • A Global Business Category entity holding an Investment Dealer License benefits from a deemed tax credit, which results in a maximum effective tax rate of 3% on its tradable profits

Types of Forex licensing in Mauritius

License typeDescription of license
Investment Dealer: Full service dealer (FSD)
  • Act as an intermediary in the execution of securities transactions for clients
  • Trade in securities as principal with the intention of reselling these securities to the public
  • Manage portfolios of clients
  • Give investment advice which is ancillary to the normal course of his business activities
  • Underwrite or distribute securities on behalf of an issuer or a holder of securities
Investment Dealer: Broker
  • Execute orders for clients, manage portfolios of clients and give advice on securities transactions to clients
Investment Dealer: Derivatives
  • Act as an intermediary in the execution of orders for clients in derivatives contracts
  • Act as market maker
Investment Dealer: Discount Broker
  • Execute orders for clients without giving advice
Investment Adviser: Unrestricted
  • Manage, under a mandate, portfolios of securities and give advice on securities transactions other than corporate finance advisory, through printed materials or any other means
Investment Adviser: Restricted
  • Give advice on securities transactions other than corporate finance advisory, through printed materials or any other means

Overview of requirements to obtain forex license in Mauritius

  • Employ at least 2 local directors in Mauritius, AML officer (required personnel can be provided by Legalaes)
  • Open bank account in a local bank
  • Previous experience in financial background
  • Share capital contribution from 14 000 USD
  • Efficient business plan (can be prepared by Legalaes team)
  • Comply with local laws
  • Keep financial reports in Mauritius
  • Conduct regular audits

Estimated time frames to obtain forex license in Mauritius

Business name verification

1-5 days

Company formation

up to 2 weeks

Documents preparation

1 month

Forex license obtainment

3-4 months*

* The timeline also depends on the workload of FSC and any clarifications and queries that FSC may request in relation to the application.

Legal services for obtaining Forex broker license in Mauritius

Basic Package

20,000USD initial set up

  • Turnkey company formation
  • Registering share capital
  • Legal address for 1 year
  • Corporate documents
  • AML/KYC policies and other internal documents
  • HR services for appointing required local employees (Director, MLRO, Compliance)
  • Search for business premises for rent
  • Applying for the license and ongoing monitoring

Registration of the Forex Dealer licensed company under the minimum regulatory requirements

Additional services on request

  • Bank account opening
  • Business plan
  • Adaptation of prepared documents
  • Accounting services
  • Legal opinion
  • Assistance in opening bank account
  • Setting up KYC/KYT provider
  • Apostilled corporate documents
  • Legal support

Ready-Made solution

available on request

  • Registered company
  • Legal address for 1 year
  • No debts, no liabilities – clean company
  • Registered share capital
  • Active license
  • Corporate documents
  • Assistance with transfer of ownership

Jegor Kupratsevits

Head of Finance Projects

Requirements for Forex licensing in Mauritius

List of required documents

  • KYC Form: KYC form detailing the business activities, company name, registered address, shareholders, directors, key personnel and other relevant information.
  • Business Plan: A detailed business plan including strategy, financial projections, marketing plans, and KYC procedures for assessing client risk and complying with anti-money laundering regulations is essential.
  • Memorandum and Articles of Association (MAA): These documents are prepared during the legal procedure to register the company.
  • Proof and Source of Funds: Applicants for forex license in Mauritius must provide evidence of their financial capability through Proof of Funds, demonstrating the availability of the minimum required capital and operational liquidity.
  • Insurance: Obtaining an insurance quote for the business and submitting it along with the application is advised.
  • CVs of Key Personnel: Resumes of all individuals in significant roles, such as directors and the AML officer, highlighting their qualifications and experience in the financial sector.
  • Personal Questionnaire (PQ) Form: A comprehensive form filled out by key personnel and shareholders, providing detailed personal and professional information to assess their suitability and integrity for their roles within the company.
  • Implementation of Policies and procedures: Establishment and documentation of internal policies and procedures to ensure regulatory compliance and operational integrity.
  • Platform and Liquidity Providers Information: Details of the trading platform and liquidity providers, demonstrating robust and secure trading infrastructure.

Share Capital and Government Fees

  • Minimum Share Capital: The required minimum capital varies by the type of forex license in Mauritius – from MUR 500,000 up to MUR 10,000,000.
  • Bank Account: Opening a local bank account in Mauritius is necessary for depositing share capital and handling transactions.
  • Government Fees: The government processing, application, and registration fees for an Investment Dealer license in Mauritius range between USD 4,000 and USD 6,000, while the annual fee varies from USD 2,000 to USD 10,000, depending on the scope of activity.

Personnel Requirements

  • AML Officer: Expert in AML regulations with experience in financial compliance. Certification in AML practices preferred.
  • DMLRO: Knowledgeable in AML/CFT, supporting the AML Officer.
  • Compliance Officers: Experienced in financial services compliance, understanding regulatory requirements.
  • Two Local Directors: Residents of Mauritius with experience in financial management and corporate governance.
  • Investment Dealer Team Members: At least two members with skills in investment dealing and financial analysis are required. Indicate if personnel are regulated, licensed, or have experience, providing evidence of such status if applicable.
  • Auditor: The audit firm should be approved by the Financial Reporting Council (FRC)

Business premises requirements

  • The forex licensed company in Mauritius is required to keep its accounting records at its registered office in Mauritius.

Roadmap of obtaining Forex license in Mauritius

For more detailed road map of the project and commercial offer – get in touch with our Forex professional.

Jegor Kupratsevits

Head of Finance Projects



Collaboration with responsible stakeholders to perform due diligence. Creating necessary legal documents, agreements, business plan and compliance manuals. Reviewing contracts and issuing legal certificates. Preparing required documentation and application forms for submission.


HR Service of necessary local compliance team.

Our team will ensure to provide you with a range of options for a high-caliber local compliance team possessing the necessary experience in the field, essential for obtaining the licenses.



The application package is being submitted to both the FSC and ROC, while simultaneously initiating the process for opening a bank account


Follow up

Follow up with the authorities, addressing any inquiries posed by the FSC, until the issuance of the certificate of incorporation and license. Additionally, completing the bank account registration process by submitting the required documents to the bank.



The FSC grants approval, and the Registrar of Companies proceeds with the issuance of the Certificate of Incorporation. The initial board meeting is held to formalize the licensing conditions and the operational procedures for the bank account(s).


Bank account(s) Opening

Submitting the Certificate of Incorporation and FSC approval to the financial institution to finish corporate account opening and activation process.

Advantages of registration Forex company in Mauritius

Links for legislation related to Forex business in Mauritius

Establishes the regulatory framework for securities and capital markets in Mauritius, defining the oversight and regulation of securities dealers, market operators, and the conduct of securities transactions. The Act aims to ensure fairness, efficiency, and transparency in the securities market, balancing the interests of issuers, investors, and intermediaries.

Provides a comprehensive legal structure for the supervision and regulation of non-banking financial services, including forex trading. The Act covers licensing requirements, the conduct of financial business, and the roles and responsibilities of the Financial Services Commission (FSC) in ensuring the integrity and stability of Mauritius’ financial system.

Regulates the incorporation, management, and administration of companies within Mauritius. It outlines the legal obligations of companies, directors, and shareholders, aiming to promote good governance, protect investors, and ensure corporate transparency and accountability.

Offers detailed guidelines for financial institutions on implementing effective AML/CFT measures. It outlines the principles, procedures, and controls required to prevent, detect, and report money laundering and terrorism financing activities, ensuring compliance with both local and international standards.

Details the specific requirements and standards that applicants must meet to obtain a forex license in Mauritius. This includes educational qualifications, financial requirements, operational capabilities, and adherence to regulatory and compliance norms. The criteria aim to ensure that only competent and financially sound entities can offer forex trading services to the public.

Mauritius forex license regulatory body

FAQ about Forex license in Mauritius

1. What makes Mauritius an attractive choice for a Forex License?

Choosing Mauritius for your Forex license offers several benefits, including its respected global standing, advantageous tax conditions, and a regulatory environment that balances strict oversight with accessibility for businesses.

2. Who requires a Forex trading license in Mauritius?

Any firm looking to engage in the forex market or offer investment services must secure a trading license in Mauritius to operate legally.

3. Can overseas companies apply for a Forex license in Mauritius?

Absolutely. International companies can apply for a Forex license in Mauritius, provided they establish a local office and comply with the regulatory requirements set by the Mauritian authorities.

4. What's the validity period of a Mauritius Forex license?

Initially, a Forex license in Mauritius is valid for one year. License holders can renew it annually, subject to continued compliance with regulatory standards and payment of the necessary renewal fees.

5. What kind of services can I offer with a financial license from Mauritius?

With a financial license from Mauritius, you can provide a range of services, including Forex trading, investment advisory, asset management, and brokerage services.

6. How much time does it take to secure a Forex license in Mauritius?

Typically, the process to secure a Forex license in Mauritius spans about three months. However, this timeline can extend if the regulatory body requests additional documentation or clarifications during the application review.

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