Investment Dealer License

Capital requirements vary by license category:

Investment Dealer Categories:
• Full Service (including underwriting): MUR 10M (≈USD 220,000)
• Full Service (excluding underwriting): MUR 1M (≈USD 22,000)
• Broker: MUR 700K (≈USD 15,000)
• Discount Broker: MUR 600K (≈USD 13,000)

Investment Adviser Categories:
• Corporate Finance Advisory: MUR 1M (≈USD 22,000)
• Unrestricted: MUR 600K (≈USD 13,000)
• Restricted: MUR 500K (≈USD 11,000)

This capital must be fully paid-up and maintained throughout the license period.

Professional setup costs are competitive and comprehensive:

Our Complete Service Package:
• Standard setup: From USD 35,000 (all-inclusive)
• Premium setup: From USD 50,000 (enhanced services)

What is Included:
• Company incorporation in Mauritius
• FSC license application and processing
• Legal documentation and compliance manuals
• Office setup and local presence
• Banking assistance and account opening
• Key personnel placement (directors, compliance)

Government Fees:
• FSC application fee: USD 1,000-2,500 (depending on license type)
• Registration and filing fees: USD 500-1,000

We handle everything so you can focus on your business.

Annual ongoing costs are transparent and predictable:

Mandatory Annual Costs:
• FSC license renewal fee: USD 2,500-5,000 (varies by license type)
• Local office and administration: USD 12,000-18,000
• Compliance officer and local staff: USD 24,000-36,000
• Audit and accounting: USD 8,000-12,000
• Legal and regulatory updates: USD 3,000-5,000

Optional Services:
• Enhanced compliance support
• Business development assistance
• Additional staff or office upgrades

Total estimated annual costs: USD 50,000-75,000 depending on license type and service level.

Mauritius offers exceptional tax advantages for international financial services:

Corporate Tax Benefits:
• 15% corporate tax rate (among the lowest globally)
• 3% deemed foreign source income for qualifying companies
• Extensive double taxation treaties with 40+ countries

Additional Tax Benefits:
• No withholding tax on dividends to non-residents
• No capital gains tax on securities transactions
• No inheritance tax
• Partial exemption on foreign source income

Global Business License benefits:
• Access to preferential tax rates under treaty network
• Substance requirements that are practical and achievable
• Professional tax planning opportunities

Example: A broker with USD 1M profit could pay as little as USD 30,000 in taxes (3% effective rate) under the optimal structure.

The scope of services depends on your specific license category:

Investment Dealer - Full Service:
• Securities intermediation – execute transactions for clients
• Principal trading – trade for your own account with resale intention
• Underwriting services – distribute securities for issuers (if authorized)
• Portfolio management – discretionary management of client assets
• Investment advice – ancillary to your main business activities

Investment Adviser Services:
• Portfolio management under mandate
• Securities advisory through various channels
• Corporate finance advisory – M&A, capital raising, listing compliance

Geographic Scope:
• Global operations from Mauritius base
• Multiple asset classes – equities, bonds, derivatives, FX
• Multiple client types – retail, professional, institutional

FSC requires comprehensive ongoing compliance to maintain your license:

Financial Reporting:
• Annual audited accounts (within 6 months of year-end)
• Quarterly regulatory returns and statistical reports
• Capital adequacy monitoring and monthly reporting
• Client money reconciliation and reporting

Operational Compliance:
• Client fund segregation – separate from company accounts
• AML/CFT procedures – ongoing due diligence and monitoring
• Risk management framework – policies, procedures, monitoring
• Record keeping – all transactions and client communications

Governance Requirements:
• Board meetings – minimum quarterly with proper minutes
• Compliance monitoring – regular reviews and updates
• Staff training – ongoing education on regulatory changes
• Incident reporting – breaches, complaints, operational issues

Our Support:
We provide comprehensive compliance support to ensure all obligations are met efficiently and effectively.

Maintaining your FSC license requires consistent attention to regulatory requirements:

Financial Compliance:
• Maintain minimum capital at all times above required levels
• Submit timely reports – financial, statistical, regulatory
• Pay all fees and levies on schedule
• Keep proper accounting records and audit trails

Operational Standards:
• Adequate local presence – office, staff, management
• Professional conduct – fair dealing with clients
• Proper systems and controls – IT, risk management, compliance
• Client protection – segregation, insurance, dispute resolution

Ongoing Engagement:
• Respond promptly to FSC communications and inquiries
• Notify changes – directors, shareholders, address, activities
• Maintain professional standards – staff training, qualifications
• Regular compliance reviews – internal audits and assessments

Best Practices:
• Proactive communication with FSC
• Professional advisory support
• Regular compliance updates and training
• Strong corporate governance

We provide ongoing support to ensure your license remains in excellent standing.

Yes, Mauritius Investment Dealer License provides excellent global operational capabilities:

Geographic Advantages:
• Strategic location – between Europe, Asia, and Africa
• Excellent time zone coverage – overlap with major financial centers
• Strong telecommunications and digital infrastructure
• English-speaking professional environment

Regulatory Benefits:
• Passport to global markets – FSC license recognized internationally
• Treaty network access – 40+ double taxation treaties
• Flexible operations – can serve clients globally
• No geographic restrictions on client base

Practical Considerations:
• Marketing restrictions – comply with local laws in client jurisdictions
• Cross-border regulations – understand client country requirements
• Currency and payment systems – multi-currency capabilities
• Professional relationships – banks, liquidity providers, technology vendors

Our Global Support:
• International banking relationships
• Technology infrastructure for global operations
• Professional network and industry connections
• Cross-border compliance guidance

Mauritius provides an excellent base for global financial services operations.

Brokeret provides comprehensive ongoing support to ensure your Mauritius operations run smoothly:

Regulatory Support:
• FSC liaison – handle all regulatory communications
• Compliance monitoring – ongoing reviews and updates
• Regulatory reporting – prepare and submit all required reports
• License renewals – annual renewals and fee payments

Operational Services:
• Local management – experienced professionals handling day-to-day operations
• Office and administration – maintained to FSC standards
• Banking relationships – ongoing bank account management
• Staff and HR services – local team management

Business Development:
• Strategic advisory – business growth and expansion planning
• Market intelligence – regulatory updates and market insights
• Professional networking – introductions to key industry players
• Technology solutions – platform integration and system support

Value-Added Services:
• Tax planning and optimization strategies
• Corporate structuring advice
• Risk management framework development
• Training and education for your team

Our goal is to be your trusted partner for long-term success in Mauritius and globally.