Mauritius FSC Investment Dealer Licence for Regulated Brokerage and Trading
The Mauritius Investment Dealer Licence is the FSC’s regulated route for brokerage and dealer activity under Securities Act 2005 and the Securities (Licensing) Rules 2007. It answers a practical question founders face early: do you want a securities licence that carries regulatory weight with banks and counterparties, or a lighter offshore-style setup that may not survive due diligence.
Mauritius is sometimes labelled “offshore”, but that framing misses how the securities regime works in practice. An Investment Dealer sits under ongoing supervision by the FSC, with statutory capital floors, AML expectations under FIAMLA 2002, audit and reporting discipline, and visible enforcement outcomes when firms fail to meet standards. This combination is precisely why investors treat it as a regulated structure rather than a nominal certificate.
The most important strategic point is that Mauritius does not issue a single “broker licence”. The FSC uses category-based licensing, and your category choice defines permitted activities, minimum capital, governance depth, and how intensively the regulator will test your file. Founders who choose a category based on marketing language often face delays, clarification rounds, or forced re-scoping once the FSC compares the real model to the authorised scope.
For buyers of ready-made entities, the same logic applies. A transfer-ready company still needs category fit, a clean capital narrative, and an operating model that matches what is licensed. If those elements do not align, the licence becomes difficult to use in banking, partnerships, and later investor discussions.
Table of Contents
Subtype
Dealing
Jurisdiction
Mauritius
Category
Trading
Type
Investment Dealers
Key Takeaways for Investment Dealer License in Mauritius
- Regulated brokerage scope. The licence authorises defined securities dealing and brokerage activities under the Securities Act 2005, with permissions strictly limited by the selected Investment Dealer category.
- Category drives everything. Choosing between Discount Broker, Broker, or Full Service Dealer directly sets minimum capital (from MUR 600,000 to MUR 10,000,000), governance depth, and the level of FSC scrutiny.
- Supervisory, not nominal. The FSC supervises Investment Dealers on an ongoing basis through reporting, audits, and enforcement powers, which materially affects how banks and investors view the structure.
- Substance is structural. Resident directors in Mauritius, local accounting records, and a Mauritian audit process are expected in practice, especially for Global Business profiles, and influence both licensing comfort and tax defensibility.
- No automatic banking. The licence supports credibility, but banks still assess UBO transparency, source of funds, client geography, and transaction flows independently, often becoming the real timing bottleneck.
- Expansion requires approval. Adding principal risk, underwriting features, or materially new revenue lines usually triggers category upgrades and higher capital, not informal scope creep.
- Ongoing compliance commitment. Post-licensing obligations include continuous AML controls under FIAMLA 2002, capital maintenance, annual audited financials, and prior approval for key changes.
Legasset’s role. We support both ready-made acquisitions and new applications by aligning category choice, capital logic, governance, substance, and banking reality into a single, regulator-ready structure.
Ready to Buy Mauritius Investment Dealer License
Mauritius Dealer License for Sale #1
Full Service (Excluding Underwriting)
Main Details:
• Investment Dealer licence issued by the Financial Services Commission (FSC), Mauritius
• Licence type: Full Service Dealer (excluding underwriting)
• Company incorporated on 6 June 2025
• Licence granted on 23 June 2025
• Jurisdiction: Mauritius
Authorised Activities:
• Acting as an intermediary in the execution of securities transactions for clients
• Trading in securities as principal with the intention of reselling to the public
• Providing investment advice ancillary to business activities
Banking:
• Bank One — pre-assessment stage
• MauBank — pre-assessment stage
Operational Setup:
• Two local directors appointed
• MLRO and DMLRO in place
• Flexi office arrangement in Mauritius
• Website and domain already set up
Suitable For:
• Brokerage and investment firms seeking a Mauritius-regulated dealer licence
• Groups planning securities trading and advisory operations
• Buyers requiring a newly licensed, transfer-ready investment dealer structure
Mauritius Investment Dealer License for Sale #2
Full Service (Excluding Underwriting).
Main Details:
• Investment Dealer licence issued in 2024
• Licence type: Full Service Dealer (excluding underwriting)
• Jurisdiction: Mauritius
• No client activity to date
Authorised Activities:
• Securities dealing and related investment services within licensed scope
Banking:
• Corporate bank account available
• Client bank account available
Technology:
• MetaTrader 5 (MT5) trading platform in place
Compliance and Operations:
• Compliance Officer appointed
• MLRO and DMLRO in place
• Physical office established in Mauritius
Suitable For:
• Brokerage groups seeking a Mauritius-regulated dealer
• Firms planning to launch securities trading on MT5
• Buyers requiring a licensed, non-operational structure with banking in place
Investment Dealer in Mauritius for Sale #3
Full Service (Excluding Underwriting).
Main Details:
• Investment Dealer licence issued in January 2024
• Licence type: Full Service Dealer (excluding underwriting)
• Jurisdiction: Mauritius
• Operational structure with existing client activity
Authorised Activities:
• Securities dealing and related investment services within licensed scope
Banking:
• Corporate bank account available
• Client bank account available
• Regulatory minimum capital maintained with the bank
Technology:
• MetaTrader 5 (MT5) trading platform
• White-label liquidity provider in place
Compliance and Operations:
• Compliance Officer appointed
• MLRO and DMLRO in place
• Physical office established in Mauritius
Suitable For:
• Brokerage groups seeking a Mauritius-regulated dealer
• Firms requiring MT5 with liquidity connectivity
• Buyers looking for an operational investment dealer platform
Dealer License for Sale #4
Full Service (Excluding Underwriting).
Main Details:
• Investment Dealer licence issued by the Financial Services Commission (FSC), Mauritius
• Licence type: Full Service Dealer (excluding underwriting)
• Jurisdiction: Mauritius
• Regulated framework suitable for investment dealing activities
Authorised Activities:
• Acting as an intermediary in the execution of securities transactions
• Trading in securities as principal
• Providing investment advice ancillary to core business activities
Operational Scope:
• Licence enables comprehensive investment dealing operations
• Suitable for securities trading and advisory models within a regulated jurisdiction
Suitable For:
• Brokerage and investment firms
• Groups seeking a Mauritius-regulated investment dealer structure
• Buyers planning securities dealing and advisory operations
Mauritius Investment Dealer (Broker) Licence for Sale #5
Main Details:
• Licence type: Investment Dealer (Broker)
• Licence issue date: 7 July 2020
• Regulatory status: Good standing, clean licence
Authorized Activities:
• Investment dealing and brokerage activities
• Execution of trading services under the Investment Dealer regulatory framework
Banking:
• Corporate bank account in place
Capital Requirement:
• Minimum capital: MUR 700,000
Operational Notes:
• Monthly operational fees: USD 5,000
– Administration and local compliance included
– Local director fees excluded
• Monthly fees apply immediately after acquisition
• Trading platform: not included
• Financial statements: 2024 available
• Payment terms: structured in 3 tranches
Suitable For:
• Brokerage and investment firms
• Financial services groups seeking a regulated Mauritius structure
Mauritius Full-Service Investment Dealer Licence for Sale #6
Full Service (Excluding Underwriting).
Main Details:
• Regulator: Financial Services Commission (FSC), Mauritius
• Licence type: Investment Dealer – Full Service (excluding underwriting)
• Licence issue date: September 2025
• Jurisdiction: Mauritius
• Status: Newly licensed, clean, not previously operational
Authorized Activities:
• Intermediation in the execution of securities transactions for clients
• Trading in securities as principal with intent to resell to the public
• Provision of ancillary investment advice in the ordinary course of business
Governance & Compliance:
• Two fit and proper local directors in place
• Approved MLRO appointed in line with FSC requirements
• Approved DMLRO appointed in line with FSC requirements
• Existing shareholder available to support activation and transition
• Nominee shareholder arrangement available under Declaration of Trust (monthly fee applies)
Banking:
• Corporate bank account in process with MauBank
Operational Notes:
• No trading platform currently connected
• No clients onboarded to date
• Buyer required to activate and operate the licence for a minimum of 3 months prior to formal share transfer
– Client screening and risk rating
– Accounting, audit liaison and tax compliance
– Compliance Officer
– Money Laundering Reporting Officer
– Deputy Money Laundering Reporting Officer
– Data Protection Officer
Mauritius Investment Dealer (Broker) Licence for Sale #7
Main Details:
• Licence type: Investment Dealer (Broker)
• Licence issue date: 7 July 2020
• Jurisdiction: Mauritius
• Registered office: Ebene, Mauritius
• Regulatory status: Good standing, clean licence, no outstanding liabilities
Authorized Activities:
• Provision of investment dealing and brokerage services in accordance with FSC regulations
Capital Requirement:
• Minimum capital: MUR 700,000
Banking:
• Corporate bank account established and in place
Operational Notes:
• Trading platform: none connected
• Financial statements: 2024 available
• Payment terms structured in two tranches:
– 50% payable on signing of the Share Purchase Agreement
– 50% payable upon submission of director and shareholder changes
How the Mauritius FSC Investment Dealer Licence Works in Practice
The FSC is a supervisory regulator, not a registry. It assesses Investment Dealer applications through category-specific forms and criteria, and it continues supervision after licensing through reporting, governance expectations, and compliance monitoring. This is why Mauritius can work well for founders who want a regulated story, but it can frustrate teams expecting a light-touch licence.
The backbone is Securities Act 2005 and the Securities (Licensing) Rules 2007. In practical terms, these instruments create a controlled perimeter around what an Investment Dealer may do, how capital is measured, and how a licence can be varied, suspended, or surrendered. This matters because the regulator will test whether your business plan, contracts, and revenue mechanics fit the permissions you request.
Category selection becomes your operating budget. It sets the capital floor, shapes governance expectations, and influences how much operational evidence the FSC expects to see. Choosing a broader category “just in case” rarely helps. It increases cost and scrutiny, without giving meaningful flexibility if the business model is not credible at that level.
Permitted Activities by Investment Dealer Category
The FSC does not grant “multi-everything” permissions by default. Each Investment Dealer category provides a defined scope, and the FSC checks that your operating model matches that scope. In practice, the regulator looks through the label and focuses on behaviour: where risk sits, how clients are handled, and whether the firm is acting as intermediary or principal.
At the top end, Full Service Dealer (including underwriting) is designed for businesses that participate in underwriting or distribution activity. It is a higher supervisory tier, with a materially higher capital floor and stronger governance expectations. Teams considering this category should treat it as a different regulatory posture, not an upgrade checkbox.
For many brokerage models, Full Service Dealer (excluding underwriting) is the common path when the firm needs broader dealing scope without underwriting exposure. Broker and Discount Broker categories sit lower and are generally used for narrower execution and intermediary models. These lower categories can work well when the firm avoids principal risk and keeps client agreements and order handling consistent with the authorised scope.
What the Licence Does Not Provide
This licence does not create EU or UK passporting rights. If you need regulated market access in those regions, you plan separate authorisations and separate marketing compliance. Mauritius can support an international operating model, but it does not override host-country securities rules where clients are based.
It also does not guarantee banking or payment rails. Banks and PSPs run their own risk review, and their decision often depends on the quality of governance, UBO transparency, source-of-funds logic, and how the firm acquires clients. A licence helps credibility, but it does not replace a bank-grade compliance story.
Finally, it is not a blanket permission for unrelated financial services. If the firm’s scope drifts beyond what is authorised, the risk appears quickly during supervisory reviews, audits, or partner due diligence. The safest path is to design the model around the chosen category, then expand only through a structured category upgrade.
Prudential Categories and Capital Consequences under FSC Rules
Minimum Stated Unimpaired Capital by Category (Mauritius)
| Investment Dealer Category | Minimum Stated Unimpaired Capital (MUR) |
|---|---|
| Discount Broker | MUR 600,000 |
| Broker | MUR 700,000 |
| Full Service (excluding underwriting) | MUR 1,000,000 |
| Full Service (including underwriting) | MUR 10,000,000 |
The underwriting category is the capital cliff. Moving from MUR 1,000,000 to MUR 10,000,000 changes the investor narrative, governance expectations, and review intensity. If your revenue model does not genuinely involve underwriting or distribution risk, the higher tier usually creates more friction than value.
Capital Maintenance and “Launch Readiness” Reality
Capital planning is not only about meeting the threshold once. The FSC expects the firm to remain adequately capitalised as it begins operations, incurs expenses, and scales onboarding. This is why early-stage firms should model capital with conservative buffers, especially if the business targets retail clients or uses higher-risk acquisition channels.
For structures that operate with Global Business expectations, the practical “substance story” also matters. The FSC publishes baseline expectations such as resident directors, local records and audit, and a principal bank account in Mauritius. These are not cosmetic requirements. They influence how banks and counterparties view management and control, and how credible the operating model appears.
- Including underwriting is not a checkbox upgrade. It places the firm in a different supervisory tier with a different capital and governance posture.
Tax Treatment and Economic Substance for FSC-Licensed Investment Dealers in Mauritius
Corporate Tax and Partial Exemption Framework for Mauritius Investment Dealers
Mauritius applies a 15% corporate income tax rate as the baseline. For most dealer models, the question is not the headline rate. The question is whether the firm can credibly qualify for relief on defined income streams.
In practice, many FSC-licensed dealers review the Partial Exemption regime. It can reduce the effective tax burden on certain categories of income. It is conditional, and it is assessed on facts and documents.
Not every brokerage revenue line qualifies. Treatment can differ across commissions, trading income, advisory fees, dividends, and interest. This is why “effective rate” claims are rarely reliable without a revenue breakdown.
From a structuring perspective, tax planning must follow operations. The FSC regulates securities activity, not tax outcomes. The tax analysis sits with the Mauritius tax framework and how income is generated and evidenced.
If substance is thin or activities are booked offshore, relief becomes harder to defend. In those cases, the firm typically remains taxed at the standard rate. The licence itself does not create a shortcut.
Substance Conditions That Affect Approval, Renewals, and Tax Outcomes in Mauritius
Substance is not a nice-to-have in Mauritius. It affects licensing comfort, banking onboarding, audit readiness, and tax defensibility. Weak substance tends to surface later, often when the business starts scaling.
For firms operating with a Global Business profile, the market expectation is clear. You plan for resident directors in Mauritius, typically at least two. You also plan for governance that actually functions, not signatures.
A Mauritian bank account is part of that reality. The licence does not guarantee banking. Still, maintaining a principal Mauritius account supports the management-and-control narrative during audits and due diligence.
Operational substance also means local accounting records and an audit process in Mauritius. Those elements connect directly to regulatory supervision and to how a Partial Exemption position is evaluated. If the records are not consistent, the structure becomes fragile.
Market Positioning — When a Mauritius Investment Dealer Licence Makes Sense
Why Founders Choose Mauritius Over “Lighter” Broker Setups
Mauritius is chosen by teams who want a regulated perimeter for brokerage activity. The regime is category-based, with published capital thresholds and official fees. That makes it easier to model compliance and investor expectations early.
Compared to “light-touch” jurisdictions, Mauritius usually performs better in due diligence. Banks and counterparties often respond better to a licence issued under a securities law framework. The trade-off is ongoing reporting, governance, and AML discipline.
The practical advantage is clarity. You can operate with a defined licence class, rather than stretching a vague permission. That reduces enforcement risk when the business grows.
When This Licence Is the Wrong Tool for a Brokerage Business
If your plan depends on EU or UK market access, Mauritius is not a substitute. A Mauritius licence does not provide passporting into regulated European markets. You will need separate permissions and compliance runway.
If you want a remote setup with nominal local presence, the structure becomes expensive fast. Governance, audit, and local oversight are recurring costs. Trying to avoid them usually creates banking and renewal problems.
If your model relies on aggressive marketing without jurisdiction-by-jurisdiction analysis, the risk profile rises. So do banking questions and regulatory attention. For those models, founders often underestimate friction and timelines.
- Strategic Reality: Mauritius is not a shortcut. It rewards alignment between category, capital, and governance.
Eligibility Requirements for an FSC Investment Dealer in Mauritius
Eligibility is assessed as a single story. The FSC looks at ownership clarity, governance credibility, capital readiness, and operational consistency. Delays usually come from contradictions between documents and real operating mechanics.
- Ownership & Controllers
The FSC expects transparent UBO disclosure and a coherent source-of-funds narrative. Complex holding chains can work, but only when control and economic interest are easy to trace. If the funding story is unclear, clarification rounds are common. - Prudential Category & Capital Logic
Category choice must match how money is earned and where risk sits. Minimum stated unimpaired capital ranges from MUR 600,000 to MUR 10,000,000, depending on the category. Capital must remain unimpaired, not temporarily parked. - Governance & Key Individuals
Titles are not enough. Directors must show relevant experience and real involvement. Control functions such as Compliance Officer and MLRO must fit the client risk and activity scope. - Substance & Local Presence
Management and control should be defensible in practice. This typically means resident directors, local records, and an audit process in Mauritius. Substance gaps often show up through banking friction and supervisory questions. - Technology & Operational Readiness
The FSC expects systems that support your activity and AML model. This includes onboarding workflows, recordkeeping, monitoring tools, and oversight of outsourced providers. Template policies without operational evidence tend to slow review. - Banking and Capital Proof Reality
Capital planning is not theoretical. You need a realistic path to account opening, capital placement, and ongoing liquidity management. If banking readiness is missing, the project may stall even with a workable model.
Pros & Cons of a Mauritius FSC Investment Dealer Licence
+ Defined licence classes. Categories tie activities, capital, and supervision to the real business model.
+ Published capital thresholds. Minimum stated unimpaired capital is set per category, supporting predictable planning.
+ Regulatory credibility. A securities-law framework can help in investor and counterparty due diligence.
+ Structured scalability. Category upgrades provide a regulated route to expand scope when the model matures.
+ Tax planning potential. Partial Exemption may apply to specified income when conditions and substance align.
– Not light-touch. Ongoing governance, AML, reporting, and audit obligations are real operational commitments.
– Banking not automatic. Banks still assess UBO risk, client geographies, and transaction patterns independently.
– Category mismatch risk. Over-scoping or under-scoping often triggers rework, delays, or capital uplift requests.
– Fixed substance costs. Directors, audit, and local governance create recurring costs from the start.
– No EU/UK access. The licence does not provide passporting into European regulated markets.
How to Acquire or Obtain a Mauritius FSC Investment Dealer Licence
There are two standard routes into the Mauritius Investment Dealer regime. You can either acquire a ready-made licensed entity, or apply for a new licence with a scope built around your business model. In both cases, the entity operates under the same FSC supervisory framework once ownership or licensing is completed.
- A ready-made route is often the right choice when timing matters and the business needs a regulated platform that is already in place. When the entity has clean governance, clear records, and a licence category that matches the intended activity, acquisition can be both efficient and operationally stable. The regulatory focus then shifts to ownership, governance continuity, and ongoing compliance.
- A new application is typically chosen when founders want full control over category selection, documentation, and operating logic from day one. It is also preferred for specialised models or where a clean compliance history under new ownership is a priority. This route takes longer, but it allows the licence to be structured precisely around the planned activity.
Our team supports both approaches. We help clients assess and acquire transfer-ready licensed entities, manage FSC approvals for ownership and governance changes, and prepare full licence applications from scratch where a new filing is the better strategic fit.
Step-by-Step Licensing Process in Mauritius
- Step 1: Choose licence category and entry route 1–2 weeks
We map the proposed activity to the correct dealer category and confirm whether acquisition or a fresh application is more appropriate.
Key Documents: scope memo, revenue mechanics summary, client profile outline.
Estimated Cost: advisory scoping and regulatory mapping.
Timeline: 1–2 weeks. - Step 2: Structure governance and substance plan 2–4 weeks including GBC certificate and FSC GBC approval
We set board composition, resident director coverage, and a credible management-and-control model aligned with FSC expectations.
Key Documents: group structure chart, director CVs, governance and substance plan.
Estimated Cost: corporate services, directors, governance setup.
Timeline: 2–4 weeks (often overlaps Step 1). - Step 3: Build the licensing file and AML framework 3-6 weeks
We prepare the full operational file, including AML/CFT controls under FIAMLA 2002, and financial forecasts consistent with the selected category.
Key Documents: AML/CFT manual, compliance framework, internal procedures, three-year projections.
Estimated Cost: compliance drafting, financial modelling, internal review cycles.
Timeline: 3–6 weeks. - Step 4: Submit to the FSC and manage the review 6–12 weeks
We submit the prescribed application forms and coordinate all interaction with the regulator during the review process.
Key Documents: FSC application forms, annexes, declarations, supporting evidence.
Estimated Cost: official FSC processing fees and coordination work.
Timeline: 6–12 weeks, depending on scope and complexity. - Step 5: Clarifications and approval conditions 2-8 weeks
Most applications receive clarification requests on capital, governance authority, AML controls, or scope wording. Approval is usually conditional on addressing these points.
Key Documents: clarification responses, revised policies, undertakings, supporting proofs.
Estimated Cost: additional drafting and review time.
Timeline: 2–8 weeks, case-dependent. - Step 6: Activate operations, audit, and banking 4-8 weeks
After approval, we support capital placement, auditor onboarding in Mauritius, and banking applications aligned with the licensing narrative.
Key Documents: capital evidence, auditor engagement letter, bank onboarding pack.
Estimated Cost: capital injection, audit retainer, banking setup work.
Timeline: 4–8 weeks to operational readiness.
General Timeline
- Licensing timelines improve materially when category scope, capital logic, and governance authority are aligned from the first submission.
- For a new licence application, founders should typically plan for 4–6 months from initial scoping to a fully operational structure, depending on FSC queries and banking onboarding. A ready-made acquisition can shorten this timeline, subject to regulator comfort with ownership and governance changes.
Post-Licensing Compliance Obligations under FSC Supervision in Mauritius
AML, CDD, and Monitoring
After licensing, AML controls must run continuously under FIAMLA 2002. Expect risk-based onboarding, ongoing monitoring, periodic reviews, and suspicious transaction reporting. AML weaknesses tend to trigger follow-ups first.
Regulatory Reporting and Audit
Investment Dealers must maintain capital and file ongoing regulatory deliverables. Annual audited financial statements are a recurring requirement. Late, inconsistent, or template reporting creates supervisory attention.
Governance, Notifications, and Change Controls
Changes in controllers, directors, senior officers, business scope, or key outsourcing usually require FSC notification or approval. Acting first and reporting later is treated as a governance failure. This matters during renewals and banking reviews.
Tax Filings and Substance Maintenance
Tax compliance runs in parallel to licensing compliance. If Partial Exemption is used, evidence must match the business reality. Substance drift often undermines both tax positions and operating stability.
- Compliance Reality: Many budgets cover licensing, but miss recurring costs for AML, audit, and governance.
Common Pitfalls and Challenges with Mauritius Investment Dealer Licences
Frequent FSC Objections
Most objections relate to category misalignment and unclear risk placement. Weak AML logic and vague activity descriptions often cause repeated clarifications. The fastest files are internally consistent across contracts, procedures, and forecasts.
Banking & Payments Roadblocks
A licence helps, but it does not force a bank to onboard you. Delays often come from inconsistent UBO narratives, high-risk client geographies, or unclear transaction flows. Banking preparation should start before filing.
Expansion & Category Upgrades
Firms often expand activity informally and later discover they outgrew their category. Moving into underwriting-like exposure or principal risk typically requires re-scoping and higher capital. That can interrupt operations if done late.
Controller Changes & M&A
Share transfers and new investors often trigger FSC review and approval steps. Deals stall when regulatory sequencing is ignored. We plan these triggers early in the transaction timeline.
- Risk Insight: The most underestimated risk is treating the licence as a static asset, not a live supervisory relationship.
FAQ — Mauritius FSC Investment Dealer Licence
How long does it take to obtain a Mauritius FSC Investment Dealer Licence?
For a new licence application, most founders should plan 4–6 months from scoping to operational readiness. A ready-made acquisition can be faster, but timing still depends on ownership/governance changes and banking onboarding.
What business models fit the Mauritius Investment Dealer categories best?
The regime is built for defined securities dealing and brokerage models, where the activity clearly matches the selected category. The FSC will test where risk sits, how orders are handled, and whether you act as intermediary or principal.
Can we onboard retail clients, or is this mainly for professional clients?
Both can be possible, but the client profile drives your AML depth, governance expectations, and how much operational evidence the FSC expects. Retail-facing flows usually trigger more scrutiny on onboarding, suitability/disclosures, and monitoring controls.
What minimum capital is required for a Mauritius Investment Dealer Licence?
Minimum stated unimpaired capital is category-based, ranging from MUR 600,000 up to MUR 10,000,000. It is a prudential floor that must remain unimpaired, so you need to model it against real operating costs.
Does the licence guarantee a bank account or payment rails?
No. Banks and PSPs make their own risk decision based on UBO transparency, source-of-funds logic, client geographies, and transaction patterns. A licence helps credibility, but it does not replace a bank-grade compliance story.
Does the Mauritius FSC Investment Dealer Licence cover crypto or virtual assets?
Not automatically. If your model involves crypto rails, token exposure, or custody-like features, the scope must be analysed carefully against securities and AML requirements, and the documentation must reflect the real risk profile. In many cases, firms need tighter category scoping and stronger controls to make banking viable.
How can Legasset help with a ready-made acquisition versus a new application?
For ready-made entities, we focus on category fit, governance continuity, capital narrative, and transaction sequencing around regulatory and banking reality. For new applications, we build the full file end-to-end: category scoping, governance and substance planning, AML framework, and regulator Q&A through approval and launch.
Additional Resources & Links — Mauritius FSC Investment Dealer Licence
Official website of the Financial Services Commission, the primary licensing and supervisory authority for non-bank financial services in Mauritius, including investment dealers, securities firms, and capital markets participants. Contains regulatory guidance, supervisory notices, and enforcement actions.
II. Securities Act 2005 (Mauritius)
Core legislation governing securities business in Mauritius. Establishes the legal framework for investment dealing, licensing requirements, conduct of business rules, and the regulatory powers of the FSC over market participants.
III. Securities (Licensing) Rules 2007
Official subsidiary legislation detailing the licensing mechanics for securities-related activities. Defines Investment Dealer categories, capital and prudential thresholds, application procedures, and ongoing compliance obligations under the FSC regime.
IV. Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA)
Primary AML/CFT statute applicable to FSC-licensed entities. Sets out customer due diligence, reporting obligations, internal controls, and cooperation duties with the Financial Intelligence Unit for investment dealers and other regulated persons.
V. Financial Intelligence Unit (FIU) of Mauritius
Official authority responsible for AML/CFT supervision and suspicious transaction reporting. Provides guidance, reporting frameworks, and enforcement coordination relevant to securities firms and investment dealers operating under FSC supervision.
