What is a Mauritius FSC license?
Mauritius Financial Services Commission, FSC) regulates non-bank financial services。The "FSC license" mentioned on the page is not a single license：asset Management、investment dealer、fund、global business、Activities such as virtual asset services correspond to different codes.、Legal basis、Application form、Licensing standards and fees。
Before applying, you should first describe the services to be provided、Whether to hold client assets、Trading permissions、Customer location and cross-border marketing methods are mapped toFSC Codified List (revised on July 1, 2026)。This page directly lists the application form、Licensing standards、Legal terms、Processing fees and annual fees；Approved entities can be found atOnline directory of FSC licenseesVerify。
tax resident、Global Business Licence、Economic substance and cross-border tax treatment belong to another set of factual judgments，Tax rates or tax consequences should not be presumed solely based on obtaining an FSC license。
Applicable enterprises and entry thresholds
Suitable for those who wish to provide transaction matching to international clients、Institutions that provide brokerage execution or related investment services。
Suitable for having a clear strategy、Asset management team with risk control model and investment committee mechanism。
Can be linked with technical compliance system，Supporting data governance and transaction monitoring architecture。
Used to construct regional license plate matrix，with the UK、European Union、Singapore and other jurisdictions complement each other。
Admission review typically involves shareholders and beneficial owners、Qualification of Directors and Key Personnel、Source of funds、business model、governance、system、Risk management and AML/CFT arrangements，However, the forms and licensing standards for different license codes are not the same.。
For example, FSC Codified List lists Investment Dealer (including underwriting、Excluding underwriting、Derivatives、Broker) are listed as SEC-2.1A、SEC-2.1B、SEC-2.1C and SEC-2.2；Virtual Asset Broker-Dealer、Wallet、Custodian、Advisory and Marketplace are listed as VA-1.1 to VA-1.5 respectively.。You cannot share the same application path because your business involves "financial technology"。
If digital assets are involved，should be evaluated firstVASP/FinTech ComplianceThe specific scope of activities under Mauritius’s “Virtual Asset and Initial Token Offering Services Act 2021”。
Application process and key deliverables
Sort out target business、client area、product boundaries，Confirm license type and application path。
Complete company structure、Director and senior management allocation、Office and physical operations arrangements。
Submit AML/CFT、KYC、risk assessment、Internal Control Manual、Governance policies and other materials。
Prepare materials using the application form and licensing standards corresponding to the license code，Submit through applicable channels specified by FSC，and add facts and evidence item by item according to inquiries.。
Complete those who have not yet met FSC approval or conditions、system、capital、Banking or operating arrangements；Different categories do not necessarily have the same "approval-in-principle" stage。
Perform continuous monitoring、Regular submission、Audit and annual compliance training。
Cost structure and budget reference
Mauritius FSC has issued a revised Codified List as of July 1, 2026。Different Investment Dealer and VASP categories must have corresponding processing fees and fixed annual fees respectively，Do not use $750–$3,000 and $2,500–$4,500 to summarize all categories。
| category | processing fee | Fixed annual fee |
|---|---|---|
| Investment Dealer：Including underwriting | USD 3,000 | USD 9,500 |
| Investment Dealer：Excluding underwriting | USD 1,000 | USD 3,400 |
| Investment Dealer：Broker | USD 700 | USD 2,700 |
| VASP Class M：Broker-Dealer | USD 1,000 | USD 2,000 |
| VASP Class O：Wallet Services | USD 1,000 | USD 1,900 |
| VASP Class R：Custodian | USD 1,500 | USD 2,500 |
| VASP Class I / S | USD 3,000 | USD 5,000 |
Applicable scope of US dollar charges and Global Business License related surcharges，Should be judged by the footnote and entity type of Codified List。
Official basis and last verification date：2026August。Mauritius FSC Codified List。
AML/CFT and ongoing compliance requirements
The licensee shall comply with applicable laws、Licensing conditions and FSC guidelines establishing AML/CFT、Customer due diligence、Sanctions Screening、record keeping、Risk management and governance arrangements。Specific reporting frequency、audit、capital、Client asset and personnel obligations vary by license type，It is not appropriate to use one set of lists to cover all FSC licenses。
Internal compliance assessment、training、Transaction monitoring and independent review should be based on business risks and applicable rules。Technology systems can support tracing and monitoring，But it cannot replace the board of directors、Statutory judgment of compliance officers and licensees。
regulatory status、The license type and approval date can be passedFSC Online Public RegisterContinuous verification。
Clear boundaries of board responsibilities，Three lines of defense operate effectively and form meeting traces。
The system is consistent with the business process，Avoid “paper compliance”、Execution out of touch”。
trade、Alarm、Complete disposal and reporting links，Facilitate regulatory spot checks。
Normalize job-level training and assessment mechanisms，Reduce personnel compliance risks。
Common Reasons for Rejection and Risk Control
Common risks include：
- Without first determining the exact license code，lead application form、Capital or staffing misallocation；
- Business description and system、contract、Inconsistencies in customer asset arrangements or cross-border marketing；
- shareholder、beneficial owner、Insufficient information on directors or key personnel；
- AML/CFT、Risk management and client asset systems only apply templates，Unable to correspond to the actual process；
- Failure to continue to meet license conditions after approval、Report、audit、Notification of Changes or Fee Obligations。
Official verification：FSC Codified ListAlso provide current application form、Licensing standards、Legal terms and charges；Directory of FSC licenseesUsed to verify licensed entities。Applicants should refer to the latest documentation of the selected code and FSC written requirements.。
Mauritius FSC License FAQs(FAQ)
You can’t judge just by the name “foreign exchange broker”。FSC Codified List separately lists Investment Dealer (including underwriting、Excluding underwriting、Derivatives、Broker) and other codes；Should be based on whether the transaction is for the person、Valet execution、Underwriting、Derivatives and Client Asset Arrangement Options，And read the corresponding license standards。
Application subject and Global Business License requirements depend on the selected license code and applicable laws。Some financial services can be parallel to the Global Business structure，However, it cannot be taken as a unified conclusion that "all FSC licenses must use the same GBC and office arrangements"；The corresponding licensing standards and FSC opinions should prevail.。
Number of directors、place of residence、Independence and seniority requirements need to be checked by entity type and specific licensing criteria。"Resident director" is not equivalent to "Mauritian nationality"。The FSC will review the suitability of directors and controllers，You should check the Licensing Criteria of the target code before applying.。
AML/CFT Responsible Person、Setup of MLRO or other key functions、How to serve、Residency requirements and approval process depend on business、Applicable laws and license conditions。All FSC licenses cannot be generalized to require the same permanent team to be employed full time。
Minimum capital and ongoing financial resources are determined by Investment Dealer subclass and current rules。Processing fees and annual fees on the FSC Codified List are not capital requirements；The Licensing Criteria next to the object code should be turned on to check，Do not use unofficial figures such as “100,000 US dollars in practice”。
The licensee must continue to meet the applicable minimum capital、Solvency or financial resource requirements，But this does not mean that all capital must be permanently locked in a certain bank account.。Whether it can be used and how to calculate it should be based on the license standards、Accounting Treatment and FSC Requirements Judgment。
Whether it is allowed to hold client funds and their segregation、trust account、hosting、Reconciliation and disclosure requirements depend on the specific license and business model。Applicants should design according to target licensing standards，Arrangements for a certain broker type should not be applied to all FSC licenses。
Usually the business and license codes are defined first，Then establish appropriate entities and governance，Download the corresponding application form and Licensing Criteria according to the Codified List，Ready for business、personnel、capital、System and AML/CFT information，Formal submission and response to FSC inquiries，Finally meet the approval or license conditions。The specific entrance and steps are subject to the current FSC requirements.。
FSC has not committed to a uniform 3-month or 4-6 month period for all categories in the Codified List。Actual time depends on license category、Are the materials complete?、Eligibility review、Business complexity and add-ons；No fixed period commitment should be made without written confirmation from FSC。
FSC charges processing fees and fixed annual fees separately according to the license code，Some may also have other or variable fees。The page fee schedule is based on the FSC Codified List revised on July 1, 2026；The target code must still be checked before applying、Currency、Footnotes and Global Business related surcharges。
Report、Audited financial statements、capital、AML/CFT、record keeping、Fee payment、Obligations such as notification of changes in controller or key personnel depend on license category and conditions。It cannot be generally claimed that all licensees file at the same quarterly frequency or within the same six-month period。
Won't。tax rate、partial exemption、Tax residency and economic substance results depend on the nature of the entity’s income、qualifications、Current tax laws and facts。Obtaining an FSC license does not guarantee an effective tax rate of 3%.，Nor can capital gains tax or withholding tax be generalized on this basis；Should be verified by a Mauritius qualified tax advisor。
FSC may conduct investigations in accordance with applicable laws and individual cases、instruction、punishment、pause、revocation or other enforcement measures，Serious matters may also involve civil or criminal consequences。Specific procedures and responsibilities depend on the conduct、Legal terms and FSC decisions，It is not appropriate to state that direct withdrawal is inevitable。
Hong Kong Xintong can help sort out business and license codes、Organize application materials、Coordinate with local professionals and prepare for regulatory inquiries，and assist in establishing an ongoing compliance checklist upon approval。Is it finally accepted?、Supplementary parts、Additional conditions or approval are determined by FSC，There is no guarantee of zero defects in materials or optimal approval paths.。
