The reputation of Mauritius as an International Financial Centre rests on the quality of its services and its pool of highly qualified professionals. The Financial Services Act (FSA) adopted in 2007, simplifies the regulatory regime and consolidates the legislative framework of the global business sector.
In monitoring the conduct of business activities of its licensees, the FSC focuses inter alia on market conduct, Anti-Money Laundering and Combating the Financing of Terrorism requirements, corporate governance principles and international norms and standards.
A company applying for a Global Business Licence should pass the test of conducting business outside Mauritius. An applicant for a Global Business Licence is required to submit the appropriate application to the FSC, channeled through a Management Company of its choice. Guidance to investors and service providers as to the requirements before applying for a Global Business Licence is provided in the Guide to Global Business. Management Companies (MCs) are service providers which act as intermediaries between Category 1 (Offshore) companies like Investors Europe and the Regulator, the FSC. Management Companes are licensed by the FSC under Section 77 of the FSA to set up, manage and provide nominee and other services to a corporation (which carries on or intends to carry on any global business and such class of corporation as may be prescribed) or act as corporate trustee or qualified trustee under the Trusts Act 2001. Onshore regulated companies are listed on the FSC’s site but Category 1 Offshore companies, like Investors Europe, are not. The regulated Company Manager is in position to officially confirm and certify the status of an offshore company in respect of its Licence etc.
For the list of licensed Management Companies, please consult the Register of Licensees.
- Applying for a Management Company Licence
- Applying for a Category 1 Global Business Licence
- Applying for a Global Funds licence
- Applying for a Category 2 Global Business Licence