Mauritius

Mauritius payment licenses are mainly divided by the Bank of Mauritius (BoM) Issuing payment service provider (PSP) license, and by the Financial Services Commission (FSC) Issuing payment intermediary services (PIS) license. BoM’s PSP license is based on the National Payment Systems Act and its authorization and licensing rules; FSC's PIS license is handled in accordance with Article 14 of the Financial Services Act 2007 and the current comprehensive licensing and charging rules.. in recent years, Relying on a well-established global business company (GBC) Architecture, Mauritius has become a legal clearing hub for multinational entities to deploy in the African and offshore payment markets.. Hong Kong Huitong provides applicants with covered entity registration, Legal capital verification, Substantive local operations (Substance) Construction and anti-money laundering (AML) Full-case legal agency services for review and docking.

Establishing a financial services company in Mauritius for overseas markets, Global business licenses and investment dealers corresponding to actual activities may be required, Fund management or other FSC license. Applicants should confirm capital, managers, local substance, AML/CFT, client funds, Audit and Continuing Reporting Requirements. Tax treatment must be combined with the source of income, economic substance, Determination of tax residence and applicable treaties; Bank account opening is independently reviewed by the bank. Hong Kong Huitong can assist in company establishment, Personnel information, Business plan and application document preparation, But not tax rate, Licensing or account opening results are guaranteed.

Mauritius Virtual Asset Service Provider (VASP) license is issued by, The country’s Financial Services Commission (FSC) regulates according to law. Authorize licensed entities to legally conduct virtual asset brokerage transactions, Wallet storage, Trusted hosting, Investment consulting and market platform (exchange) operation business. This license is legally applicable under the GBC framework 3% Effective tax rate and exemption from capital gains tax on virtual asset transactions. Hong Kong Huitong provides applying entities with coverage of Global Business Company (GBC) establishment, Resident Money Laundering Reporting Officer (MLRO) Match, Executive fitness (Fit & Proper) review coaching and full legal agency services for FSC compliance case submission and defense.