The Mauritius Investment Dealer Licence, issued by the Financial Services Commission (FSC) Mauritius, permits the holder to establish a trading platform in Mauritius and trade securities and similar on behalf of clients.
The legislative requirements and framework for a company holding a Global Business Licence (GBL) and an Investment Dealer Licence in Mauritius are set out in the Securities Act 2005 and the Securities (licensing) Rules 2007. Mauritius offers the benefit of a modern securities law that is adaptive to different requirements, a reasonable timeframe for licence issuance, as well as a highly competitive minimum capital requirement.
An Investment Dealer acts as an intermediary in the execution of securities transactions on behalf of its clients. Three categories of Investment Dealer licences are issued in Mauritius under the Securities Act 2005, as follows:
a) including underwriting is authorised to:
act as an intermediary in the execution of securities transactions for clients
trade in securities as principal with the intention of reselling to the public
underwrite or distribute securities on behalf of an issuer or a holder of securities
give investment advice
manage portfolios of clients
Minimum unimpaired stated capital of MUR 10 million or an equivalent amount and shall have a Professional Indemnity cover that varies with the volume of activities and risk of its business.
b) excluding underwriting does not allow the licensee to underwrite or distribute securities on behalf of an issuer or a holder.
Minimum unimpaired stated capital of MUR 1 million at all times or equivalent. The licensee is also requested to have a Professional Indemnity cover that varies with the volume of activities and risk of its business.
Is authorised to execute orders for clients, to manage portfolios of clients and to give advice on securities transactions to clients (mainly derivatives)
Minimum unimpaired stated capital of MUR 700,000 or equivalent and it should also comply with the minimum competency standard requirements for its representatives and officers.
Is authorised to execute orders for clients without giving advice.
Minimum unimpaired stated capital of MUR 600,000 or equivalent and it should also comply with the minimum competency standard requirements for its representatives and officers
Resident in Mauritius for tax purposes.
No capital gains tax
No withholding tax on payment of dividends, interests or royalties
No stamp duties or capital taxes.
No inheritance tax
Liable to corporate tax at the rate of 15 % but holders of investment dealer licence may benefit from a relief of 80% under the Partial Exemption Regime
All categories are required to file audited financial statements within 6 months of financial year end
Staff employed must have relevant experience and qualification as required under the Securities Act
Two local Directors are required and board meetings must be held in Mauritius
Must at all times have a registered office in Mauritius where the accounting records and statutory documents must be kept
Have a question about our services or ready to expand your business horizons?
Renesis Financial Services is a boutique management company licensed and regulated by the Financial Services Commission of Mauritius, offers a wide range of professional international business support services, with a tailor-made approach.
Harbour Front Building
President John Kennedy St, Port Louis