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.

The Mauritian Budget 2021 also extended the 80% partial tax exemption on specified income streams to companies holding an Investment Dealer Licence, reducing the effective income tax rate for holders to 3%. This partial exemption has made conducting this type of business in Mauritius even more attractive.

Investment Dealer licences are issued in Mauritius under the Securities Act 2005. An Investment Dealer acts as an intermediary in the execution of securities transactions on behalf of its clients.

The holder of an ‘Investment Dealer (Full Service Excluding underwriting)’ licence is authorised to:

An applicant is required to maintain a minimum unimpaired stated capital of MUR1 million, or an equivalent amount in foreign currency. A licensee is also required to have a Professional Indemnity cover that varies according to the volume of activities and risk of its business.