The Mauritius Investment Dealer Licence is issued by the Financial Services Commission (FSC) to firms that wish to carry out regulated investment dealing activities, including trading in securities, portfolio management and related investment services. Any company offering these services in or from Mauritius must hold the appropriate category of Investment Dealer licence.
Holding this licence gives your business legal recognition and regulatory credibility in a well-respected international financial centre with a clear, stable rulebook. You also benefit from Mauritius' competitive tax regime (including an 80% partial exemption on specified income streams for licensed investment dealers), as well as its strategic location between Africa and Asia, which supports access to regional markets, skilled talent and new client flows.
Favourable tax environment
Reasonable fees
Access to international markets
Increased Credibility
Access to a skilled workforce in Mauritius
Clear and efficient regulatory framework
(a) The holder of an ‘Investment Dealer (Full Service including underwriting)’ licence is authorised to:
(b) Act as an intermediary in the execution of securities transactions for clients;
(c)Trade in securities as principal with the intention of reselling these securities to the public;
(d) Underwrite or distribute securities on behalf of an issuer or a holder of securities;
(e) Give investment advice that is ancillary to the normal course of business activities; and
(f) Manage portfolios of clients.
An applicant is required to maintain a minimum stated unimpaired capital of MUR10 million (approx. USD230,000), or an equivalent amount in foreign currency. A licensee must also have a Professional indemnity cover that varies according to the volume of activities and risk of its business.
The holder of an ‘Investment Dealer (Full Service Dealer excluding underwriting)’ licence is authorised to undertake all the activities listed under Full Service License including Underwriting, except (c).
It is not permitted to underwrite or distribute securities on behalf of an issuer or a holder of securities.
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.
An applicant must establish procedures designed to prevent conflicts of interest and the use of inside information through the effective segregation of its different activities. Where a trading platform is to be used, an applicant must submit details about the platform and how it will beused. The promoters, shareholders, directors, beneficial owners, and key staff members must all comply with fitness and propriety requirements. Details on the proposed anti-money laundering and counter-terrorist financing (AML/CFT) framework, including appointment of the Money Laundering Reporting Officer (MLRO), Deputy Money Laundering Reporting Officer (DMLRO) and Compliance Officer. Members of the investment dealer team must have relevant experience and qualification as required under the Securities Act 2005. An applicant is also required to meet the relevant ‘economic substance’ requirements when using a Global Business Company*.
Our team is ready to assist you with tailored solutions.
