Mauritius is positioning itself as a leader in the virtual assets arena that offers various incentives, including tax benefits and a streamlined process for setting up businesses. Additionally, the government is investing in digital infrastructure, further enhancing the country's appeal to tech-savvy entrepreneurs and investors.
At Aabey House, we excel in delivering seamless experiences from inception to delivery of any license. Below is a snapshot of the Virtual Assets Initial Token Offerings Services (VAITOS) landscape in Mauritius and we are just a click away to help you grab yours.
Recent Tax Updates for VAITOS in Mauritius:
On 30.01.2026, the Mauritian Cabinet agreed to promulgate the Income Tax (Amendment) Regulations 2026, extending 80% partial exemption to companies holding a Virtual Asset Provider License, subject to meeting the substance requirements rule.
Class M
Virtual Asset Broker Dealer
Business activities
Any virtual asset service provider that conducts one or both of the following:
• Exchange between virtual assets and fiat currencies,
• Exchange between one or more form of virtual assets.
Capital requirements
2,000,000 MUR or its equivalent in any other fiat currency.
Class O
Virtual Asset Wallet Service
Business activities
• Transfer of virtual assets
Capital requirements
Sufficient working capital in fiat currency to continue business for a period of 12 months, based on realistic forecasts for the business in different market conditions, both negative and positive scenarios.
Class R
Virtual Asset Custodian
Business activities
• Safekeeping of virtual assets or instruments enabling control over virtual assets.
• Administration of virtual assets or instruments enabling control over virtual assets.
Capital requirements
5,000,000 MUR or its equivalent in any other fiat currency.
Class I
Virtual Asset Advisory Services
Business activities
• Participation in the provision of financial services related to an issuer's offer and/or sale of virtual assets.
Capital requirements
Sufficient working capital to be capable of meeting debts as they fall due.
Class S
Virtual Asset Market Place
Business activities
• A Virtual Asset Exchange as a centralized or decentralized virtual platform, whether in Mauritius or in another jurisdiction which facilitates the exchange of VA or fiat currency or other VA on behalf of third parties for a fee, a commission, a spread or other benefit and which:
• holds custody, or controls VA, on behalf of its clients to facilitate an exchange, or
• purchases VA from a seller when transactions or bids and offers are matched in order to sell them to a buyer
Capital requirements
6,500,000 MUR or its equivalent in any other fiat currency.
Issuers of Initial Token Offerings
Business activities
• Issuers of ITOs are companies incorporated under the VAITOS framework that conduct public offerings of virtual tokens. An ITO is defined as an offer to the public to subscribe for or purchase a VT in exchange for fiat currency or another virtual asset.
Capital requirements
Sufficient working capital to be capable of meeting debts as they fall due.
License
Categories
Business activities
Capital requirements
Class M
Virtual Asset Broker Dealer
Any virtual asset service provider that conducts one or both of the following:
• Exchange between virtual assets and fiat currencies,
• Exchange between one or more form of virtual assets.
2,000,000 MUR or its equivalent in any other fiat currency.
Class O
Virtual Asset Wallet Service
• Transfer of virtual assets
Sufficient working capital in fiat currency to continue business for a period of 12 months, based on realistic forecasts for the business in different market conditions, both negative and positive scenarios.
Class R
Virtual Asset Custodian
• Safekeeping of virtual assets or instruments enabling control over virtual assets.
• Administration of virtual assets or instruments enabling control over virtual assets.
5,000,000 MUR or its equivalent in any other fiat currency.
Class I
Virtual Asset Advisory Services
• Participation in the provision of financial services related to an issuer's offer and/or sale of virtual assets.
Sufficient working capital to be capable of meeting debts as they fall due.
Class S
Virtual Asset Market Place
• A Virtual Asset Exchange as a centralized or decentralized virtual platform, whether in Mauritius or in another jurisdiction which facilitates the exchange of VA or fiat currency or other VA on behalf of third parties for a fee, a commission, a spread or other benefit and which:
• holds custody, or controls VA, on behalf of its clients to facilitate an exchange, or
• purchases VA from a seller when transactions or bids and offers are matched in order to sell them to a buyer
6,500,000 MUR or its equivalent in any other fiat currency.
Issuers of Initial Token Offerings
• Issuers of ITOs are companies incorporated under the VAITOS framework that conduct public offerings of virtual tokens. An ITO is defined as an offer to the public to subscribe for or purchase a VT in exchange for fiat currency or another virtual asset.
Sufficient working capital to be capable of meeting debts as they fall due.
Guidance Notes from FSC:
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