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.
Virtual Asset Service Providers (VASPs) • A VASP is any person that, as a business and for or on behalf of another person, carries out one or more of the following activities or operations: • Exchange services between VAs and fiat currencies. • Exchange services between one or more forms of VAs. • Transfer of VAs. • Safekeeping or custody of VAs or instruments that enable control over VAs. • Administration of VAs or instruments that enable control over VAs. • Participation in, or provision of, financial services related to an issuer's offer and sale of a VA, or to an issuer's offer or sale of a VA. • Applicants seeking a VASP licence or ITO registration under the VAITOS Act may also apply for a Global Business Licence (GBL) in order to operate as a Mauritian global business entity while carrying out virtual-asset activities. • An application to the FSC for a VASP licence must specify the relevant class or sub-category of licence sought, and the applicant must: • Be a duly registered company carrying on business activities in or from Mauritius. • Be directed and managed from Mauritius. • Have a physical office in Mauritius. • Ensure that each of its controllers, beneficial owners, associates and officers satisfies the 'fit and proper' criteria of the FSC.
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.
Class
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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