Mauritius – Virtual Asset Service Provider
Financial Services Commission | Timeframe: 8-10 months
License Overview
Regulatory Authority
Financial Services Commission
(FSC)
License Type
Virtual Asset Service Provider
(VASP)
Timeframe
8-10 months
Capital Requirements
Required Capital
Class M – Virtual Asset Broker Dealer: MUR 2,000,000 plus 3 months prudential capital
Class O – Virtual Asset Wallet Services: Sufficient working capital in fiat currency to sustain operations for 12 months
Class R – Virtual Asset Custodian: MUR 5,000,000 plus 3 months prudential capital
Class I – Virtual Asset Advisory Services: Sufficient working capital to meet debts as they fall due
Class S – Virtual Asset Marketplace: MUR 6,500,000 plus 3 months prudential capital
Operational Requirements
Physical Presence
Local office required
Staff Requirements
- Compliance Officer
- Money Laundering Reporting Officer
- Deputy Money Laundering Reporting Officer
- One Senior Executive (all appointments must be resident in Mauritius)
Key Questions
Who regulates the Mauritius Virtual Asset Service Provider?
The Virtual Asset Service Provider in Mauritius is issued by the Financial Services Commission (FSC).
How long does it take to obtain the Mauritius Virtual Asset Service Provider?
Timeframe: 8-10 months.
What is the minimum capital for the Mauritius Virtual Asset Service Provider?
Class M – Virtual Asset Broker Dealer: MUR 2,000,000 plus 3 months prudential capital; Class O – Virtual Asset Wallet Services: Sufficient working capital in fiat currency to sustain operations for 12 months; Class R – Virtual Asset Custodian: MUR 5,000,000 plus 3 months prudential capital; Class I – Virtual Asset Advisory Services: Sufficient working capital to meet debts as they fall due; Class S – Virtual Asset Marketplace: MUR 6,500,000 plus 3 months prudential capital
Is local presence required for the Mauritius Virtual Asset Service Provider?
Local office required
Why Mauritius?
- Virtual Asset Service Providers licensed by the FSC and engaged in exchange, transfer, safekeeping, and administration of virtual assets are eligible for an 80% exemption on income derived from these activities
- This results in an effective tax rate of 3% on the Company's net benefits