Services / Structures / FSC Licences
FSC Licences
All FSC-regulated licence categories in one place.
The Financial Services Commission (FSC) issues several categories of licence for firms operating from Mauritius. AcuFin assists with the full spectrum — from investment dealing and advisory to fund management, fintech, forex and insurance. Each licence carries distinct capital, governance and substance requirements. Use this page to compare categories and find the right fit.
Licence categories
- 01FS-1.1: Assets Management
- 02FS-1.2: Distribution of Financial Products
- 03FS-1.3: Pension Scheme Administrators
- 04FS-1.5: Registrar and Transfer Agent
- 05FS-1.6: Treasury Management
- 06FS-1.7: Custodian Services (non-CIS)
- 07FS-1.8: Global Headquarters Administration
- 08FS-1.9: Global Treasury Activities
- 09FS-1.10: Global Legal Advisory Services
- 10FS-1.11: Funeral Scheme Management
- 11FS-1.14: Custodian Services (digital asset)
- 12FS-1.15: Single Family Office
- 13FS-1.16: Multiple Family Office
- 14FS-1.17: Peer to Peer Lending
- 15FS-1.18: Robotic and AI Advisory Services
- 16FS-1.19: Crowdfunding
- 17FS-1.20: Money Lending Licence
- 18FS-1.21: Spot Commodity Broker
- 19FS-1.22: Spot Commodity Broker Representative
- 20FS-1.23: Spot Commodity Clearing House
- 21FS-1.24: Spot Commodity Market
- 22FS-1.25: Spot Commodity Trading Adviser
- 23FS-1.26: Spot Commodity Trading Adviser Representative
- 24FS-2.3: Credit Finance
- 25FS-2.4: Factoring
- 26FS-2.5: Leasing
- 27FS-2.7: Actuarial Services
- 28FS-2.8: Credit Rating Agencies
- 29FS-2.9: Payment Intermediary Services
- 30FS-2.10: Representative Office
- 31FS-2.11: Other Financial Business Activity
- 32FS-3.1A: Management Licence
- 33FS-3.1B: Management Licence (Corporate Trustee)
- 34FS-3.2: Nominee Company
- 35FS-5.1: SRO
- 36FS-6.1: Investment Banking Licence
- 37FS-7.1: Global Shared Services
- 38SEC-1.1: Securities Exchange
- 39SEC-1.2: Clearing and Settlement Facility
- 40SEC-1.3: Securities Trading Systems
- 41SEC-2.1A: Investment Dealer (Full Service incl. Underwriting)
- 42SEC-2.1B: Investment Dealer (Full Service excl. Underwriting)
- 43SEC-2.1C: Investment Dealer (Derivatives)
- 44SEC-2.2: Investment Dealer (Broker)
- 45SEC-2.3: Investment Dealer (Discount Broker)
- 46SEC-2.4: Investment Adviser (Unrestricted)
- 47SEC-2.5: Investment Adviser (Restricted)
- 48SEC-2.5A: Investment Adviser (Corporate Finance)
- 49SEC-2.6A-F: Representatives of Investment Dealer
- 50SEC-2.7A-C: Representatives of Investment Adviser
- 51SEC-3.1A: CIS (Single Fund)
- 52SEC-3.1Bv: CIS (Multiple Funds)
- 53SEC-3.1Cv: CIS (Protected Cell Company)
- 54SEC-3.1Dv: CIS (Multiclass)
- 55SEC-3.2A: Closed-End Fund (Single Fund)
- 56SEC-3.2Bv: Closed-End Fund (Multiple Funds)
- 57SEC-3.2Cv: Closed-End Fund (Protected Cell Company)
- 58SEC-3.2Dv: Closed-End Fund (Multiclass)
- 59SEC-3.3A: Foreign Scheme (Single Fund)
- 60SEC-3.3B: Foreign Scheme (Multiple Sub-funds)
- 61SEC-4.1: Custodian
- 62SEC-4.2: CIS Manager
- 63SEC-4.3: CIS Administrator
- 64SEC-4.4: Reporting Issuer
- 65SEC-6.1: Foreign Investment Dealer (Full Service incl. Underwriting)
- 66SEC-6.2: Foreign Investment Dealer (Full Service excl. Underwriting)
- 67SEC-6.3: Foreign Investment Dealer (Broker)
- 68SEC-6.4: Foreign Investment Dealer (Discount Broker)
- 69SEC-6.5: Foreign Investment Dealer (Derivatives)
- 70SEC-7.1: Remote Custodian
- 71INS-1.1: Long-Term Insurance Business
- 72INS-1.1Av: Long-Term Insurance (Protected Cell Company)
- 73INS-1.2: General Insurance Business
- 74INS-1.2Av: General Insurance (Protected Cell Company)
- 75INS-1.3: External Insurance Business
- 76INS-1.3Av: External Insurance (Protected Cell Company)
- 77INS-1.4: Professional Reinsurer
- 78INS-1.4Av: Professional Reinsurer (Protected Cell Company)
- 79INS-2.1: Insurance Manager
- 80INS-2.2A: Insurance Agent (Company)
- 81INS-2.2B: Insurance Agent (Individual)
- 82INS-2.3: Insurance Broker
- 83INS-2.4: Insurance Salesperson
- 84INS-2.5: Claims Professional
- 85INS-2.6: Third-Party Administrator
- 86TAC-1.1: Qualified Trustee
- 87TAC-1.2: Enforcer
- 88TAC-1.3: Successor to Enforcer
- 89PPS-1.1: Pension Schemes
- 90PPS-1.2: Foreign Pension Schemes
- 91PPS-1.3: External Pension Schemes
- 92PPS-2.1: Governing Body to administer Private Pension Scheme
- 93PPS-2.2: Long-term insurer to administer Private Pension Scheme
- 94CI-1.1A: Captive Insurance Business
- 95CI-2.1: Captive Insurance Agent
- 96VA-1.1: Virtual Asset Broker-Dealer
- 97VA-1.2: Virtual Asset Wallet Services
- 98VA-1.3: Virtual Asset Custodian
- 99VA-1.4: Virtual Asset Advisory Services
- 100VA-1.5: Virtual Asset Market Place
- 101VT-1.1: Issuers of Initial Token Offerings
- 102VCC-1.1: VCC Fund
- 103FS-4.1: Category 1 Global Business Licence
- 104FS-4.3: Authorised Company
Designed For
Securities firms
Investment dealers, brokers and advisory firms seeking FSC authorisation.
Fund managers
Managers administering or distributing collective investment schemes.
Fintech & VASP operators
Digital asset, forex and payment service providers needing a regulated home.
Insurance & captive vehicles
Firms seeking insurance, reinsurance or captive licences under the Insurance Act.
How we work
- 01
Identify
Which licence category matches your activity and target clients.
- 02
Structure
GBL incorporation, capitalisation and governance for the chosen licence.
- 03
Apply
FSC submission with business plan, compliance framework and fit-and-proper declarations.
- 04
Launch
Licence grant, banking live, ongoing FSC reporting cycle.
Vehicles we use
Markets we serve
Related services
Common questions
Licence category matrix
Global Business Licence (GBL)
Permitted Activity
International business, holding, trading, IP, treasury, fund administration
Capital
MUR 1,000,000 (~USD 22,000)
Key Staff
2 resident directors, compliance officer
Client Money
Permitted under licence conditions
Typical Client
International holding companies, regional HQs, fund vehicles
Investment Dealer
Permitted Activity
Trade as principal, underwrite securities, execute transactions, manage portfolios
Capital
MUR 600,000–10,000,000 (~USD 15,000–250,000)
Key Staff
Dealer team (min. 2), compliance officer, MLRO
Client Money
Permitted (client money rules apply)
Typical Client
Brokerage firms, asset managers, wealth platforms
Investment Adviser
Permitted Activity
Advise on securities, manage portfolios under mandate, corporate finance advisory
Capital
MUR 500,000–1,000,000 (~USD 11,000–22,000)
Key Staff
Compliance officer, MLRO
Client Money
Not permitted
Typical Client
Wealth managers, corporate finance firms, family offices
CIS Manager
Permitted Activity
Administer, manage and distribute Collective Investment Schemes
Capital
MUR 500,000 (~USD 11,000)
Key Staff
Compliance officer, MLRO
Client Money
Permitted (fund assets)
Typical Client
Fund managers, asset managers
CIS Administrator
Permitted Activity
Registrar, transfer facilities, accounting, reporting for CIS
Capital
MUR 250,000 (~USD 5,500)
Key Staff
Compliance officer
Client Money
Not permitted
Typical Client
Fund service providers, administrators
Payment Institution
Permitted Activity
Payment services, money transfer, e-money issuance
Capital
MUR 500,000 (~USD 11,000)
Key Staff
Compliance officer, MLRO
Client Money
Permitted (safeguarded)
Typical Client
Fintech companies, payment processors
Requirements are indicative. Contact us for current regulatory details.
Get started
Discuss your licensing project
From Investment Dealer to Forex, we'll help you choose the right FSC licence category and manage the full application process.