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)
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
Quick Facts
Timeframe8-10 months
RegulatorFSC
OfficeRequired
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