Open a Bank Account in Mauritius
Mauritius is a very little-known island state located near the African continent. At the same time, it is one of the largest offshore countries in the world. This is a very popular state for opening accounts for legal entities that want to work and conduct investment activities in Africa. Accounts are also opened by individuals who wish to obtain a residence permit or citizenship of this state. Lawtter Solutions helps clients to open a bank account in Mauritius. We provide services quickly and reliably.
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Type
Opening an account
What you need to know about opening a bank account in Mauritius
Mauritius is a state where offshore companies and account fees account for a significant part of the budget. The financial regulator has issued banking licenses to more than 20 financial institutions.
Not all companies can open a corporate account in Mauritius. There are certain restrictions on the type of activity. In particular, banks will not open accounts for organizations that do business in the fields of arms trade, tobacco, medicines, timber, mining, etc.
Multicurrency accounts are available in Mauritius. The minimum account balance for registration must be $5000 in the national currency or its equivalent. Individuals can get a bank card, make payments, or withdraw cash from ATMs. Opening an account in Mauritius online without a personal presence is possible.
Benefits of opening a bank account in Mauritius
In Mauritius, a bank account allows you to get several important benefits. The main ones are as follows:
Good reputation
Although Mauritius is an offshore zone, companies from different countries are generally willing to cooperate with legal entities that have an account in this jurisdiction.Quick opening
To get a bank account, you need to wait for a decision for 2-10 days. This is a fairly short period of time for non-residents to open an account.SWIFT payments are available
Banks in Mauritius allow international payments through the SWIFT payment system.Remote account opening
It is possible to open a corporate account in Mauritius remotely while being abroad. Interviews can be conducted via video call.Technology
Mauritius has a fairly developed banking system; there is a convenient mobile banking system in many financial organizations.Multicurrency accounts are available
You can open a bank account in Mauritius in US dollars, euros, British pounds, Canadian dollars, Australian dollars, etc.Documents
List of documents for opening a bank account
Before opening an account with a bank in Mauritius, you must prepare a document package. If the account is needed for an individual, the package is as follows:
- Passport or ID card;
- Proof of residential address;
- Taxpayer Identification Number;
- Confirmation of the origin of the money;
- Resume (CV).
As for companies, they need to provide the following data and documents:
- Company registration documents;
- ID of the director, shareholders, and manager (if any);
- Power of attorney issued by the director (if the manager handles the registration);
- Proof of residence address of director, shareholders, manager (if any);
- Contracts with partners;
- Confirmation of the origin of the money.
Stages of opening an account
Lawtter Solutions offers bank account opening services in Mauritius. We provide full legal support. Lawtter Solutions conducts the procedure in 5 steps:
Before opening an account in Mauritius, you must choose a financial organization. The largest banks in this country are as follows:
- PT Bank International;
- Barclays Bank;
- SBM Bank;
- ABC Banking Corporation, etc.
Lawtter Solutions will provide all the necessary services and ensure that opening a bank account in Mauritius is quick and hassle-free. Also, we can help you to establish or buy a Mauritius company with a bank account.
Viktoriia Pustovoit
Chief Sales Officer & Partner
Important: Lawtter Solutions does not provide services to citizens and residents of the Russian Federation.