Is authorised to execute orders for clients, to manage portfolios of clients and to give advice on securities transactions to clients (mainly derivatives)

Minimum unimpaired stated capital of MUR 700,000 or equivalent and it should also comply with the minimum competency standard requirements for its representatives and officers.

Taxation aspect

> Resident in Mauritius for tax purposes.
> No capital gains tax
> No withholding tax on payment of dividends, interests or royalties.
> No stamp duties or capital taxes.
> No inheritance tax
> A Corporate tax at the rate of 3% only

Administrative aspect

All categories are required to file audited financial statements within 6 months of financial year end.
Staff employed must have relevant experience and qualification as required under the Securities Act
Two local Directors are required and board meetings must be held in Mauritius.

Must at all times have a registered office in Mauritius where the accounting records and statutory documents must be kept.

Statutory Fees

Is authorised to execute orders for clients without giving advice.

Minimum unimpaired stated capital of MUR 600,000 or equivalent and it should also comply with the minimum competency standard requirements for its representatives and officers.

Taxation aspect

> Resident in Mauritius for tax purposes.
> No capital gains tax
> No withholding tax on payment of dividends, interests or royalties.
> No stamp duties or capital taxes.
> No inheritance tax
A Corporate tax at the rate of 3% only

Administrative aspect

All categories are required to file audited financial statements within 6 months of financial year end.
Staff employed must have relevant experience and qualification as required under the Securities Act
Two local Directors are required and board meetings must be held in Mauritius.

Must at all times have a registered office in Mauritius where the accounting records and statutory documents must be kept.