Crypto License in Mauritius

How can businesses legally join the Mauritian cryptocurrency market? That’s when the assistance of Fintech Harbor Consulting LTD comes in handy, letting you increase the chances of your application’s approval and grow your influence in the local market. Benefit from Mauritius’ financial advantages and stability.

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What Is a Crypto License in Mauritius and Why Would You Need It?

An official permit to handle digital-asset-related operations in the region is what we call a Mauritius crypto license. It is issued by the Financial Services Commission (FSC, shortly), which ensures your legal performance in the blockchain and cryptocurrency market. This offer is a highway to blockchain projects, wallets, crypto exchanges, and other platforms to gain the desired operational flexibility and legitimacy.

Types of Crypto Licenses in Mauritius

Our team will ensure you select the right contract tailored to your operations in the digital asset environment. You can support your business model with one of the following licenses within the island’s regulatory framework.

License Type	Purpose	Activities Allowed
M — Market Maker	Crypto Trading	Exchanging virtual assets & fiat currencies in different variations
O — Wallet Provider	Digital Asset Transfers	Managing centralized crypto wallets and facilitating virtual asset transfers
R — Custodian	Secure Storage	Holding and safeguarding digital assets on behalf of clients
I — Advisory Services	Crypto Consultancy	Providing professional guidance on virtual asset investments and trading strategies
S — Exchange Operator	Digital Asset Marketplace	Running platforms for trading and exchanging cryptocurrencies

The M license is the most popular choice as its functionality works for most crypto business needs. Aside from the direct exchange between fiat currencies and virtual assets, it also offers the following:

deals related to market analysis and other services;
order execution;
liquidity provision;
trading facilitation;
exchange between virtual assets.

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Requirements for Obtaining a Crypto License in Mauritius

The process of getting Mauritius crypto licenses, i.e., its speed and efficiency, depends on whether you understand and meet the target project’s specifications:

Registered company — the entity must be incorporated in Mauritius to carry out its activities within the jurisdiction.
Local representatives — you must hire two local directors to back up your office’s performance and compliance with the required norms and regulations.
MLRO — in the best-case scenario, you gain a local one. Our lawyers have got your back here.
Policies — you are to implement the latest practices related to AML, CFT, and KYC and keep your records clean and protected.
Share capital — this requirement is $45,000 of non-frozen funds for businesses aiming at an M-class license.

Process of Getting a Crypto License

Our lawyers will help you prepare your documentation, interact with Mauritian authorities, and more. We offer a personalized strategy for every client, ensuring your application for a Mauritius crypto exchange license. Here is the procedure capital-holders will deal with:

Complete the application form, ensuring the high-end quality of your documentation and internal compliance with KYC and AML policies. Submit your business plan along the way.
Establish a local office, appointing at least two residents to perform the duties of your company’s directors.
Complete compliance assessments and wait for your application’s approval.
Once done, start your business in Mauritius.

Regulation of Cryptocurrency in Mauritius

Start by getting to know more about VAITOS — the Virtual Asset and Initial Token Offering Services Act as the core of the Mauritius crypto regulation. With our assistance, you will be able to strengthen and streamline your relationships with local authorities in the FSC, taking the most out of this structured and clear license system.

Crypto Taxes in Mauritius

While Mauritius crypto taxes depend on your business structure and activities, the key rules are applicable. Here is what you need to know — check the table below.

Tax Category	Rate & Details
Capital Gains Tax	No tax on capital gains or digital-asset transactions (required for crypto-related projects)
Corporate Income Tax	3% effective CIT because of tax exemptions for licensees
Withholding Tax	Not applicable on crypto-related income
Personal Income Tax	10%-15%, depending on income level

Why Choose Mauritius for Obtaining a Crypto License?

Mauritius crypto license registration will come in handy for several reasons:

Legal operations — avoid regulatory issues and ensure compliance with Mauritius’ financial laws to expand or establish your business.
Access to banking services — licensed companies have an easier time opening bank accounts, handling transactions, and benefiting from the local banking system.
The banking system’s benefits — the local financial environment offers more top-tier banking solutions for banking projects, including C2B/B2B accounts with local service providers.
Enhanced credibility — a regulated status attracts investors, letting your operations thrive. It also leads to crypt-friendly EMIs in the EU.
Tax benefits — last but not least, Mauritius offers a competitive tax environment for financial businesses, regardless of what license you obtain.

Eager to know more about how and why to apply for a crypto license in general? At Fintech Harbor Consulting LTD, we won’t let you face those mysteries alone and uncover the best strategy that works for your business plan and objectives.

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FAQ

How long does it take to get a Mauritius crypto license?

Overall, this period takes three to six months. Delays may occur if you don’t comply with the procedure’s requirements, and depending on the documents completion. That’s why consulting with our team comes in — we minimize the risk of mistakes and issues.

What are the costs of obtaining a crypto license in Mauritius?

The Mauritius crypto license cost is at $12,000-$15,000, and annual government fees at $5,500. A lot depends on the type of license you require and the related initial capital requirements, application fees, etc., which may lead to $50,000 and above in expenditures.

What are the tax implications for crypto businesses in Mauritius?

First and foremost, you are prone to cover a 15% corporate tax. Our experts will help you understand the nuances and see whether you qualify for potential exemptions.

Do I need to have a local office or company to apply for a Mauritius crypto license?

Yes, you do. It’s a must for any business interested in distributing its cryptocurrency and blockchain services in the market. We will also assist in outsourcing reputable local representatives for your company to comply with the two-local-directors requirement for a crypto license in Mauritius.