Management Company License (MCL) License in Mauritius
Level 1
Mauritius0
People viewed this LicenseLicense Type
Management Company License (MCL)
RegulatorFSC
Share CapitalN/A
Deadlines
6 to 12 months(approx.)
Estimated Market Price
From €40,000
Level 1
MauritiusEstimated Market Price
From €40,000
0
People viewed this LicenseLicense Type
Management Company License (MCL)
RegulatorFSC
Share CapitalN/A
Deadlines
6 to 12 months (approx.)
Level 2
License Details
Explore full requirements, allowed activities, taxation, and operational scope.
Permitted Activities
Company formation & administration for GBC/Authorised Companies
Corporate secretarial, accounting & tax liaison
Fund administration & transfer agency (if permitted)
Compliance outsourcing & reporting to FSC for clients
Frequently Asked Questions
Clear, concise info to help you understand the process!
The Management Licence, issued by the FSC Mauritius under section 77 of the Financial Services Act 2007; "management company licence" is market shorthand. It authorises the management and administration of global business companies and trusts, with optional fund and trust administration services. It is the licence a Mauritian corporate services provider must hold — only a management company may act as administrator and registered agent of a Global Business Company and file with the FSC on its behalf.
The FSC's published criteria state Rs 500,000 of paid-up and unimpaired stated capital and shareholders' funds, with a processing fee of USD 500 and an annual fee of USD 5,000. Note that the MUR 1,000,000 figure often quoted in this context is the minimum stated unimpaired capital for a CIS or investment manager — a different licence. The criteria document is dated 2015 and still refers to GBC 1 and GBC 2, categories abolished by the Finance Act 2018 from 1 January 2019, so treat it as stale on terminology.
Yes, by default. Section 23 of the Financial Services Act 2007 provides that no shares or legal or beneficial interest in a licensee shall be issued or transferred except with the approval of the Commission — covering new issues as well as secondary transfers, in any FSC licensee. A carve-out applies to transfers of less than 5% that do not result in a change of control, which require notification only, and a later amendment extended notification-only treatment to transfers to existing shareholders where there is no change of control.
At least two resident executive directors conversant with the operations of a management company, plus a Compliance Officer, a Money Laundering Reporting Officer, a Principal Officer and a Company Secretary meeting the FSC's competency standards. Professional indemnity cover must be evidenced by an insurer's quote, with no minimum sum prescribed in the criteria. Because the licence is a people business, continuity of those appointments through the transaction is a real closing issue rather than a formality.
Managing money. A Management Licence does not authorise investment management, investment dealing, custody or CIS management — those are separate licences under the Securities Act 2005, with the CIS manager at section 98 and the custodian at section 100. A management company administers structures; it does not run portfolios. A buyer looking for an asset management capability in Mauritius needs to see the Securities Act licence, not the Management Licence.
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