Mauritius Offshore Banking FAQ – Smart Banking For Non-Residents And International Investors

by World Offshore Banks

Tweet
Mauritius may be a tropical island paradise, but it's also a serious offshore financial center.

Known for its well- regulated environment, strong legal infrastructure, and favorable tax policies, this jurisdiction is increasingly chosen by global investors, digital nomads, and international entrepreneurs.

This FAQ-style guide breaks down everything you need to know about offshore banking in Mauritius.


1. Is offshore banking legal in Mauritius?
Yes. Mauritius is a reputable and legally compliant offshore financial center with a well-established regulatory regime overseen by the Bank of Mauritius and the Financial Services Commission.

2. Who typically opens offshore accounts in Mauritius?
Foreign investors, international business owners, asset protection planners, and individuals seeking financial privacy or diversification.

3. Whatʼs the reputation of Mauritius in the offshore world?
Mauritius has built a solid reputation as a transparent and cooperative jurisdiction, particularly strong in wealth management and investment funds.

4. Are there good banks to choose from?
Yes. Notable institutions include the Mauritius Commercial Bank (MCB), SBM Bank, and international banks like HSBC.

5. Can I open a bank account remotely?
In most cases, yes, though enhanced due diligence may be required. Some banks require in-person visits, while others allow online onboarding.

6. What currencies can I hold?
You can hold major currencies such as USD, EUR, GBP, and MUR (Mauritian Rupee).


7. Is my money safe in a Mauritius bank?
Mauritian banks are well-capitalized and regulated. The country has not experienced major banking instability.

8. Are there deposit protection schemes?
Yes. The Mauritius Deposit Insurance Scheme protects deposits up to MUR 200,000 per account holder per bank.

How private is banking in Mauritius?
Mauritius balances client confidentiality with international compliance. It adheres to OECD transparency standards.

10. What are the tax benefits?
There is no capital gains tax, and properly structured offshore companies can benefit from low or zero tax.

11. Can I use my Mauritius account for crypto-related transactions?
Yes, though youʼll need to select a bank thatʼs open to crypto businesses. Mauritius is building a fintech-friendly regulatory framework.

12. How are offshore companies used in Mauritius?
Many use Global Business Companies (GBCs) to benefit from treaty access and flexible corporate structuring.


13. What are GBCs and why are they popular?
GBCs are licensed companies that can engage in offshore business. They benefit from Mauritiusʼ tax treaties and reduced corporate tax rates (3% effective).

14. How long does it take to open an offshore bank account?
Typically 2–4 weeks, depending on documentation and compliance requirements.

15. What documents do I need?
Youʼll need a passport, proof of address, source of funds, and a business plan if opening a corporate account.

16. Can I get a debit or credit card linked to my account?
Yes. Most banks offer international cards in major currencies.

17. Is it possible to manage the account online?
Absolutely. Most banks provide full online banking capabilities and mobile apps.

18. Can non-residents hold accounts long-term?
Yes. Mauritius encourages non-resident accounts, particularly for foreign investors.

19. Is Mauritius blacklisted or considered high-risk?
No. Mauritius has been removed from major blacklists and has made strides in FATF and EU compliance.

20. What else is Mauritius known for offshore?
Itʼs a regional hub for investment funds, trusts, and wealth management services—with strong legal protection and dispute resolution frameworks.

Is Mauritius Offshore Banking Right For You?
If you're a non-resident investor, global entrepreneur, or someone seeking a compliant, stable, and tax-efficient banking base, Mauritius may be exactly what you're looking for.

With strong legal protections, access to global markets, and a fintech-forward regulatory outlook, it offers more than just beautiful beaches. It offers a smart, strategic offshore banking option.