ATRIUM LEGAL LAB LTD

The Experts for your Regulated
Financial Entity


  • Cryptocurrency
    Exchange
  • Estonia
    Cryptocurrency
    Exchange
  • Estonia, a new European Crypto Market -
    Starting a Crypto Currency Company in Estonia with Exchange and Wallet Service Provider License

    Key points for Cryptocurrency Company structure

    Expected Timeframe

  • Isle of Man
    Cryptocurrency
    Exchange & Trade
  • Regulatory Oversight as a means of Attracting Business

    Designated Business Registration Policy IOMFSA Changes – 5th October 2018

    How long will an Application take?

  • Ireland
    Cryptocurrency
    Company
  • Open a Cryptocurrency Company in Ireland

    Why Register a Bitcoin Company in Ireland?

    Cryptocurrency Regulation 2019 Taxation

    Anti-Money Laundering Requirements

    Ownership and Licensing Requirements

    Passporting Rights

  • New Zealand
    Cryptocurrency Trade and
    Initial Coin Offering (ICO)
  • New Guidance on Cryptocurrencies and Initial Coin Offering (ICO)

    Exchanges, Wallets, Broking
    Registration and other Obligations

    Initial Coin Offering (ICO)

    ICO Regulation
    Types of Financial Product
    Tokens that are not Financial Products

    Other Obligations
    Fair Dealing and Initial Coin Offers

    FMA Services

  • Foreign Exchange(FX)
    Securities Dealer
    License
  • Cyprus Brokerage Services
    Forex Trading License
  • Cyprus Investment Firm (CIF)
    Why Cyprus?

    Cyprus Strategic Advantages

    Cyprus Investment Firm (CIF) License
    Initial Capital Requirements

    Conditions for the Granting of a License

  • Mauritius
    Investment Dealer
    Broker License 
  • Business activities

    Capital requirements

    Application requirements

    Information and Documents required

  • Seychelles
    Securities Dealers License,
    Forex
  • Seychelles Advantages

    Applying for a Securities Dealers License

    Capital Requirement

    Financial Dealers Licensing Amendments

    Transitional Provisions

  • Vanuatu
    Securities Dealers
    Forex
  • Vanuatu FX Regulation

    List of Securities Covered by
    The Dealer in Securities License

    Key Requirements
    Vanuatu Securities Brokerage Dealer License

    Why Vanuatu Forex License

    How Atrium Legal Lab Can Help You

  • E-Money
    Payment Services
    Institutions (EMI - PSP)
  • Mauritius Investment Dealer &
    Broker License
  • Mauritius Advantagese

    Mauritius Investment Dealer
    Licenses available

  • New Zealand
    Financial Services Providers
    FSP
  • Advantages to be Licensed in New Zealand
    As a Financial Services Provider (FSP)

    NZ FSP Registration
    Who needs to be licensed?

    New FMA Role

    New Zealand FSP Registration
    What you need to Obtain FSP Registration

    NZ FSP Registration
    Timeframe to Complete this process

  • Financial Holding &
    Private Asset
    Management
  • BVI Hedge Funds
  • Funds in the British Virgin Islands
    Fund Structuring

    British Virgin Islands
    Registration of an Investment Fund

    BVI Incubator and Approved Fund

    BVI Hedge (Incubator) Funds
    Limited Functionary Requirements

  • Luxembourg
    Private Asset Management
    Company (SPF)
  • Luxembourg Private Asset Management Company (SPF) - The Concept

    Permitted and Prohibited Activities of a Luxembourg SPF

    Luxembourg SPF
    Capital Requirement and Supervision

    Luxembourg Private Asset Management (SPF)
    Advantages

  • Luxembourg
    Holding & Finance Company
    SOPARFI
  • Luxembourg SOPARFI (Société de Participations Financières) - The Concept

    Why Luxembourg?

    Luxembourg Holding (SOPARFI)
    Advantages

Mauritius
Payment Intermediary Services
Online Payment Services Provider (PSP)

Why to Setup
A Payment Services Provider Company in Mauritius
Mauritius Advantages

Mauritius is located in the Indian Ocean with a favourable time zone (GMT plus 4). Communication and transport with the rest of the world make Mauritius an ideal location for international business. There are daily flights to and from the most important destinations (Europe, Africa, Asia, Pacific). Politically, Mauritius has the tradition of a democratically elected government and has enjoyed political stability for decades. Mauritius is an island covering 1,865 square and is situated some 2,000 kilometers off the East Coast of Africa. Being of volcanic origin, Mauritius has a central plateau and mountains scattered throughout the island, fast flowing rivers, tropical forests, white sandy beaches, transparent lagoon well protected from the open sea by the world’s third largest coral reef

Comprehensive legislations have been introduced to develop the offshore activities. The Financial Services Regulatory Authority was set up in November 1992 and played a crucial role in establishing and developing the offshore sector. The Authority has adopted a professional and business friendly regulatory approach by continuously improving on its services and guiding operators to increase the competitiveness of the Mauritian jurisdiction. Modern legislations enacted include the Companies Act 2001, the Trusts Act 2001, the Financial Intelligence and Anti Money Laundering Act 2002, the Income Tax Act 1995, the Protected Cell Companies Act 1999, the Securities Act 2005, the Financial Services Act 2007, amongst others.

Several other factors have contributed towards making Mauritius a reputable offshore jurisdiction, which are:

Low corporate of just 3% for your FX company
Quick approval and application process
100% Western standard in legal framework
100% White Listed internationally
Fantastic banking infrastructure
Guaranteed full bank account openings with multi-currency accounts (suitable also for customers third-party funding)
No problems to arrange partnerships with overseas brokerage institutes or liquidity providers
Mauritius is a member of ESAAMLG, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures in Mauritius was conducted by the International Monetary Fund (IMF) and adopted by ESAAMLG since 2008.
English is business and trade language along with French
Only 2 hours’ time difference to Central Europe - so strategically you can reach Europe, Asia, and the US within one business day

Mauritius is also regarded as
A leading financial centre for various other reasons

Flexible company law, securities and trust legislations;
Business friendly and healthy regulation by Mauritius Financial Services Commission
Good corporate governance code based on international norms;
Low and reasonable tax rates for corporate and individuals being 15%;
Occupation and residence permits are granted to expatriates within 3 days, and business licenses and permits normally within 15 days;
Mauritius has a Stock Exchange known as Stock Exchange of Mauritius.
There are more 30 domestic listed companies and more than 50 other companies trading on the Development and
Enterprise market with modern norms of trading. The Exchange is open to Global Business Companies and Funds seeking a primary or secondary listing.
Mauritius is a member of the International Court of Justice and the International Centre for Settlements of Investment Disputes
Mauritius has concluded a number of Investment Promotion and Protection Agreements (IPPAs).

The Mauritius GBC1 is set up under the Companies Act 2001 and licensed under the Financial Services Act 2007 - so a 3% tax will apply to your business what is very low compared to FX entities to be registered in Europe or South East Asia; a Mauritius GBC1 is considered as a Mauritius tax resident company (and therefore have access to the double tax treaties of Mauritius) if its management and control is exercised from Mauritius (what we will arrange in our setup package).

Permitted activities for a
Mauritius payment Services Provider company

The Payment Intermediary Services License is of interest to those who wish to operate as an online Payment Service Provider (PSP). With a Payment Intermediary Services License, the company can offer merchant online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time transfer based on online banking. The main customer base is often composed of online merchant sellers.

(a) offer wallets/accounts to individuals and corporate clients;
(b) offer Merchant services like trustee payment processing, credit card processing to companies, online shop owners or any kind of Merchant that is operating according to its local and the Mauritius laws;
(c) enable customers funding of their wallets, process incoming and outgoing payments directly via correspondence banks or through other Payment Services Providers e.g. in Europe to use the SEPA infrastructure of third parties;
(d) charge fees for accounts, openings, incoming and outgoing transfers, credit card processing, other payment methods;
(e) issue account certificates to your account holders;
(f) offer online banking and transfer options for individuals and corporate clients;
(g) Issue debit cards by co-branding or white label;

Taxation

The Mauritius GBC1 is set up under the Companies Act 2001 and licensed under the Financial Services Act 2007 - so a 3% tax will apply to your business what is very low compared to PSP entities to be registered in Europe or South East Asia.

A Mauritius GBC1 is considered as a Mauritius tax resident company (and therefore have access to the double tax treaties of Mauritius) if its management and control is exercised from Mauritius (what we will arrange in our setup package).

Capital Requirement

The minimum capital requirement for PIS is currently set out at MUR 500 000, approx. US$16,000 (or its equivalent in another currency).

Depending on the nature, complexity and risks associated with PIS activities, the Financial Services Commission, Mauritius (FSC) is increasing the minimum stated unimpaired capital requirement for all PIS entities from MUR 500 000 (Approx. US$14,000) to MUR 2 000 000, approx. US$52,000 (or its equivalent in another currency).

Existing holders of PIS Licenses issued by the Commission will be allowed a transitional provision of 1 year, from the date of this Circular Letter, to adhere to the new capital requirements.

Application Requirements

Corporate vehicle permitted: Category 1 Global Business Company
Local physical office: Yes, office premises in Mauritius
Capital requirement: Each category of Investment Dealer needs to have a minimum capital.
Directors & Shareholders: Min 2 resident directors with board meetings held in Mauritius; Min 1 shareholder, no nationality restrictions
Regulating Authority: Mauritius Financial Services Commission (FSA)
Service Providers Required: Yes
Time Frame: 2-3 months
Financial Statements Filing: All categories are required to file audited financial statements within 6 months of financial year end.
Staff Qualification: Staff employed must have relevant experience and qualification as required under the Securities Act Minimum Capital Required
Accounting requirements: Quarterly should be done from Mauritius, local auditor is a must
Tax Treatment: The Mauritius GBC1 is set up under the Companies Act 2001 and licensed under the Financial Services Act 2007 - so a 3% tax will apply to your business what is very low compared to FX entities to be registered in Europe or South East Asia. A Mauritius GBC1 is considered as a Mauritius tax resident company (and therefore have access to the double tax treaties of Mauritius) if its management and control is exercised from Mauritius (what we will arrange in our setup package).

Atrium Legal Lab Advantage

End to end comprehensive service
Speedy and efficient service
Expert advice on structuring options
Dedicated ongoing compliance support
Extensive network pool of service providers

Our Services to Investment Dealers

We provide the following services with respect to the activities of the Investment Dealers:

Advice and Formation of the Investment Dealer;
License Application and Renewal of Investment Dealer License;
Provision of registered office address;
Provide professional directors and qualified secretary resident in Mauritius;
Open bank account;
Preparation of quarterly accounts and filing with the authorities; and
Prepare and file tax returns.

Our Fintech Practice

Our lawyers and financial services specialists at Atrium Legal Lab provide solutions to clients by combining the traditional legal fabric with new technologies.

If you would like more information as to how set up your Investment Dealer License in Mauritius and related services and costs, our Business Development Team will be happy to fully assist you.

Should you have an enquiry
You would like to discuss with us
You can either call or email us.

One of our Customer Representatives will be most pleased to help and assist you

Send us your message Now!
Legal disclaimer

The information and materials contained in this website do not constitute an offer, invitation, solicitation, advice or recommendation to buy the products and services offered and rendered by Atrium Legal Lab Ltd and shall be applied with prior consultation.

Atrium Legal Lab Ltd does not offer legal or tax advice without consultation with certified professionals with related appropriate skill and expertise.

The information contained in this website is for general guidance on matters of interest only and should not be considered as guidance for financial or tax decisions, or a substitute for specific professional consultation.

While we have made every effort to ensure that the information contained in this website is accurate and correct due to constant changes in laws, rules and regulations Atrium Legal Lab (BVI) Ltd accepts no liability for any loss or damage arising directly or indirectly from action taken or not taken relying on the information contained in this website. In particular no warranty is given as to the completeness, accuracy, reliability of such information and as to whether it is at all times up to date.

Atrium Legal Lab Ltd accepts no liability for any loss or damage direct or indirectly arising from the application of any information contained in this website, including any loss, damage or expenses arising from, but not limited to, any defect, error, mistake, inaccuracy, reliability of this website, its contents or related services, or due to any unavailability of this Site or any part thereof of any contents or related services.