Regulatory Alerts2012-01-25
Guide to Global Business
The Financial Services Commission of Mauritius issued this Guide to standardize licensing conditions and streamline the application process for Category 1 and Category 2 Global Business Licences. Management Companies and Registered Agents must now submit complete applications using a prescribed checklist, conduct thorough customer due diligence on beneficial owners and controllers, and maintain original signatures with supporting legal certificates. Incomplete submissions will be returned, and applications deemed withdrawn if queries remain unanswered for two months, while the Commission retains discretion to assess each case on its merits and issue licences within one to four working days.
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