Crypto License in Mauritius

As cryptocurrency regulation continues to evolve globally, Mauritius has emerged as one of the most business-friendly jurisdictions for crypto licensing in 2025. Backed by a stable legal system, tax-neutral advantages, and a forward-thinking regulatory framework, Mauritius is increasingly favored by crypto exchanges, token issuers, wallet providers, and DeFi platforms looking to establish themselves legally and expand globally.

If you’re planning to register your crypto company offshore and want to access global banking and investor trust, getting a crypto license in Mauritius is a strategic move worth considering.

Why Choose Mauritius for a Crypto License?

Located in the Indian Ocean and positioned as a gateway between Africa and Asia, Mauritius is well-known for its robust financial infrastructure and pro-innovation policies. Here’s why crypto entrepreneurs are setting up operations in this jurisdiction:

Stable Political and Legal System

Mauritius operates under a hybrid legal system combining civil and common law, offering predictability and protection for foreign investors. The country ranks high in global governance and transparency indices, which gives added reassurance to venture capitalists, regulators, and banking partners.

Tax Efficiency

Mauritius offers an attractive tax regime for international businesses. Crypto companies operating under a Global Business License (GBL) enjoy a favorable tax rate, and some structures can even benefit from tax treaties and exemptions. There is no capital gains tax, and dividends paid to non-residents may be tax-exempt.

Global Reputation

Mauritius is not considered a “blacklisted” jurisdiction by the EU or OECD, which is crucial when it comes to opening crypto-friendly bank accounts and onboarding institutional clients. This makes it a legitimate and globally respected base for crypto operations.

Access to Banking and Investors

Unlike many offshore jurisdictions, Mauritius has a progressive banking sector that collaborates with licensed virtual asset service providers (VASPs). Licensed companies have a significantly higher chance of obtaining fiat and crypto banking solutions, including multi-currency accounts.

Understanding the Regulatory Framework: FSC and the VAITOS Act

The Financial Services Commission (FSC) is the primary regulatory body for non-banking financial services in Mauritius. In 2021, Mauritius introduced the Virtual Asset and Initial Token Offering Services Act (VAITOS Act), a comprehensive legal framework that governs the licensing, compliance, and operation of virtual asset service providers (VASPs) and initial token offerings (ITOs).

This act brings Mauritius in line with FATF recommendations and provides legal clarity for businesses operating in areas such as:

• Custody of digital assets

• Crypto exchange platforms (centralized and decentralized)

• Wallet services

• Token creation and public offerings

• DeFi protocols and NFT marketplaces

Under the VAITOS Act, companies must register as a VASP or apply for a license, depending on the nature and risk level of their services.

Types of Crypto Licenses in Mauritius

Mauritius categorizes crypto-related services under two main regimes:

1. Virtual Asset Service Provider (VASP) Registration

VASP registration is suitable for entities conducting low-risk activities such as:

• Providing custodial wallet services

• Conducting token sales without facilitating exchange between parties

• Operating payment gateways using virtual assets

2. VASP Licensing

This applies to companies involved in higher-risk or higher-volume services, including:

• Centralized or decentralized crypto exchanges

• Custodian services for institutional investors

• Peer-to-peer trading platforms

• DeFi staking and liquidity protocols

• NFT marketplaces offering trading functionalities

Each category comes with specific requirements in terms of compliance, capital adequacy, audits, and IT security.

Step-by-Step Process to Obtain a Crypto License in Mauritius

Getting a crypto license in Mauritius involves a structured process. Here’s how you can approach it:

Step 1: Determine the Nature of Your Crypto Services

Define your business model clearly—whether you’re running an exchange, wallet service, token platform, or DeFi project. This step determines whether you’ll need registration or full licensing under the VAITOS Act.

Step 2: Register a Legal Entity

In most cases, a Global Business Company (GBC) or an Authorised Company (AC) structure is used. You must register your business with the Mauritius Registrar of Companies.

Step 3: Prepare Required Documentation

To apply for a license or registration, you’ll need to submit:

• A detailed business plan

• Corporate structure and shareholding details

• AML/CFT policy and KYC procedures

• Risk assessment framework

• Cybersecurity protocols

• Profiles of directors and beneficial owners

• Financial projections

Step 4: Submit Application to the FSC

Applications are submitted through a licensed management company in Mauritius. The FSC will review all documentation and may request additional information or clarifications.

Step 5: Respond to Regulatory Requests

Be prepared for follow-ups, interviews, and technical clarifications. Timely responses and transparency can accelerate approval.

Step 6: Receive Approval and Begin Operations

Once approved, your company will be publicly listed as a registered or licensed VASP. You may then proceed with opening local or international bank accounts and launching your crypto services.

Costs and Timeline

Estimated Licensing Costs

• Government application fees: $8,000 – $15,000 USD

• Annual FSC license fees: $5,000 – $20,000 USD

• Legal and compliance setup: $20,000 – $40,000 USD

• Optional: Local director, office rental, and staff salaries

Estimated Timeline

Depending on the complexity and completeness of the application, the licensing process can take between 3 to 6 months.

Compliance Requirements for Licensed Crypto Companies

Compliance is an ongoing obligation under the VAITOS Act. Companies must:

• Appoint a dedicated AML compliance officer

• Conduct regular internal audits

• Submit annual audited financial statements

• Maintain strong KYC processes and customer risk profiles

• Monitor transactions for suspicious activity

• Report to FSC on a quarterly or as-needed basis

The FSC also conducts periodic inspections to ensure that licensed entities adhere to anti-money laundering (AML), counter-financing of terrorism (CFT), and cybersecurity standards.

Use Cases and Business Models for Crypto Licensing in Mauritius

Mauritius is an attractive base for various types of crypto projects, including:

• Centralized and decentralized crypto exchanges (CEX/DEX)

• Crypto custody providers for institutions and private clients

• DeFi platforms offering staking, lending, and liquidity pooling

• NFT marketplaces and digital collectible services

• Payment gateway solutions for merchants accepting crypto

• Token issuance platforms for ICOs and IDOs

Thanks to its flexible and clear regulatory regime, Mauritius provides a strong foundation for innovative crypto models.

Challenges and How to Overcome Them

Navigating Regulatory Complexity

Mauritius has a detailed legal and compliance process. Working with experienced local consultants and legal advisors can streamline the application and ensure full regulatory alignment.

Bank Account Opening

Even with a license, some banks may still be cautious. Building relationships with local fintech-friendly banks and demonstrating strong compliance measures can improve approval chances.

Time and Documentation Burden

Preparing financial projections, security protocols, and AML policies can be time-consuming. Pre-approved templates and outsourcing to compliance specialists can significantly speed up the process.

Mauritius as a Fintech and Blockchain Ecosystem

Mauritius is home to a growing number of fintech accelerators, co-working spaces, and blockchain think tanks. Government-backed initiatives and strategic investments are helping the island position itself as a digital innovation hub.

The country also hosts major events such as:

• Africa Fintech Festival

• Mauritius Blockchain Week

• Regtech Africa Dialogue

These forums provide exposure and networking opportunities for crypto founders.

Conclusion: Is Mauritius Right for Your Crypto Venture?

If you’re searching for a reputable, tax-neutral jurisdiction that balances innovation with regulatory clarity, Mauritius is one of the top choices in 2025. Whether you’re launching an exchange, issuing a token, or offering DeFi services, a Mauritius crypto license opens doors to global banking, investor trust, and long-term scalability.

By complying with the FSC and VAITOS Act requirements, and building a strong governance framework, your crypto business can thrive in one of the world’s most crypto-progressive offshore destinations.

Need help with your licensing journey? Reach out to experienced legal partners in Mauritius to handle:

• Company incorporation

• VASP license application

• AML/CFT policy development

• Regulatory reporting and audits

Build your crypto venture with confidence—in the heart of the Indian Ocean.