The reasonably well-developed banking sector in the Republic of Mauritius allows foreign clients to open with local offshore or local banks, of which there are more than 20. By becoming a client of any of the banks in Mauritius, it is possible to finance trade or carry out financial transactions with debit cards and deposits. The Republic of Mauritius is a quiet island nation in the Indian Ocean with an official language of English and French and an official currency which is the Mauritian rupee. The legal system is based on the French civil law system, with some elements of English law.

Mauritius is one of the biggest stock market investors in Asia and Africa. Its economy has achieved a high level of stability and its level of corruption is surprisingly low. This small state has proved to be an advanced reformer of economic reforms, which has created above-average incomes in the region by international standards.

In Mauritius, bank accounts can be opened easily and without complications, irrespective of the type of business. Local banking facilities offer convenient opening hours, quality service and a complete customer focus. One can open an account in the following currencies: dollar, euro, British pound, Swiss franc, Australian dollar and Mauritian rupee. The bank account can be managed through the use of a fax machine or the internet.

Signed in 1961, the Hague Convention allows banking institutions to operate without special legalisation. By international classification, the Republic of Mauritius is not blacklisted, so it cannot be considered a classic offshore zone. Mauritian banks have earned a reputation for being loyal and reliable banks, working for the benefit of their clients.

The most popular banks in Mauritius

The following banks enjoy a high degree of popularity in Mauritius:

  • ABC Banking Corporation, which provides customers with a wide range of banking services and provides an international level of service;
  • AfrAsia Bank, offering real estate finance, investment banking, bond issuance, corporate group mergers and acquisitions, and corporate finance;
  • Barclays Bank, which specializes in serving international companies and offers its services in the Middle East and Asia-Pacific, as well as in America, Europe and Africa;
  • PT Bank Internasional Indonesia, with over 230 branches, offers money transfer, corporate finance, investment and deposit services.

Following the link list of jurisdictions to register an offshore in Ukraine</p >

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Maxim Stepanenko

Maxim Stepanenko

Managing partner of Crystal.tax

A wide range of legal services from Crystal Tax: registration of offshore companies in all world jurisdictions, solving issues related to taxation, opening bank accounts and many others.

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