Forex license Mauritius with benefits!
The reputation of Mauritius as an international financial center is based on the quality of its services and its stuff of highly qualified specialists.
Financial Services Act (FSA), adopted in 2007, simplifies the regulatory regime and consolidates the legislative base of the global business sector.
Forex license in Mauritius is becoming more popular among many brokerage houses around the world.
The Financial Services Commissions (FSC) is a watchdog for Forex brokers that are licensed in Mauritius. At first, it was created for non-banking services, but the increase in the number of Forex brokers forced the increase of obligations before issuing brokerage license Mauritius.
Forex broker should receive certain criteria, such as capital adequacy, as well as suitable and proper tests. The regulator is also responsible for monitoring brokers and warns them in case of rules violation.
So, what are the advantages of the Mauritius Forex license? The first advantage is that it is available in the sense that the minimum capital requirement is only 17,000 euros or 700,000 Moorish rupees (compared with the minimum paid-up capital of 125,000 euros in Bulgaria or 200,000 euros in Cyprus).
The second advantage is that, although Mauritius has 15% corporate income tax rates, the corporate income tax rate applicable to the GBC (global business company) benefits from preferential corporate tax rates by only 3% (Bulgaria - 10% and Cyprus - 12.5%).
The main condition for obtaining a Mauritius Forex license is that at least two officials who have at least 4 years of relevant experience and skills in this area must meet two requirements:
• Lack of criminal past
• Business plan for 3 years
In addition, there are certain criteria that financial companies can participate in forex trading.
For example, a company must be registered in Mauritius and have a registered office.
If you want to get a Mauritius license, then you have a chance to do this by contacting us for help.