
Open a Bank Account in Mauritius
Mauritius is a politically stable jurisdiction and one of the largest financial hubs in Africa.
Mauritius’ banking sector is made up of sophisticated financial institutions that offer global banking services to a broad range of corporates and individuals. In addition to traditional banking facilities in a number of foreign currencies, they also offer card-based payment services, such as credit and debit cards, internet banking, and trade financing facilities. Furthermore, Mauritius is part of the IBAN numbering system, which may be convenient for individuals and companies transacting with European Banks.
Banks in Mauritius also offer institutional banking and wealth management services such as fund administration, custodial services, trusteeship, structured lending, international portfolio management, investment banking, private client activities, treasury, and specialized finance.
Mauritius corporate accounts are available for Mauritius Global Business License companies (GBL), as well as nonresident companies, including entities incorporated in offshore jurisdictions. Mauritius banks also understand wealth and succession planning structures and are used to work with structures using Trusts and Foundations.
Account opening procedures for corporate accounts are some of the most straightforward worldwide, and the turnaround time is pretty quick compared to other international financial centers.
For nonresident individuals, Mauritius also offers international banking facilities, from transactional banking and foreign currency exchange to brokerage accounts and wealth management services.
All in all, Mauritius is an attractive location for offshore companies to open bank accounts, especially if they are doing business in Asia, Europe, and Africa, as well as for nonresident individuals looking for a safe banking location with sophisticated wealth management services.
We can help you open business and personal accounts in Mauritius. Accounts are available for both resident and non-resident companies and individuals. We work with 2 different banks in Mauritius. Each bank has different eligibility requirements, types of accounts available and onboarding processes. We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs:
- Mauritius Bank Option 1 (Business Account, Personal Account)
- Mauritius Bank Option 2 (Business Account, Personal Priority Account)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Mauritius Bank Option 1 (Investec Bank)
Account Details
Eligibility | Local and Foreign Companies (Including Offshore Companies) |
Account type and Currency | Multi-Currency Call Deposit Account (USD, GBP, EUR, MUR and 13 other currencies) |
Minimum Initial Deposit | USD 50,000.00 |
Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 50,000.00 |
Online Banking | Internet Banking (Web) |
Cards (Currency) | Debit Cards (USD, EUR, GBP and MUR) |
Other Services | Term Deposits Online Forex Trading Platform Treasury Products Wealth Management Lending |
Remote opening: no personal visit to Mauritius is required.
Account Details
Eligibility | International Individuals* |
Account type and Currency | Multi-Currency Call Deposit Account (USD, GBP, EUR, MUR and 13 other currencies) |
Minimum Initial Deposit | USD 50,000.00 |
Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 50,000.00 |
Online Banking | Internet Banking (Web) |
Cards (Currency) | Debit Cards (USD, EUR, GBP and MUR) |
Other Services | Term Deposits Online Forex Trading Platform Treasury Products Wealth Management Lending |
Remote opening: no personal visit to Mauritius is required.
*Individuals from higher-risk jurisdictions may not be eligible
- Business Account
-
Account Details
Eligibility Local and Foreign Companies (Including Offshore Companies) Account type and Currency Multi-Currency Call Deposit Account (USD, GBP, EUR, MUR and 13 other currencies) Minimum Initial Deposit USD 50,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 50,000.00 Online Banking Internet Banking (Web) Cards (Currency) Debit Cards (USD, EUR, GBP and MUR) Other Services Term Deposits
Online Forex Trading Platform
Treasury Products
Wealth Management
LendingRemote opening: no personal visit to Mauritius is required.
- Personal Account
-
Account Details
Eligibility International Individuals* Account type and Currency Multi-Currency Call Deposit Account (USD, GBP, EUR, MUR and 13 other currencies) Minimum Initial Deposit USD 50,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 50,000.00 Online Banking Internet Banking (Web) Cards (Currency) Debit Cards (USD, EUR, GBP and MUR) Other Services Term Deposits
Online Forex Trading Platform
Treasury Products
Wealth Management
LendingRemote opening: no personal visit to Mauritius is required.
*Individuals from higher-risk jurisdictions may not be eligible
Mauritius Bank Option 2 (Bank One)
Account Details
Eligibility | Local and Foreign Companies (Including Offshore Companies) |
Account type and Currency | Current Account Call Deposit Account (MUR, USD, EUR, Other Currencies) |
Minimum Initial Deposit | USD 25,000.00 |
Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 25,000.00 |
Online Banking | Internet Banking (Web) |
Cards (Currency) | Visa Prepaid Card (USD) (Max. USD 5,000 per month) Visa Debit Card (MUR) Visa Credit Card (MUR) |
Other Services | Term Deposits Cross-border Payments E-Commerce Acquiring Services (Only Domestic entities and Mauritius Companies with Global Business Licenses) Escrow Services Cross-border lending/trade finance facilities |
Remote opening: no personal visit to Mauritius is required.
Account Details
Eligibility | International Individuals |
Account type and Currency | Call Deposit Account (MUR, USD, EUR, Other Currencies) |
Minimum Initial Deposit | USD 50,000.00 |
Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 10,000.00 |
Online Banking | Internet Banking (Web) |
Cards (Currency) | Visa Prepaid Card (USD) (Max. USD 5,000 per month) Visa Debit Card (MUR) Visa Credit Card (MUR) |
Other Services | Term Deposits Cross-border Payments Foreign Exchange |
Remote opening: no personal visit to Mauritius is required.
- Business Account
-
Account Details
Eligibility Local and Foreign Companies (Including Offshore Companies) Account type and Currency Current Account
Call Deposit Account (MUR, USD, EUR, Other Currencies)Minimum Initial Deposit USD 25,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 25,000.00 Online Banking Internet Banking (Web) Cards (Currency) Visa Prepaid Card (USD) (Max. USD 5,000 per month)
Visa Debit Card (MUR)
Visa Credit Card (MUR)Other Services Term Deposits
Cross-border Payments
E-Commerce Acquiring Services (Only Domestic entities and Mauritius Companies with Global Business Licenses)
Escrow Services
Cross-border lending/trade finance facilitiesRemote opening: no personal visit to Mauritius is required.
- Personal Priority Account
-
Account Details
Eligibility International Individuals Account type and Currency Call Deposit Account (MUR, USD, EUR, Other Currencies) Minimum Initial Deposit USD 50,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 10,000.00 Online Banking Internet Banking (Web) Cards (Currency) Visa Prepaid Card (USD) (Max. USD 5,000 per month)
Visa Debit Card (MUR)
Visa Credit Card (MUR)Other Services Term Deposits
Cross-border Payments
Foreign ExchangeRemote opening: no personal visit to Mauritius is required.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is guaranteed if the account is not successfully opened, but a 15% administrative fee applies.