Capabilities of a Licensed Mauritius Family Office (SFO or MFO):
- Management and administration of family wealth and family-owned structures
- Coordination of investment activities for family clients
- Provision of consolidated reporting, accounting, and financial control services
- Estate, succession, and long-term family governance planning
- Acting as corporate director, officer, or manager of family investment entities
- Managing proprietary assets and related risk oversight
- Coordination of legal, tax, fiduciary, and professional advisory services
- Managing family philanthropic structures and foundations
- Providing operational support, concierge services, and administrative assistance
- Facilitating onboarding, due diligence, and AML/CFT compliance for family clients only
Mauritius Global Business Company (GBC) Formation with Family Office Services Licence £25000.00 + Vat
Request Callback
Enter your contact information below and someone will be in touch
Requirements to Form a Mauritius GBC and Apply for a Family Office Licence:
To incorporate your Mauritius Global Business Company and progress the Family Office Licence (Single Family Office or Multiple Family Office), the following steps must be completed:
Regulatory and Anti–Money Laundering Requirements
To comply with the Financial Services Commission (FSC) of Mauritius, all beneficial owners, controllers, and shareholders must provide:
– Apostilled passports
– Apostilled proof of residential address
– Apostilled Criminal Record Check
These documents are required regardless of whether Nominee Directors or Shareholders are appointed.
Incorporation as a Global Business Company (GBC)
Family office services in or from Mauritius require an FSC-issued licence under the Financial Services (Family Office) Rules 2020.
A family office may be structured either:
– As a standalone entity, or
– As a Global Business Company (GBC), where Mauritius tax residency and treaty access may be beneficial.
If the GBC route is chosen, the FSC requires that management and control occur in Mauritius, including at least two resident Mauritius directors. We would join the board accordingly to satisfy these expectations.
Licence Scope and Substance Requirements
The Family Office Rules impose specific limitations and operational requirements:
• Services may be provided only to “family clients” as defined under the Rules.
• A designated Officer, MLRO, Deputy MLRO, Auditor, and physical office premises in Mauritius are required.
• Minimum staffing expectations:
– SFO: at least one Mauritius-resident professional employee
– MFO: at least three Mauritius-resident professional employees
We can provide all required personnel within our service offering.
• Minimum unimpaired capital:
– USD 35,000 (Single Family Office)
– USD 70,000 (Multiple Family Office)
• Professional Indemnity Insurance must be maintained, covering fraud, electronic data risks, and professional liability.
• The client family must hold at least USD 5 million in investable, liquid assets.
• Activities conducted only with proprietary family funds fall within the family office framework; any activity for third parties may require an additional licence.
Capitalisation and Professional Fees
Applicants must demonstrate sufficient financial resources and capitalisation levels for SFO or MFO licensing. Additional time-based compliance and regulatory work may be charged depending on complexity.
Licence Application Duration
The FSC typically takes six to twelve months from submission to issue a Family Office Licence.
Prior to submission, we will assist in preparing:
– AML/CFT manuals
– Governance framework
– Compliance procedures
– Risk assessments
– Operational policies
– Business model documentation and supporting evidence
Important Notes
Information on this page may change without notice due to adjustments in Mauritius legislation or FSC regulatory policy.
Should legal or regulatory changes arise during the licensing process, we will identify any additional requirements and outline associated costs. Fees quoted relate to standard applications; additional fees may apply where the application requires re-submission, becomes complex, or requires additional local personnel.
Ongoing MLRO/AMLCO/Compliance Officer remuneration is not included in standard pricing.
Applicants must maintain robust risk management systems, internal controls, and operational resilience. Our support covers identifying applicable requirements but excludes procurement of I.T. systems, compliance platforms, or other operational infrastructure required for ongoing business activities.
While our service includes the use of a temporary capital deposit account for licence capitalisation, we can also assist in arranging permanent banking or operational accounts upon request.