Mauritius emoney PSP Payment Processing Provider License

 MAURITIUS PAYMENT INTERMEDIARY LICENSE / PSP 
 THE LICENSE TO PROVIDE PAYMENT INTERMEDIARY SERVICES 
Your payment provider license is now easy to get - also offshore in one of the most reputable countries: Mauritius. Operate as an e-money / PSP registered company, offer wallets, transfers, currency exchange online and much more. Serve customers around the world and earn on incoming funds, SWIFT fees, merchant & account opening or maintenance fees. Act professionally like a bank in their payment business. BL Corporate Services Ltd will introduce you to one of the best Corporate Services Providers in Mauritius, which is specialised on setting up these sophisticated licensed entities.

Mauritius is THE flourishing offshore financial center; its formation market has become one of the fastest growing company registries in the world due to its efficiency, innovation and its broad range of offshore services. The white listing and excellent reputation makes it easy to attract worldwide customer due to the lack of confidence in most other offshore financial centers.

Offer your customers first class payment processing services and charge maintenance fees, account fees, transfer fees, percentage fees for incoming and outgoing transfers, offer merchant services. Do it offshore in a regulated environment where it‘s easy but trusted. Mauritius is the jurisdiction for it.

Mauritius is the jurisdiction for it.


Investors and businesses are flocking to Mauritius, taking advantage of its low cost, strict confidentiality laws and flexible incorporation regulations making the formation process simple and efficient.

Outstanding advantages:

  • Low corporate tax

  • Quick approval and application process

  • 100% Western standard in legal framework

  • Fantastic banking infrastructure; we will settle you with international banks that are fully SWIFT Members

  • Guaranteed full bank account openings with multi currency accounts (suitable also for customers third-party funding)

  • Payment Gateway to Europe possible to enable access to the SEPA Area

  • Mauritius is a member of ESAAMLG, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures in Mauritius was conducted by the International Monetary Fund (IMF) and adopted by ESAAMLG since 2008.

  • English is business and trade language along with French

  • Only 2 hours time difference to Central Europe - so strategically you can reach Europe, Asia, and the US within one business day

 

Regulator:

The regulator and supervisor for the activity as Payment Intermediary is the Mauritius Financial Services Commission. Your new MC in Mauritius will help you and guide you through the licensing process, preparing your paperwork, giving you priceless input and delivering more services than most Corporate Services Providers are offering.

 

Other Information:

Since Mauritius has been one of the first offshore jurisdictions that implemented international standards in banking services and also in financial licensing, the islands are internationally well recognized and not described as a tax havens with low AML rules or supporting criminal activities.  Investors and incorporators can enjoy financial freedom, but under a clear legal framework that is internationally recognised and accepted.

Talk to us

+852 8191 4752
+46 21 490 49 88

email: click here >>

PERMITTED ACTIVITIES

The Mauritius Payment Intermediary License enables you to carry out the following services:
 

  1. offer wallets / accounts to individuals and corporate clients

  2. offer Merchant services like trustee payment processing, credit card processing etc to companies, online shop owners or any kind of Merchant that is operating according to its local and the Mauritius laws

  3. enable customers funding of their wallets, process incoming and outgoing payments directly via correspondence banks or through other Payment Services Providers e.g. in Europe to use the SEPA infrastructure of third parties; 

  4. charge fees for accounts, openings, incoming and outgoing transfers, credit card processing, other payment methods

  5. issue account certificates to your account holders

  6. offer online banking and transfer options for individuals and corporate clients

  7. Issue debit cards by co-branding or white label via MasterCard / VISA Card Principal Members

  8. onboard customers from worldwide - also the United States due to the Non Off FATCA Registration

 

IMPORTANT THINGS

Due to our 15 year long business activity we can offer you the introduction to EU payment providers to get access to the SEPA payment area.

Please note. So as any other offshore PSP license you cannot issue your own IBAN account numbers. Customers do get sub-accounts. Incoming and outgoing payments will be processed through your main bank account with your correspondence bank in Mauritius or any other institution where you are going to hold bank or payment provider accounts.

TAXATION

 

The Mauritius GBC1 is set up under the Companies Act 2001 and licensed under the Financial Services Act 2007 - so a low  tax will apply to your business what is very low compared to PSP entities to be registered in Europe or South East Asia.

A Mauritius GBC1 is considered as a Mauritius tax resident company (and therefore have access to the double tax treaties of Mauritius) if its management and control is exercised from Mauritius (what will be arranged within our setup package).


 

CAPITAL REQUIREMENT

 

The capital requirement / paid-up capital for a PSP licensed entity in Mauritius is attractive compared to other prime jurisdictions (excluded of the setup and licensing price - can come from other entities, e.g. based on board resolutions).


 

BANK ACCOUNTS

 

An PSP company without bank accounts is useless - so be aware of incorporators that simply offering incorporation and licensing packages and do not guarantee the bank account openings.

We can guarantee through our partners the opening of full SWIFT bank accounts in the name of your Mauritius company with the real big players in the islands. Multi Currency Accounts, online banking, digi pass security and debit cards to pay directly business expenses are standard. A bank account opening is even a must for any regulated company in Mauritius - you are there on the safe side - we will arrange it properly for you according to the requirements.

Our collaborating MCs and CSPs will provide you with all bank account opening forms pre-filled, ready for signature and shipment back to Mauritius. 

SETUP MAURITIUS

Standard Corporate Services:
  • GBC1 Setup incl all register fees
  • Regulatory Fees / FSC and ROC
  • One Off FATCA Registration
Licensing services and licensing support​: 
Duly dated and pre-filled Application Form, Prescribed Processing and/or Annual Fee(s). - your future fee tableau and general basic info about the core business and core business activities you are going to undertake as Payment Processor (should be in accordance to the Permitted Activities), Business Plan including: (i) – Introduction and Background; (ii) – Business objective, strategy and proposed activity; (iii) – Organisation Chart; (iv) – Target market(s) and client(s) profile; (v) – Mode(s) of financing; (vi) – Three year Financial Forecasts (Balance Sheet, Profit and Loss Account, and Cash Flow Statement); and (vii) – Any other relevant information, Confirmation that the Applicant shall implement a manual of internal control and compliance procedures, once it is licensed/ authorised, appointment of local directors and compliance officers, bank account opening, acquisition of tax advisor / auditor and much more.
Mauritius Payment Intermediary Provider - Get all info!

COMPLIANCE PACKAGE (MONTHLY PAYABLE)

To fulfil the requirements permanently, a full compliance package for your reguated entity to make sure that you will never disappoint the regulator and all goes really according to the laws. The content of the monthly package is:

  • Administration Fees and Local Director (2x) 

  • Registered Office and Registered Agent

  • Accounting and Yearly Financial Statements, Taxation (quarterly and annual)

  • On-going Compliance to satisfy regulator / check of customers Due Diligence

  • On-going FATCA Reporting of US customers

  • Regulatory fee (FSC, ROC)

The fee for this monthly payable package is lower than one secretary or employed person in Europe would cost your entity. Ongoing and maintenance costs are always to be paid directly to the respective CSP / MC as offering and executing entity.

Meet Up

 

Served Office / Meeting Facilities

Non Executive / Non Administration:


BL Corporate Services Ltd.

Menara Bangkok Bank
Berjaya Central Park
1, Jalan Ampang
50450 Kuala Lumpur
Malaysia

BL Group

 

BL Corporate Services LTD
New Horizon Building, Ground Floor
3 1/2 Miles Philip SW Goldson Highway
Belize City, Belize
Register 162,218

Instant Contacts

 

+852 8191 4752
+1 678 701 3666

email:    info@financial-licenses.com

B L   C O R P O R A T E  S E R V I C E S   L T D ,   N e w   H o r i z o n   B u i l d i n g ,   G r o u n d   F l o o r ,   3 / 5   M i l e s   P h i l i p ,  S . W .   G o l d s o n   H i g h w a y
 B e l i z e   C i t y ,   B e l i z e  - -  1 6 2 , 2 1 8

BL is not a bank, nor does it provide banking services. BL offers international company formation, corporate administration services, and bank/broker introductory services and account opening assistance through third parties only. This website is only used for promotional marketing purposes of BL and is not intended to portray that this is the site of a bank, financial institution or being itself a licensed or regulated Corporate Services Provider. BL connects customers and Corporate Services Provider which are in an exclusive partnerships with BL Corporate Services Ltd in the respective jurisdiction(s). 

BL delivers all services through accreditated, regulated and licensed third parties such as banks, corporate services providers, legal representatives, accountants etc. The strength of BL is to consult and inform customers before they start a licensing application process and/or company formation setup with the respective counterparts. KYC and AML checks will be conducted before BL is onboarding any kind of client. BL makes sure that customers will end up with high reputable corporate services providers and payment institutions. All partners have been checked with BL. 

In the following jurisdictions BL is providing the services through professional CSPs, banks, legal representatives, accountants etc. All services are considered to be third party services, but under permanent control and monitoring of the BL Group, which will be your guide and primarly contact point until the corporate and/or licensing setup has been finalised successfully. We will introduce you directly the competences but still assist you as your partner during the entire setup process. The jurisdictions where third party services by CSPs / MC (Management Companies) are being carried out are: Bahamas, BVI, Cayman Islands, Seychelles, Mauritius, South Africa, Malaysia, Vietnam, Japan, Vanuatu, Cook Islands, UAE, United States of America, Kazakhstan, Republic of Georgia, European Union in general.