Investment firm / broker-dealer · Mauritius

Investment Adviser Licence (Mauritius)

The Investment Adviser Licence is issued by Financial Services Commission (FSC) under Securities Act 2005. It covers investment advice. It is valid in Mauritius only; each other market needs its own authorisation. Ownership changes need the regulator's approval before completion.

Last verified 2026-09-24Regulator FSCMarkdown · Data (CC BY 4.0)

At a glance

Official name	Investment Adviser Licence¹
Also known as	Investment Adviser (Unrestricted) licence · Investment Adviser (Restricted) licence · FSC Mauritius investment adviser licence · Mauritius investment advisor licence
Issued by	Financial Services Commission
Jurisdiction	Mauritius
Licence family	Investment firm / broker-dealer
Legal basis	Securities Act 2005¹
Passporting	Domestic only

What it lets you do

Investment advice	Giving personal recommendations to a client about one or more transactions in financial instruments.

Where it is valid

Valid in Mauritius.

Buying a company that already holds it

Prior approval required. Under Section 23 of the Financial Services Act 2007 and Section 16 of the VAITOS Act 2021, any issue or transfer of shares or legal or beneficial interest in a licensee requires the prior approval of the FSC, and any unauthorized transfer is void. Prior approval is not required for transfers under 5% (unless resulting in an individual holding over 20% or a change of control) or transfers to existing shareholders that do not alter control, both of which require written notification to the Commission. A controller is defined as any person holding or controlling not less than 20% of shares or voting power, or able to exercise significant influence, or holding board appointment/removal powers. Controllers and beneficial owners are subject to fit and proper vetting.²

Ready-made companies holding this licence: see verified positions.

IF in other countries

Country	Licence	Regulator	Min. capital	Application fee	Statutory time
Abu Dhabi Global Market (ADGM)	Investment firm licenceFinancial Services Permission for Dealing in Investments as Principal (Category 2)	FSRA	n/a	USD 40,000	n/a
Abu Dhabi Global Market (ADGM)	Investment firm licenceFinancial Services Permission for Dealing in Investments as Agent or Matched Principal (Category 3A)	FSRA	n/a	n/a	n/a
Abu Dhabi Global Market (ADGM)	Investment firm licenceFinancial Services Permission for Advising on Investments or Arranging Deals in Investments (Category 4)	FSRA	n/a	n/a	n/a
Australia	Australian financial services licence (AFSL)	ASIC	n/a	n/a	n/a
Bermuda	Investment Business LicenceInvestment Business Licence (standard licence, under the Investment Business Act 2003)	BMA	n/a	n/a	n/a
British Virgin Islands	Investment Business LicenceInvestment Business Licence (Categories 1-4: dealing, managing, advising, custody/administration of investments)	BVI FSC	n/a	n/a	n/a
Cayman Islands	Securities Investment Business Licence / Registered Person	CIMA	n/a	n/a	n/a
Cyprus	Cyprus Investment Firm (CIF) authorisation	CySEC	n/a	EUR 7,000	~6 mo
Czech Republic	Investment Firm licence	CNB	n/a	CZK 20,000	~6 mo
Dubai International Financial Centre (DIFC)	Investment firm licenceFinancial Services Permission for Dealing in Investments as Principal (Category 2)	DFSA	n/a	USD 40,000	n/a
Dubai International Financial Centre (DIFC)	Investment firm licenceFinancial Services Permission for Dealing in Investments as Agent or Operating an Alternative Trading System (Category 3A)	DFSA	n/a	USD 25,000	n/a
Dubai International Financial Centre (DIFC)	Investment firm licenceFinancial Services Permission for Advising on Financial Products or Arranging Deals in Investments (Category 4)	DFSA	n/a	USD 15,000	n/a
Estonia	Authorisation as an investment firm	FI	n/a	EUR 3,000	~2 mo
France	Financial investment adviser status	AMF	n/a	n/a	n/a
Germany	Investment firm licence	BaFin	n/a	EUR 6,336	~6 mo
Hong Kong	Type 1 Licence for Dealing in Securities	SFC	n/a	HKD 4,740	~3.5 mo
Hong Kong	Type 2 Licence for Dealing in Futures Contracts	SFC	n/a	HKD 4,740	~3.5 mo
Hong Kong	Type 4 Licence for Advising on Securities	SFC	n/a	HKD 4,740	~3.5 mo
Hong Kong	Type 6 Licence for Advising on Corporate Finance	SFC	n/a	HKD 4,740	~3.5 mo
Hong Kong	Type 7 Licence for Providing Automated Trading Services	SFC	n/a	HKD 4,740	~3.5 mo
Ireland	Investment Firm Authorisation (MiFID II)	CBI	n/a	n/a	n/a
Italy	Investment firm licence (SIM)	CONSOB	n/a	n/a	~6 mo
Latvia	Investment firm licence	LB	n/a	n/a	n/a
Lithuania	Financial brokerage firm licence	LB	n/a	n/a	n/a
Luxembourg	Investment firm authorisation	CSSF	n/a	EUR 50,000	~6 mo
Malaysia (Labuan)	Securities Licensee licenceSecurities Licensee licence (dealing in / advising on securities)	Labuan FSA	n/a	n/a	n/a
Malta	Investment services licence (Category 1, 2, or 3)	MFSA	n/a	EUR 7,250	~6 mo
Mauritius	Investment Adviser Licence	FSC	n/a	n/a	n/a
Mauritius	Investment Dealer Licence	FSC	n/a	USD 500	~0.5 mo
Netherlands	Investment firm licenceInvestment firm licence (Vergunning beleggingsonderneming) under Wft Article 2:96 and MiFID II	AFM	n/a	EUR 200	~3 mo
Poland	Brokerage House licence (dom maklerski)	KNF	n/a	EUR 4,500	~2 mo
Seychelles	Securities Dealer's Licence	FSA	n/a	n/a	n/a
Singapore	Capital Markets Services (CMS) Licence	MAS	n/a	SGD 1,000	n/a
Slovakia	Investment firm licence	NBS	n/a	n/a	n/a
South Africa	Financial Services Provider licence - Category IFinancial Services Provider licence - Category I (advice and/or intermediary services, non-discretionary, incl. crypto assets)	FSCA	n/a	n/a	n/a
South Africa	Financial Services Provider licence - Category II (discretionary FSP)	FSCA	n/a	n/a	n/a
South Africa	Over-the-Counter Derivative Provider (ODP) authorisationOver-the-Counter Derivative Provider (ODP) authorisation under the Financial Markets Act	FSCA	n/a	n/a	n/a
Spain	AV) investment firm licence	CNMV	n/a	EUR 10,000	~6 mo
Spain	Empresa de Asesoramiento Financiero (EAF) licence	CNMV	n/a	EUR 1,000	~6 mo
Switzerland	Portfolio manager licence	FINMA	n/a	n/a	n/a
Switzerland	Securities firm licence	FINMA	n/a	n/a	n/a
United Kingdom	MIFIDPRU Investment Firm Authorisation (Part 4A FSMA)	FCA	n/a	GBP 2,820	~6 mo

Values come from each licence's page, where every figure has its source.

Last verified 2026-09-24Author Danil Marmysh, Founder & CEO, ProtegraReviewed by Anastasia Sidorenkova, Head of Licensing, ProtegraReport an errorReference information, not legal advice.

Sources

lawsofmauritius.govmu.org: web · retrieved 2026-09-24
lawsofmauritius.govmu.org: web · retrieved 2026-09-24

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