What You Should Know About Banking In Mauritius?
Overview of banking system in Mauritius
Why open offshore bank account in Mauritius?
How to open a Mauritius corporate
bank account online
Choose a bank
Research and choose a bank that meets your business needs, considering factors like minimum deposit, fees, and services.
Check your eligibility
Check bank's eligibility criteria and ensure you meet the minimum requirements to open an account (i.e., residency status, business type, or minimum deposit, etc.)
Submit online application
Upload the necessary documents, provide your personal details, and submit your online application to open a Mauritius corporate bank account.
Wait for account approval
The banks may require additional information to verify your application. The approval timeframe may vary depending on the application complexity and internal processes.
Banking Options for Mauritius Company
Country | Bank | Online Banking | Personal Visit | Credit Card | Debit Card | Initial Deposit |
---|---|---|---|---|---|---|
Belize | Belize Bank | US$4,000 | ||||
Caye International Bank Ltd. | US$1,000 | |||||
Heritage Bank | US$3,000 | |||||
British Virgin Islands | First Caribbean International Bank | US$25,000 | ||||
Mauritius | Bank One Limited | US$25,000 | ||||
Mauritius Commercial Bank | US$50,000 | |||||
Investec Bank | US$50,000 | |||||
Singapore | DBS | SGD 250,000 | ||||
HSBC | US$200,000 | |||||
UOB | US$100,000 | |||||
UAE | RAK Bank | US$10,000 |
**Initial deposit is often blocked in the offshore bank account; if so, this amount is often small.
However, banks in Hong Kong and Singapore do not freeze this amount, so you can use it freely. But you will be charged an additional fee for not maintaining your account above min balance.
Belize Bank
Initial Deposit
US$4,000
Caye International Bank Ltd.
Initial Deposit
US$1,000
Heritage Bank
Initial Deposit
US$3,000
However, banks in Hong Kong and Singapore do not freeze this amount, so you can use it freely. But you will be charged an additional fee for not maintaining your account above min balance.
Wonder which can be the best bank for your Mauritius company? Let's find out with our Banking Tool
TRY IT NOWRequired Documents
The specific documents needed will vary depending on the bank you choose. Here are some commonly requested items:
Account application forms
Bank statements
Bank reference letter
Business proofs (e.g., sales/purchase orders, invoices, contracts)
Certified copies of valid passports and recent address proofs (within 3 months) for all directors, shareholders, and account signatories
Business plan
Certified copies of Mauritius GBC company documents (e.g., Certificate of Incorporation, Memorandum & Articles of Association, Registers of directors/shareholders)
Certificate of Good Standing/Certificate of Incumbency
For precise document requirements tailored to your situation, please contact our support team.