Mauritius Account

Price: £445.00

A Mauritius Bank Account can be opened for businesses which have been incorporated in most jurisdictions including the UK. We work with this particular bank located in Mauritius, they meet our high standards on confidentiality, have an excellent reputation and offer a wide range of banking services which we believe will suit most requirements. This bank offers a wide range of different products and services.

This Bank accept companies incorporated in the Seychelles, however they must have good substance and the company should have been established and operating for several years.

Why Mauritius?

English Speaking Country – which makes it easier for you to communicate with them
One of Africa’s wealthiest countries and its financial system is one of the best on the continent
Mauritius has strong cultural links with Europe, India, China, Africa
Mauritius have a solid reputation as an investor friendly and open country offering predictability, stability and protection of investors
Has a well established banking institution with an efficient banking system and an international stock exchange

About the Bank

The Bank was formed in 1997, as First City Bank Limited (FCB), when it acquired the assets of Delphis Bank Limited
They RE branded in February 2016
They were the first bank in Mauritius to migrate its payment cards from magnetic stripe to EMV (Chip & PIN)
Universal Bank serving consumer banking, corporate, private and international
Licensed by the Financial Services Commission to act as an Insurance Agent, distributor of financial products and investment advisor
Has 13 branches and a well-distributed ATM network across Mauritius
It was awarded by visa for ‘Best Bank in Ecommerce Business Risk Management’ in 2014-2015
The Bank offers treasury services and has developed strong capabilities in e-commerce

Banking Advantages

Provides a wide range of banking products to its clients
The Bank provides access to a broad range of transactional banking services – from local collections to international payments
Free debit card and ability to apply for credit card
IBAN registered in Mauritius

Corporate Documents Required

We require Corporate Documents for the company that is opening a Mauritius Bank Account. The Corporate Documents must be certified as a true copy of the original.
The following Corporate Documents are required:

Certificate of Incorporation
Memorandum and Articles – Or similar document containing the companies rules
Certificate of Good Standing/Incumbency – if company is over 1 year
Register of Directors and Members
Document showing who the Beneficial Owner is
Organogram / Structure Chart of the company
Business Plan

We can assist you with obtaining the required corporate documents and also with the notarisation and apostille of the documents. Please contact us for assistance.

If the company is older than 1 year, we will require a Certificate of Good Standing. We can assist you with obtaining a Certificate of Good Standing from the relevant authority.

Personal Documents Required

The bank requires the following personal documents from each officer, beneficial owner and authorised signatories within the company:

Certified true copy of the current Passport – clearly showing the photographic image
Original or certified true copy of proof of residential address dated within the last 3 months. This could be a Utility Bill, Bank Statement, Credit Card Statement, Etc.
CV

If any of the above documents are not in English, a translated copy must be obtained.

Documents required for any Corporate Officer

Certificate of Incorporation
Memorandum and Articles – Or similar document containing the companies rules
Register of Director/Shareholder/Member
Share Certificate
Certificate of Good Standing/Incumbency – if company is over 1 year
Document showing who the Beneficial Owner is

All Due Diligence documents should be in either English, if not the documents should be translated into English or French and certified the same.

Certification Requirements

When a document requires certifying, an Accountant, Solicitor, Lawyer or Certified Auditor must certify the documents in English and the certificate must state the following:

‘I hereby certify that this document is a true copy of the original’
The Certifiers printed name
Name of the Organisation
Status/Position
Date Certified
Contact Information including Email Address and Contact Number

Currencies Available

The account can be opened in USD, EUR, GBP, AUD and CAD

Visit Required?

A Mauritius Bank Account does not require a visit to open this Business Bank Account. The Account can be opened remotely via email and telephone communication.

Initial Deposit

The initial deposit required for a Mauritius Bank Account is 25,000USD or currency equivalent. This amount should be kept in the account at all times.

Banking Facilities Available

Cheques book for convenience of payments Standing order facilities for recurring payments
Direct debit to pay your utility bills
Overdraft facilities to help you manage your cash flow
24/7 access to your account via online banking
Available in USD, EUR, GBP, AUD and CAD
Free Internet Banking
Debit Cards available
Please click here for a PDF of the Banks fee schedule View

Available for most jurisdictions

Why Choose CFS Formations?

CFS will provide a fast, simple and transparent service that goes the extra mile to ensure complete customer satisfaction. We have a dedicated accounts manager who works within the bank which we liaise with to ensure the account opening runs as smoothly. Our experienced team will offer full support throughout the bank application.

Bank Account Introductions are not guaranteed, although we do try our best to ensure the account is opened. The Banks criteria can change without prior notice.

Unfortunately, the Bank Account opening is at the discretion of the Bank and their decision is out of our control.

If the Bank decline your application for a Bank Account, kindly note that refunds cannot be provided as we have still processed the application for you.