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Investment Dealer · Full Service
Full Investment Dealer Licence.
The Full Service Dealer licence (excluding underwriting) is the broad broker-dealer permission issued by the Mauritius FSC. It authorises the holder to act as principal and agent, distribute securities, and provide investment advice as part of normal dealing activity.
What this licence lets you do
- Deal in securities as principal (own account) and as agent (for clients)
- Distribute and place securities to investors
- Provide investment advice incidental to dealing activity
- Hold and manage client money / securities (where permitted)
- Operate a broker-dealer business onboarding international clients
Eligibility & substance
- Mauritius GBC company with FSC Investment Dealer (Full Service) licence
- Minimum stated unimpaired capital — significantly higher than Adviser/CIS Manager
- At least 2 resident Mauritius directors + qualified key persons (CEO, Head of Dealing, Compliance, MLRO)
- Full substance: local office, accounting records, audited financials, principal bank account in Mauritius
- Compulsory professional indemnity insurance and AML/CFT framework
- Tax: 15% headline rate with partial exemption regime potentially applicable
Cost breakdown — Full Service Dealer (USD)
Per the Premier Financial Services quote for the Investment Dealer (Full Service excluding underwriting) licence.
| Item | Year 1 — Government | Year 1 — Premier | Year 2+ — Government | Year 2+ — Premier |
|---|---|---|---|---|
| Formation fees | 1,250 | 8,000 | — | — |
| Annual fees (Statutory, Registered office & Company Secretary, 2 local Directors) | 4,950 | 8,500 | 4,950 | 8,500 |
| MLRO, DMLRO & Compliance Officer | — | 7,500 | — | 7,500 |
| Annual Financial Statements (minimum) | — | — | — | 2,500 |
| Quarterly Tax Return | — | — | — | 2,000 |
| Bank account opening (one-off) | — | 1,000 | — | — |
| Total fees | 6,200 | 27,000 | 4,950 | 20,500 |
Grand totals: Year 1 USD 33,200 · Year 2+ USD 25,450.
Excluded from the quote
- Audit fees — charged separately by the auditors.
- Insurance cover — charged separately by the insurance agent.
- AML/CFT independent auditor fee.
- Monthly compliance fees (client onboarding, Customer Risk Assessment, quarterly AML checks, FSC inspections) — depends on transaction volume; minimum USD 7,500 per year.
- Rented office space in Mauritius.
- Post-incorporation works / additional services — mutually agreed or billed on a time basis.
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