Mauritius: Financial Services

Mauritius has issued comprehensive guidance notes on stablecoins, marking a significant tightening of its regulatory framework three years after initial consultation. The new rules prohibit algorithmic and yield-bearing models, mandate redemption at par value within five days, and introduce dual oversight with the Bank of Mauritius for certain arrangements.

A Mauritius Global Treasury Activities Licence allows multinational groups to centralise treasury operations such as cash management, group financing, foreign exchange risk and liquidity management in one jurisdiction. For businesses operating across Africa, it can improve financial oversight, strengthen governance, simplify banking relationships and, where conditions are met, provide valuable tax incentives.

The Mauritius Budget 2026/27 introduces major reforms to strengthen the country’s international financial centre, attract global investment and support business growth. Key measures include a new Golden Visa programme, changes to the Work and Live Scheme, fintech regulation, tax reforms, manufacturing incentives and enhanced compliance frameworks.

Success doesn't happen by chance, it is built on the right foundations. At Axis, fund administration is more than just ticking operational boxes—it is about being a trusted partner to fund managers at every stage of the journey.

Mauritius has earned globalrecognition forits swift and determined reforms in AntiMoney Laundering and Countering the Financing of Terrorism (AML/CFT).

At Axis, we go beyond ticking boxes—combining Mauritian regulatory requirements with global best practices to deliver thorough, insight-driven screening.

Special vacation leave and broad changes to paid parental leave, overtime and holiday pay are substantially increasing the amount of leave available to workers in Mauritius.

The Finance (Miscellaneous Provisions) Act 2024 was gazetted on 27 July 2024. It legislates the measures announced in the Minister of Finance's Budget Speech 2024-2025.

In the second part of this series, we consider the key changes that the Finance (Miscellaneous Provisions) Bill 2024 proposes to bring to the global business and financial services sectors. To receive our summary of the legislation when it is enacted in a few weeks.