Authorized Business Activities
FSC Mauritius License
Understanding the scope of permitted activities and services you can offer under FSC regulation in Mauritius.
License Categories & Permitted Activities
Each FSC Mauritius license category prescribes specific permitted activities. Choose the right category based on your intended business operations.
Investment Dealer
Primary trading and intermediary services
Investment Dealers can act as intermediaries, trade as principals, provide underwriting services, and manage client portfolios. Multiple sub-categories available based on service scope.
Investment Adviser
Advisory and portfolio management services
Investment Advisers focus on providing investment advice, portfolio management, and corporate finance advisory services. Different categories based on service restrictions.
Investment Dealer License Categories
Different Investment Dealer categories with specific authorized activities and service scopes
Investment Dealer - Full Service, Including Underwriting
The most comprehensive Investment Dealer license with full trading and underwriting capabilities
Authorized Activities:
- Act as an intermediary in the execution of securities transactions for clients
- Trade in securities as principal with intention of reselling to the public
- Underwrite or distribute securities on behalf of issuer or holder
Additional Services:
- Give investment advice ancillary to normal business activities
- Manage portfolios of clients
Investment Dealer - Full Service, Excluding Underwriting
Full trading services and portfolio management without underwriting activities
Authorized Activities:
- Act as an intermediary in the execution of securities transactions for clients
- Trade in securities as principal with intention of reselling to the public
- Underwrite or distribute securities (excluded)
Additional Services:
- Give investment advice ancillary to normal business activities
- Manage portfolios of clients
Investment Dealer - Broker
Focused on order execution, portfolio management, and advisory services
Order Execution
Execute orders for clients
Portfolio Management
Manage portfolios of clients
Advisory Services
Advise on securities transactions to clients
Investment Dealer - Discount Broker
Streamlined execution-only services without advisory functions
Order Execution Only
Execute orders for clients without advising on securities transactions
Investment Adviser License Categories
Advisory-focused licenses for portfolio management and investment guidance services
Investment Adviser - Unrestricted
Full advisory and portfolio management services without restrictions
Portfolio Management
Manage, under a mandate, portfolios of securities
Investment Advisory
Advise on securities transactions, other than corporate finance advisory, through printed materials or other means
Investment Adviser - Restricted
Advisory services through printed materials and other means, without portfolio management
Securities Advisory
Advise on securities transactions, other than corporate finance advisory, through printed materials or other means
Investment Adviser - Corporate Finance Advisory
Specialized corporate finance advisory services for securities transactions
Corporate Finance Advisory Services:
Listing Compliance
Compliance with listing requirements of any security exchange
Capital Raising
Raising of funds through the issue of securities
Corporate Restructuring
Arrangement or restructuring including takeovers, mergers, and acquisitions
Choosing the Right License Category
Select the appropriate license based on your intended business activities and service offerings
Full-Service Brokerage
For comprehensive trading operations, choose Investment Dealer - Full Service with or without underwriting based on your needs.
Best for: Full trading operations and client services
Advisory Services
For advisory and portfolio management focus, choose Investment Adviser - Unrestricted for maximum flexibility.
Best for: Investment advisory and asset management
Execution Only
For streamlined operations, choose Investment Dealer - Discount Broker for execution-only services.
Best for: Low-cost execution services
Ready to Choose Your License Category?
Our experts will help you select the right FSC license category based on your business model and intended activities. Get personalized guidance for your Mauritius licensing strategy.