Investment Adviser Licence

An Investment Adviser (IA) licence authorises a firm to provide investment advice on securities - and, in the “Unrestricted” category, to manage client portfolios under mandate - from a respected, well-regulated jurisdiction. In Mauritius, the Financial Services Commission (FSC) is the integrated regulator for securities activities, including Investment Advisers.

Seamless Mauritius Investment Adviser Licensing and Post-Licence Support
Renesis delivers end-to-end Mauritius Investment Adviser licensing: scoping the right category, structuring the entity, and preparing business plans, financial models, and policies, while coordinating with the FSC to approval. Renesis then secures banking, substance, and operations—compliance calendars, charters, workflows, insurance—and provides ongoing filings and readiness for capital-markets and cross-border mandates.

Investment Advisor Companies are licensed in either of the following categories

Mauritius offers a stable legal system, a pro-business regulator, and a strategic GMT+4 time zone that bridges Africa, the Middle East, Europe and Asia. Holding an IA licence signals credibility to banks, brokers and institutional clients and supports regional expansion, asset-management launches, research boutiques and family-office services. The FSC provides a clear framework and dedicated licence categories, helping firms match permissions to their business model.

Investment Adviser (Restricted)

Authorised to give advice on securities transaction other than corporate finance
advisory, through printed materials or any other means.

Investment Adviser (Unrestricted)

Authorised to manage, under a mandate, portfolios of securities and give advice on
securities transaction other than corporate finance advisory, through printed materials
or any other means.

Investment Adviser (Corporate Finance Advisory)

Authorised to provide corporate finance advisory services with respect to securities
transactions through printed materials or any other means.

Key Features of a Investment Adviser Licence in Mauritius

Pragmatic capital thresholds

Typical minimum unimpaired stated capital of MUR 600,000 (Unrestricted), MUR 500,000 (Restricted) and MUR 1,000,000 (Corporate Finance Advisory).

Scalable platform

Suitable for cross-border advisory, research, model portfolios, managed accounts, and corporate finance projects anchored in a reputable IFC.

Transparent fees & forms

FSC publishes the IA application/annual fees and the exact forms (SEC-2.4/2.5/2.5A), making scoping and budgeting straightforward.

Indicative processing timelines

The FSC communicates target timelines and response windows, helping you plan your launch.

Innovation pathway

Access the FSC Fintech Innovation Hub and Regulatory Sandbox to pilot new advisory models (e.g., tech-enabled portfolios) under supervision.

100% foreign ownership

Mauritius permits full foreign shareholding—no local partner required.

No exchange controls

Free repatriation of profits and dividends supports cross-border operations.

Double-tax treaty network

46 DTAAs enhance tax certainty for international clients and structures.

Scalable licence stack

It’s easy to expand into adjacent permissions later (e.g., Investment Dealer, CIS/Fund roles) within the same FSC framework.

Ecosystem advantages

Pro-business environment, multilingual talent, and a strategic GMT+4 time zone that aligns with Africa, the Gulf and Europe.

FAQs about an Investment Adviser licence (Mauritius)?

Who issues the licence?

The Financial Services Commission (FSC) Mauritius.

What are the categories?

Unrestricted, Restricted, and Corporate Finance Advisory, each with specific permitted activities.

Can an IA (Unrestricted) manage portfolios?

Yes—under client mandate (discretionary or non-discretionary).

Does the Corporate Finance Advisory licence cover M&A and capital-raising advice?

Yes, when the advice relates to “securities”under the Securities Act.

What are typical capital requirements?

Indicatively MUR 600k (Unrestricted), MUR 500k (Restricted), MUR 1m (Corporate Finance Advisory)in unimpaired stated capital.

Can digital/fintech models operate under an IA licence?

Yes—Mauritius has actively supported innovation (e.g., guidance on tokenised securities), provided the right licence and standards are met.

How Renesis Financials can help in applying for an Investment Adviser licence in Mauritius?

Renesis provides end-to-end support to scope the right Investment Adviser category, structure your Mauritius entity, prepare compelling application materials (business plan, financial model, policies), and coordinate with the FSC through to approval. Post-licensing, we assist with banking relationships, reporting cadence, and operational readiness so you can onboard clients and scale with confidence.