he amendments replace the existing fee schedules across a wide range of regulated activities, from corporate and trust service providers to investment funds, virtual asset service providers, insurers and family offices.
Although the amendments do not fundamentally change the regulatory framework, they reflect a continued move towards ensuring that the FSC has sufficient resources to supervise an increasingly sophisticated international financial centre.
What has changed?
The revised Rules update the First Schedule of the Financial Services (Consolidated Licensing and Fees) Rules 2008, increasing a number of annual licence fees and revising certain fee caps and late payment schedules.
Among the more notable changes are:
- Global Business Licence annual fee increased to USD 2,600.
- Authorised Company annual fee increased to USD 1,400 (excluding the Registrar of Companies annual registration fee).
- Management Licence fixed annual fee increased to USD 6,800, with the maximum aggregate annual fee increasing from USD 25,000 to USD 26,800.
Wider impact across the financial sector
The revised fee schedule extends well beyond the global business sector.
Updated fees apply to numerous regulated activities including:
- Corporate and Trust Service Providers
- Investment Dealers and Investment Advisers
- Collective Investment Schemes and Fund Managers
- Single and Multiple Family Offices
- Virtual Asset Service Providers (VASPs)
- Insurance businesses and insurance intermediaries
- Variable Capital Companies (VCCs)
- Global Shared Services providers
- Payment Intermediary Services
- Credit Rating Agencies and other specialised financial businesses.
Practical considerations for licensees
While the fee increases are modest when compared with the operating costs of most regulated businesses, firms should ensure that:
- annual regulatory budgets are updated;
- client pricing remains appropriate where regulatory costs are passed through;
- licence renewal payments are made promptly to avoid late payment charges; and
- businesses considering new licence applications factor the revised processing and annual fees into their establishment costs.
The FSC has also issued a Circular Letter confirming that, on an exceptional basis, the deadline for the payment of annual licence fees has been extended to 30 September 2026, providing licensees with additional time to comply with the revised fee schedule.
A continuing investment in regulation
Mauritius continues to strengthen its position as an internationally recognised financial centre. Enhanced supervision, growing regulatory expectations and expanding sectors such as virtual assets, family offices and investment funds inevitably require greater regulatory resources.
Although the revised fees represent an increase in operating costs for regulated firms, they remain competitive when compared with many other international financial centres and should be viewed within the broader context of maintaining a well-regulated, internationally respected jurisdiction.
Businesses operating in Mauritius should review the new fee schedules carefully to ensure that budgeting, licence renewals and new licence applications fully reflect the revised requirements now in force from 1 July 2026.
How Rosemont International (Mauritius) Can Help
Rosemont IManagement (Mauritius) assists international businesses, investment funds, family offices and financial institutions throughout the licensing lifecycle. Our experienced team provides advice on FSC licence applications, Global Business Companies, Authorised Companies, corporate governance, ongoing compliance, economic substance, AML/CFT obligations and regulatory reporting.
Whether establishing a new presence in Mauritius or managing an existing regulated structure, we help clients navigate the evolving regulatory landscape efficiently while ensuring continued compliance with FSC requirements. As regulatory expectations continue to develop, working with an experienced local corporate services provider can help businesses remain compliant, minimise operational risk and focus on their commercial objectives.
For further information, please contact: office@rosemont.mu
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