Open an account in Mauritius - COREDO


The small African island country of Mauritius, which lies in the south-eastern part of the Indian Ocean and to the west of the island of Madagascar, has a stable economy. It is attractive not only because of its unique Black River Gorges National Park and endless sandy beaches with lagoons and reefs, but also as a convenient platform for financial transactions in the Asian and African regions. Mauritius has one of the strongest economies in Africa and is considered to be one of the leading economic reformers in the region. The banking sector in Mauritius dates back to the early 19th century and is regarded as the most developed in the region. The banking sector in Mauritius has witnessed a rapid development in recent years. All these factors combine to make it easy to open a bank account on the island.

There are nineteen banks on the island. The most popular ones are the Mauritius Commercial Bank, State Bank of Mauritius, ABC Banking Corporation and BanyanTree Bank. The banks in Mauritius have long had a well-deserved reputation for being among the most client-friendly. They have an open and customer-oriented policy as well as are always ready for a dialogue with their clients.


Among the other advantages of banks in this country, it is important to mention the following:

  • existence of additional measures to avoid double taxation;
  • complete ban on the repatriation of deposits, ensured by law;
  • complete confidentiality and security of information for the customers;
  • relatively low service charges;
  • no state exchange control;
  • possibility to open accounts remotely.


Our company is ready to provide you with effective assistance in the matter of opening an account in Mauritius. We provide this service in a comprehensive manner, starting with advice and preparation of a complete set of documents and ending with obtaining the supporting documents for the account opening and handing them over to the applicant.

The standard set of documents includes director, company owners and other attorneys-in-fact ID cards as well as the original statutes (apostilled). 

The verification process by a bank institution and direct opening of an account usually takes 14 days or more. It depends on the requirements of the chosen bank.

Please contact us if you ever need to open an account in Mauritius. Our specialists have extensive experience in working with local banks and are ready to help in choosing the proper bank for your business as well as assist in preparing the necessary documents.


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