Which offshore or international bank is the best in Mauritius?

Mauritius is a reputable International Financial Centre (IFC) that offers a robust and well-regulated banking environment, especially for offshore and international business operations. As of 2025, several banks stand out for their offshore banking services, depending on your needs for corporate accounts, private banking, or wealth management. Here are the top options:

1. SBM Bank (Mauritius) Ltd

• One of the largest and most established banks in Mauritius
• Offers multi-currency offshore corporate accounts
• Strong digital banking platform for international transactions
• Popular with Global Business Companies (GBCs) and investment holding structures

2. AfrAsia Bank

• Highly regarded for its private banking and international corporate banking services
• Flexible account structures tailored for HNWIs, asset managers, and offshore companies
• Excellent customer service, especially for cross-border banking needs
• Preferred for clients needing Euro, USD, and GBP accounts

3. Bank One

• Joint venture between Mauritian and international shareholders
• Specializes in regional corporate banking, including Sub-Saharan Africa
• Offers strong compliance support for GBCs and investment firms

4. MauBank Ltd

• Offers both retail and international business banking services
• Competitive fee structure for small and medium-sized offshore companies
• Local expertise in structuring accounts for operational efficiency

Key Offshore Banking Features in Mauritius

• Multi-currency accounts (USD, EUR, GBP, etc.)
• Online banking with international wire transfer capabilities
• Strict compliance with international AML/CFT regulations
• No exchange controls, offering free repatriation of capital and profits

Due to strict international compliance standards, opening a business bank account in Mauritius requires full KYC documentation, a clear business model, and in many cases, in-person or video interviews.

In general, the best offshore bank in Mauritius depends on your company’s structure, investment goals, and required services. AfrAsia Bank and SBM are top-tier choices for global businesses seeking efficient offshore accounts with credibility and flexibility.

Entrepreneurs are advised to consult with licensed corporate service providers such as Offshore Company Services, who are familiar with Mauritius banking regulations and can assist in account setup and compliance.

=> Full Information: Offshore Banks in Mauritius: Global Banking and Financial Security