Can a foreigner open a bank account in Mauritius?

Yes, foreigners can open a bank account in Mauritius. That's why lots of investors, expats, and offshore companies like it there. They have a good banking system and clear rules that help foreigners with their accounts, while still following international finance rules.

Types of Accounts Foreigners Can Open

• Personal Accounts: These are for expats, retirees, or rich people who want to take care of their money or live in Mauritius.
• Business Accounts: These are for foreign-owned businesses, mainly Global Business Companies (GBCs), investment firms, or main regional offices.
• International Accounts: Offered to non-resident clients who use Mauritius as a financial base for international business and investment purposes.

Requirements for Foreigners

While specific documents vary by bank and account type, the general requirements include:

• Valid passport and proof of identity
• Proof of address (utility bill, bank statement, etc.)
• Bank reference letter or professional introduction (for some institutions)
• Source of funds declaration or business activity overview
• For companies: Certificate of incorporation, business license, M&AA, and details of directors/shareholders

Due to strengthened compliance policies, banks now require full KYC documentation and sometimes video interviews. Applicants must demonstrate the legitimacy and economic rationale behind their account request.

Top Banks Serving Foreign Clients

• AfrAsia Bank – Known for offshore and private banking
• SBM Bank – Corporate and multi-currency accounts
• Bank One – Regional and investment-focused clients
• MauBank – Cost-effective solutions for smaller businesses

Remote Account Opening Options

Some banks may allow remote account opening through licensed corporate service providers, but this is subject to case-by-case compliance review. Usually, they do this with the help of local corporate service providers.

Mauritius is still a popular place to bank offshore because its economy is stable, it keeps your information private, and it's easy to do business there.

Working with an experienced corporate service provider like Offshore Company Services can help navigate bank requirements, ensure compliance, and increase the chances of successful account opening.

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