🇲🇺 Opening a Bank Account in Mauritius
Honest assessment of business banking for foreign founders in Mauritius.
Mauritius has a mature banking sector with both local and international banks. The main banks — State Bank of Mauritius (SBM), Mauritius Commercial Bank (MCB), AfrAsia Bank, and ABSA Mauritius — are experienced in handling GBC accounts. Account opening for a GBC typically requires the management company to coordinate with the bank and provide comprehensive KYC documentation. Video verification is increasingly accepted in place of physical presence. Turnaround is typically 2–4 weeks for a well-documented application. Domestic companies generally open accounts faster with less documentation.
Tips for Success
- Have all company formation documents ready before applying — trade licence, articles of association, certificate of incorporation.
- Prepare a clear business plan or description of your business activities, even if the bank doesn't explicitly ask for one.
- Consider digital/neo-banks as your first account — they typically have faster onboarding for new companies.
- Apply to multiple banks simultaneously rather than sequentially — rejection at one doesn't affect others.
This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.