Quick Answer
Effective 1 July 2026, the Financial Services Commission (FSC) of Mauritius brought into force the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2026. The amended schedule follows the FSC’s review of fees after consultations linked to the National Budget 2025/26, and it raises annual licence fees across several regulated categories, including GBCs, Authorised Companies, management companies, VASPs and funds. Circular CL20260107 also extends the annual renewal deadline to 30 September 2026.
Why the FSC Revised Its Fee Schedule in 2026
The gazetting of the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2026 on 30 June 2026 marks an update to Mauritius’ licensing environment. Coming into force on 1 July 2026, the new rules replace the previous fee schedule under the 2008 framework.
This revision does not alter core statutory obligations. Instead, the revised schedule reflects the wider scope of FSC supervision, covering a growing range of regulated activities, from corporate service providers and funds to VASPs and family offices. As cross-border financial activities grow in complexity, supervisory expectations and operational oversight continue to rise. Regulated firms must ensure their operational and licensing budgets align with these updated requirements for the 2026/27 financial year.
Breakdown of Key Licence Adjustments
The modifications to the First Schedule impact almost every licensed category operating under FSC jurisdiction. Corporate treasuries and financial controllers should integrate these specific revisions into their ongoing budget planning:
| Entity / Licence Type | Previous Baseline | Revised Annual Fee (USD) | Relevant Impact / Notes |
| Global Business Company (GBC) | Standard baseline fee | $2,600 | Annual fee revised under the new schedule; requires client fee pass-through review. |
| Authorised Company (AC) | Standard baseline fee | $1,400 | Excludes Registrar of Companies annual registration costs. |
| Management Licence | Fixed fee $5,000 / Cap $25,000 | $6,800 (Max aggregate: $26,800) | Variable fee tiers based on administered GBCs remain operational. |
| VASP & Fintech | Base supervisory fee | Updated per 2026 schedule | Applies across Wallet, Custody, Advisory, and Marketplace licences. |
| Investment Funds & VCCs | Baseline CIS rate | Adjusted schedule rate | Sub-funds, cells, and individual share classes subject to revised structures. |
The updated schedule also covers collective investment schemes (CIS), single and multiple family offices, insurance intermediaries, credit rating agencies, and payment intermediary services (PIS).
Practical Payment Execution & Deadlines
To support a smooth transition and prevent unnecessary operational disruptions, Circular CL20260107 sets three key dates:
- 30 June 2026: The amended rules were gazetted.
- 1 July 2026: The new fee schedule became effective.
- 30 September 2026: The exceptional deadline for annual fee payment without late penalties.
Primary Settlement via FSC One Platform
Licensees must execute payments primarily through the digital FSC One Platform using Automatic Payment Instructions, with deposit-account payments available to management companies that hold direct deposits with the FSC. The platform categorises renewals across five primary modules:
- Management Company Fees
- Global Business & Authorised Company Fees
- Global Business – Variable Fees
- Domestic Fees & Domestic Variable Fees
- Sub-Funds, Cells, and Share Class Fees
Contingency Protocol for Technical Delays
If FSC One cannot be used prior to 30 September 2026 due to technical disruptions, licensees may use the FSC’s alternative bank transfer procedure (direct transfer to designated FSC accounts at SBM Bank Mauritius Ltd in USD or MUR) and must send the relevant Excel reconciliation sheet alongside payment proof directly to [email protected].
Managing Regulatory Risk & Compliance Best Practices
Failure to comply with renewal timelines reactivates standard late payment regimes, carrying surcharges and potential licence risk. Regulated businesses operating within or through Mauritius should take three immediate steps:
- Re-evaluate Capital Architecture: Adjust corporate budget allocations to absorb updated regulatory overheads and review client service agreements regarding pass-through regulatory costs.
- Review Operational Substance: Higher supervisory fees should be read in the wider context of rising compliance expectations across international financial centres, requiring genuine operational substance and qualified local governance.
- Verify Platform Credentials Early: Avoid end-of-quarter portal congestion by testing platform access, authorization levels, and fund availability well ahead of 30 September.
Strategic Support with Blue Azurite Limited
Navigating regulatory updates requires experienced operational coordination. Operating under FSC Management Licence MC/19/C1/060 from Port Louis, Blue Azurite Limited provides executive corporate structuring, licensing assistance, and ongoing compliance support across Global Business Companies, Authorised Companies, VCC funds, and specialized VASP entities.
For regulated entities that need support with annual renewals, fee planning, and FSC compliance under the updated framework, contact the specialists at Blue Azurite Limited.
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