The Financial Services Commission (FSC) issued an FAQ on Moneylending Licence on 8 February 2023 with a view to addressing pertinent queries on this type of activity.

The FAQ highlights the following conditions under which a Global Business Company (‘GBC’) should apply for a Moneylending Licence:

1. In the instance where the GBC is engaged or intends to engage in the business of moneylending in Mauritius, it should apply for a Moneylending Licence;

2. In the instance where the GBC is solely engaged or intends to engage in the business of moneylending outside Mauritius, a Moneylending Licence would not be required.

With regard to a GBC lending money to another GBC, the transaction shall be deemed as conducting business outside Mauritius.

The FAQ further provides for the following:



Consult the official communique here for more information on the application process.