How Ylexium advises
Choosing the right licence starts with the business model.
Mauritius offers a broad non-bank financial services framework supervised by the Financial Services Commission (FSC). The correct licence depends on the activity: whether the business executes transactions, gives advice, manages portfolios, processes payments, deals with virtual assets, manages a fund, safeguards assets or performs another regulated financial service.
Ylexium helps clients translate the commercial model into a regulatory structure that can be explained, documented and implemented.
What Ylexium advises on
Four pillars of a Mauritius licensing project.
Regulatory perimeter
Determine which activity is regulated, which licence is appropriate and what falls outside scope.
Licence application
Develop the business plan, operating model, policies, financial projections and supporting application pack.
Governance & substance
Design local management, key officers, board oversight, staffing, outsourcing and decision-making.
Regulatory readiness
Prepare for FSC questions, bank / vendor due diligence, AML/CFT expectations and post-licensing obligations.
Licence categories
Every Mauritius route Ylexium scopes.
Investment Dealer
Brokerage, dealing and execution models.
Investment Adviser
Advisory, portfolio management and corporate finance.
Virtual Assets / VAITOS
Class M, O, R, I and S.
Payments / PIS
Cross-border payment intermediary structures.
GBC & Authorised Company
Mauritius corporate structures and substance.
Funds & VCC
CIS, closed-end funds and VCC structures.
Compliance & AML
AML/CFT, policies, remediation and regulatory readiness.
Other FSC Licences
Investment banking, treasury, family office and more.
A visual on scope
What the regulator needs to understand
Every Mauritius application, regardless of licence, is assessed against the same underlying questions. Ylexium builds the application pack to answer each one directly.
- Who owns and controls the business, and the provenance of capital.
- Exactly what products and services will be offered and to which client types.
- Where the clients are located and which jurisdictions are targeted or excluded.
- How money, securities or virtual assets move through the business.
- Which platforms, banks, liquidity providers, custodians, processors and outsourced providers are used.
- Who is responsible for governance, compliance, AML/CFT, risk and day-to-day operations.
- How client assets/funds are protected and how conflicts, complaints, cybersecurity and business continuity are managed.
Request a Regulatory Assessment
Tell us what the business will do. Ylexium will map it to the correct Mauritius licence and structure.