BROKER-DEALER / VIRTUAL ASSET LICENCES AND OTHER FINANCIAL LICENCES, MAURITIUS

Premier Financial Services Limited (Premier) is an FSC licensed management and trust company operating from Mauritius. Premier has offices in Mauritius, Dubai and Seychelles and offers its services to high-net-worth families, private companies, multinationals & listed entities across the globe. We are reputed for our punctual and cost-effective services with highest ethical standards.

Our Mauritius office is a member of the INNA Group, an association of tax and accounting experts based worldwide in more than 50 countries and ranked 14th worldwide among associations and alliances. Our Seychelles office is a member of UHY, which is a network of independent accounting and consulting firms with offices in over 273 major business centres in 101 countries and is ranked 17th worldwide. Our Dubai office is licensed by the Dubai Multi Commodities Centre (DMCC) and is an approved Registered Agent of RAK ICC. Our Dubai Office is a member of ISFIN, which is an award-winning advisory firm that accelerates international business strategy which has a network of leading professional firms accredit- ed in 75 countries. We are ideally located in geographical terms to cover the EMEA region as a one-stop-shop Corporate Services Provider.

Mauritius offers several reputable financial licences. The Securities Act 2005 allows for Investment Dealer companies to be set up and licensed in Mauritius under three categories namely, Full Service Dealer (including or excluding underwriting), Broker and Discount Broker. The choice depends on activities to be carried out whether its to act as intermediary or as principal in the execution of securities transactions, underwrite or distribute securities, manage portfolios of clients and give advice. Investment Dealer licence in Mauritius is increasingly becoming popular for many reasons such as advantageous taxation regime, a flexible legal framework, cost effective a simple process and a reasonable time frame to obtain the licence.

Mauritius is among the first few countries that have introduced laws and regulations on virtual assets. The Virtual Assets and Initial Token Offering Services Act 2021 introduces the legal and regulatory framework for regulating Initial Token Offerings and Virtual Assets services providers and ensuring these activities are in line with AML/CFT norms recommended by the Financial Action Task Force (FATF).

This Act defines a Virtual Asset (“VA”) as a digital representation of value that may be digitally traded or transferred and may be used for payment or investment purposes; but does not include a digital presentation of fiat currencies, securities and other financial assets that fall under the purview of the Securities Act.

The Act sets out 5 classes of VASP licence which are as follows :

1. Class“M” - Virtual Asset Broker-Dealer
2. Class“O”- Virtual Asset Wallet Services
3. Class“R” - Virtual Asset Custodian
4. Class“I” - Virtual Assets Advisory Services
5. Class“S” - Virtual Asset Market Place

The above VASP licences are available for any professional in the virtual assets field to be regulated.

Premier has a dedicated team to look after the application process providing all templates, draft agreements, procedures manuals, AML, business planand oversees the whole process until approval. All post licensing services a real so provided such as accounting, taxation, compliance, regulatorymatters,etc.

OtherJurisdictions

We also offer financial licences (Securities Dealer Licence, Brokerage Licence, Payment Service Provider Licence, etc) in jurisdictions like Seychelles and Dubai.