FSC licence renewal in Mauritius 2025/2026: Key deadlines, compliance steps and penalties

Each year, the Financial Services Commission (FSC) of Mauritius requires regulated companies to renew their licences. This annual process ensures ongoing compliance with local and international standards—an essential condition for maintaining legal operations. The renewal campaign for 2025/2026 is now officially open, with a deadline set for 1 July 2025. Entities that fail to meet this deadline risk sanctions or even suspension of their operations.

The renewal requirement applies to a broad range of entities, including Global Business Companies (GBCs), management firms, insurance providers, and FinTech operators. For executives and managers, preparing ahead of time is crucial to safeguard business continuity. StraFin Corporate Ltd, a cross-sector provider of international corporate, fiduciary, and fund administration services, offers further insight into this process.

Companies affected by the annual renewal

What category does your business fall into?

Global Business Companies (GBCs)

Global Business Companies (GBCs) comprise Mauritius’s largest regulated entity category. Structured for international operations, they are commonly used in asset management, holding structures, investment vehicles, and financial structuring. Annual renewal of their FSC licence is a legal obligation directly impacting their ability to operate and carry out financial transactions.

Authorised Companies

Although distinct from GBCs, Authorised Companies are subject to similar obligations. They are required to update their records with the FSC annually. This declaration allows the regulator to verify that the company remains operational and ensures continued supervisory oversight.

Management companies, Trustees and Fund administrators

Companies engaged in fund administration, management services, or other fiduciary activities must also renew their licences. This requirement upholds transparency and ensures continued regulatory compliance.

Insurance companies and Intermediaries

Insurance sector participants—including insurers, brokers, and agents—operate under the supervision of the FSC. Annual licence renewal is essential to maintain their legal authority to offer insurance products.

Financial and FinTech operators

Emerging sectors such as FinTech, blockchain, crypto-assets, trading platforms, and other financial technologies also fall under FSC oversight. Given the rapid evolution of the regulatory landscape, the renewal process allows the FSC to ensure these entities remain compliant with current standards.

The renewal procedure: Steps and modalities

The FSC has simplified the renewal process via its online platform, FSC One, which will be accessible from 2 June 2025. This secure portal centralises payment and document submission, making the procedure more efficient and transparent.

Key dates

The renewal must be completed no later than 1 July 2025. Any applications received after this date may result in penalties or automatic license suspension.

Payment methods

Payments are made through FSC One, using one of two primary options:

• Automatic Payment Instruction: the recommended method for companies managed by service providers.
• Account Deposit: mainly applicable to management companies, provided an Excel list is sent to fsclfinance@fscmauritius.org.

What if technical issues arise?

If you encounter difficulties using the platform, the FSC provides an alternative: payment can be made via bank transfer, accompanied by an email listing the affected entities. This measure is designed to prevent unnecessary delays and ensure continuity in the renewal process.

Assistance and support

A dedicated FSC call centre is available at +230 404 5606 to handle queries. The platform also includes a ticketing system that allows users to report issues and track the status of their support requests.

Consequences of non-renewal or delay

Failure to renew an FSC licence results in immediate suspension, halting all regulated activities. Such disruption can have serious consequences, including contract termination, reputational harm, and challenges in maintaining relationships with international partners.

Financial penalties may also apply, and repeated non-compliance can trigger regulatory investigations.

Why choose StraFin Corporate Ltd to manage the renewal?

Renewing an FSC licence can be complex, particularly for groups overseeing multiple entities. The process involves substantial administrative work, close coordination with the FSC, payment tracking, and strict deadline management.

StraFin Corporate Ltd offers a comprehensive, tailored support service that ensures:

• Timely monitoring of renewal deadlines;
• Complete administrative and documentation management;
• Direct coordination with the FSC to resolve any issues;
• Process optimisation to minimise business disruption.

Engaging a specialist significantly reduces the risk of errors and penalties, while helping maintain full regulatory compliance.

What are the regulatory outlooks for 2025/2026?

The FSC leverages the annual renewal process to enhance oversight of regulated entities. It serves to identify and remove inactive or non-compliant companies, update official records, and promote transparency across business operations.

With the growing impact of technologies such as blockchain, crypto-assets, and FinTech, the FSC is also evolving its regulatory approach. Companies should expect stricter scrutiny, particularly in areas related to risk management and compliance, and prepare accordingly.

Our tips for a successful FSC renewal

A proactive approach is key to a smooth and timely renewal. Recommended best practices include:

• Plan ahead: Avoid last-minute complications by starting preparations early
• Use FSC One promptly: Access the platform as soon as it opens to prevent delays
• Prepare documentation in advance: Organise required documents and entity lists ahead of time to streamline the process
• Contact the FSC early: Use the call centre or ticketing system at the first sign of difficulty
• Seek professional support: Consider expert assistance, especially when managing multiple or complex entities, to secure a seamless renewal

FSC licence renewal: An essential for business continuity in Mauritius

Renewing FSC licences for 2025/2026 is mandatory for all regulated businesses operating in Mauritius. Failure to comply can result in operational disruptions, sanctions, and financial penalties. While the launch of FSC One in June 2025 simplifies the process, careful attention and timely action remain crucial. For personalised guidance and end-to-end support, contact StraFin Corporate Ltd today.