{"id":602,"date":"2022-11-21T06:23:44","date_gmt":"2022-11-21T06:23:44","guid":{"rendered":"https:\/\/jtmediahub.com\/news\/?p=602"},"modified":"2022-11-21T06:25:41","modified_gmt":"2022-11-21T06:25:41","slug":"corporate-bank-account-opening-in-mauritius","status":"publish","type":"post","link":"https:\/\/jtmediahub.com\/news\/2022\/11\/21\/corporate-bank-account-opening-in-mauritius\/","title":{"rendered":"Corporate Bank Account Opening in Mauritius"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"602\" class=\"elementor elementor-602\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6676ec76 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6676ec76\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-193406b1\" data-id=\"193406b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-37bda7ae elementor-widget elementor-widget-image\" data-id=\"37bda7ae\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.1 - 17-01-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"240\" src=\"https:\/\/jtmediahub.com\/news\/wp-content\/uploads\/sites\/2\/2022\/11\/bank-acc-L-1024x240.jpg\" class=\"attachment-large size-large wp-image-603\" alt=\"\" srcset=\"https:\/\/jtmediahub.com\/news\/wp-content\/uploads\/sites\/2\/2022\/11\/bank-acc-L-1024x240.jpg 1024w, https:\/\/jtmediahub.com\/news\/wp-content\/uploads\/sites\/2\/2022\/11\/bank-acc-L-300x70.jpg 300w, https:\/\/jtmediahub.com\/news\/wp-content\/uploads\/sites\/2\/2022\/11\/bank-acc-L-768x180.jpg 768w, https:\/\/jtmediahub.com\/news\/wp-content\/uploads\/sites\/2\/2022\/11\/bank-acc-L-1536x360.jpg 1536w, https:\/\/jtmediahub.com\/news\/wp-content\/uploads\/sites\/2\/2022\/11\/bank-acc-L.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-77645c1e elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"77645c1e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3f36fa7\" data-id=\"3f36fa7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5120bd6a elementor-view-framed elementor-shape-square elementor-widget elementor-widget-icon\" data-id=\"5120bd6a\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-newspaper\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d233ed4 elementor-widget elementor-widget-heading\" data-id=\"1d233ed4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.1 - 17-01-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Corporate Bank Account Opening in Mauritius<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64775388 elementor-widget elementor-widget-text-editor\" data-id=\"64775388\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.1 - 17-01-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><strong>1. Can a foreign company open a Bank Account in Mauritius?<\/strong><\/p><p>Yes, a company not incorporated in Mauritius can open a bank account in Mauritius on the condition that the bank is satisfied with the due diligence level.<\/p><p><strong>2. Which banks are present in Mauritius?<\/strong><\/p><p>Local and International banks in Mauritius are diversified financial service providers and offer an array of products and services for Personal, Private, SME, Corporation and Institutional banking:<\/p><p>\u2022 The Mauritius Commercial Bank Limited<br \/>\u2022 SBM Bank (Mauritius) Limited<br \/>\u2022 Absa Bank (Mauritius) Limited<br \/>\u2022 AfrAsia Bank Limited<br \/>\u2022 ABC Banking Corporation Ltd<br \/>\u2022 Bank One Limited<br \/>\u2022 HSBC Bank (Mauritius) Limited<br \/>\u2022 Standard Bank (Mauritius) Limited<br \/>\u2022 Standard Chartered Bank (Mauritius)<\/p><p><strong>3. What are the benefits for opening a bank account in Mauritius?<\/strong><\/p><p>Offshore bank accounts are known for asset protection, wealth management, ease of transactions and privacy. Having a bank account in Mauritius offers a plethora of benefits as follows:<\/p><p>a. No foreign exchange control restrictions;<br \/>b. No need to be physically present for the bank account to be opened;<br \/>c. Availability of a range of multi-currency accounts (USD, EUR, CNY etc.\u2026);<br \/>d. Free, secured and fully transactional Internet Banking facility;<br \/>e. Attractive FX deals with competitive rate for spot, forward and swaps in all major currencies;<br \/>f. Advantageous and competitive account maintenance;<br \/>g. Pay or receive funds seamlessly and securely through the International Banking solutions (Foreign Exchange, International Payments and Letters of Credit).<\/p><p><strong>4. What documents are needed to open a bank account?<\/strong><\/p><p>The generic list of information to be requested is as follows:<\/p><p>a. Certified true copy (\u2018CTC\u2019) of certificate of incorporation;<br \/>b. CTC of license (if applicable);<br \/>c. CTC of Memorandum &amp; Articles of Association;<br \/>d. CTC of certificate of good standing (if company has been incorporated for more than 6 months);<br \/>e. CTC of registers of directors \/ shareholders \/ secretary;<br \/>f. CTC of latest financial statements (if available);<br \/>g. CTC of business plan (template questionnaire attached); and<br \/>h. CTC KYC documents on the shareholders and directors.<br \/>Additional documents on Shareholders and Directors:<br \/>a. CTC of passport or ID;<br \/>b. CTC of proof of address dated less than 3 months (P.O Box address not accepted);<br \/>c. Updated CV;<br \/>d. CTC of bank reference letter; and<br \/>e. CTC of source of funds document (e.g.: bank statements for last 6 months, payslips, etc.)<\/p><p><strong>5. Timeframe for the bank account opening<\/strong><\/p><p>The timeframe for the opening of a corporate bank account is between 2 \u2013 4 weeks.<\/p><p><strong>6. The process for bank account opening<\/strong><\/p><p>STEP 1: Upon receipt of the CTC documents as listed above, we will proceed with the on-boarding process.<br \/>STEP 2: Our invoice will be issued and sent to you for payment.<br \/>STEP 3: Upon receipt of payment, we will seek a pre-approval from the bank.<br \/>STEP 4: Upon receipt of the pre-approval, the bank application forms will be pre-filled and sent to you for client\u2019s signature.<br \/>STEP 5: Once bank confirms that the execution of the bank forms are in order, client needs to courier the originals to our office in Mauritius.<br \/>STEP 6: Upon receipt of the original bank forms, the bank processes and releases the bank account details (Account number &amp; IBAN).<\/p><p>For more information, we invite you to contact us by email at <a href=\"mailto:bd@juristax.com\">business@juristax.com<\/a> or call us on + 230 465 55 26.<\/p><p><span lang=\"EN-US\" style=\"color: black; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f18f5a7 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5f18f5a7\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.1 - 17-01-2023 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#2c2c2c;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:\"\";border-bottom:0;flex-grow:1;border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Corporate Bank Account Opening in Mauritius 1. Can a foreign company open a Bank Account in Mauritius? Yes, a company not incorporated in Mauritius can open a bank account in Mauritius on the condition that the bank is satisfied with the due diligence level. 2. Which banks are present in Mauritius? Local and International banks &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/jtmediahub.com\/news\/2022\/11\/21\/corporate-bank-account-opening-in-mauritius\/\"> <span class=\"screen-reader-text\">Corporate Bank Account Opening in Mauritius<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-602","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/posts\/602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/comments?post=602"}],"version-history":[{"count":3,"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/posts\/602\/revisions"}],"predecessor-version":[{"id":606,"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/posts\/602\/revisions\/606"}],"wp:attachment":[{"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/media?parent=602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/categories?post=602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jtmediahub.com\/news\/wp-json\/wp\/v2\/tags?post=602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}