Financial Services Unit
Mauritius has crossed significant milestones to emerge as an acclaimed jurisdiction of predictability and certainty for conducting business activities. The financial services sector is today one of the most vibrant and performing sectors of our economy contributing 13.4% to the GDP, accounting for a growth rate of 3.9%, and directly employing more than 19,000 professionals.
The Mauritius IFC boasts a legacy of over three decades in facilitating cross-border investments and financing, underpinned by its state-of-the-art infrastructure, innovative and robust legal framework, transparent, well-regulated, and business-friendly and environment.
Over the years, the Mauritius IFC has diversified its core offerings and introduced a number of new products. Our legislative framework has been reviewed and new innovative financial products have been introduced, including the Variable Capital Company structure, five Virtual Asset Service Provider licences under the Virtual Asset and Initial Token Offering Services Act 2021, amongst others, to adapt to the changing times and to encourage more Fintech savvy investors to be part of the Mauritius jurisdiction.
As an internationally recognised and credible financial centre, Mauritius hosts a diverse range of financial institutions including international banks, legal firms, corporate service providers, investment funds and private equity funds, amongst others.
Beyond serving as a sophisticated platform for cross-border investment, the Mauritius IFC is strategically positioned to attract investment and drive prosperity across Africa. By exploring new competitive business avenues and a wide array of investment opportunities, the jurisdiction provides global investors with the confidence to view Africa as a viable investment destination.
Strategy Report
In April 2025, the Ministry came up with a strategy Report 2025 -2030 “Rethinking the future of the financial services industry 2025-2030" following which a report was launched in July 2025. The Report preconised that the growth of the sector relies on 5 main pillars, namely:
(i) Increasing the Ease of Doing Business
(ii) Diversifying and Modernising Product offerings;
(iii) Enhancing visibility of the Mauritius IFC through promotion and branding
(iv) Diversifying our target markets
(v) Addressing skill shortages
Furthermore, the Ministry has set bold ambitions for 2030 as follows:
- To increase the contribution of the financial services sector from to USD 2.5 Billion;
- To increase the net growth of the sector to 5.2% ; and
- To be ranked at 45th position on the Global Financial Centre Index
