A payment system is Internet platform that allows performing financial operations. You can use it to make payments anywhere in the world and to receive payments from any country. Besides, you can add a pay card to your account with a payment system. Not only private individuals but also corporate entities can set up accounts with payment systems. Your company can use it to pay business bills, invoices as well as salaries. We invite you to consider the opportunity of opening an account with a reliable payment system in Mauritius. Both personal and corporate accounts can be opened remotely.
Mauritius: a world-renown financial center
The island of Mauritius is located in the southwestern part of the Indian Ocean below the equator 1,859 kilometers away from the shores of East Africa. The country has been a successful financial and business center for years. It has made an impressive number of bilateral tax treaties with other countries and it can serve as a highly efficient platform for your business operations. Mauritius is a well-regulated country and this fact attracts foreign investors. The country has a stable political system, an independent judiciary, and well-thought-out corporate legislation.
Mauritius humbly complies with all the OECD regulations concerning the exchange of fiscal information. It does not have any CRS or FATCA-related problems. Opening an account with a payment system located in the country would be a sound and forward-looking decision.
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Why would you need an account with a Mauritius payment system?
The payment system that we are advertising here operates in a legal framework as it holds two licenses from the Mauritius Financial Service Committee:
- It is licensed to provide intermediary financial services to clients, which allows the system to offer complex payment solutions.
- It is licensed to perform business operations all over the globe.
Companies, businesspeople, and freelancers who sell their products and services remotely via the Internet would benefit greatly from setting up an account with the payment system because they could optimize their payment procedures. Your location or the location of your business activities do not matter! In some cases, an account with a payment system can replace an account with a traditional bank. We are promoting a global multicurrency payment platform that has a registered trademark. The Mauritius payment system would be optimal for companies and individuals residing in Asia, Oriental countries, Africa, and Eastern Europe.
The payment system employs modern client identification and risk assessment technologies. It specializes in transboundary money transfers and its services are aimed at corporate clients who have business divisions in Central Asia, Middle East, Africa, and Europe.
The online payment platform provides services of the top quality to clients from most parts of the world.
Advantages of having an account with the Mauritius payment system:
- Flexibility and use of modern technologies to confirm payments, make international money transfers, and perform other financial operations;
- More affordable tariffs in comparison to banks;
- Individual routes for money flows;
- Individual service and round-the-clock client support;
- High security standards and efficient protection of clients’ personal information;
- Opportunities to make SWIFT payments;
- Simple and secure payment procedures and many other things.
The clients’ money is kept with highly secure financial institutions and you can withdraw money from your account at any time of the day. The platform uses up-to-date technologies to guard the accounts from unauthorized access. Coding, multi-level authentication, and constant monitoring will make your account perfectly safe.
How can you open an account with the Mauritius payment system?
Setting up an account with the payment system in Mauritius takes little time and it can be done remotely.
Documents required for opening a corporate account with the payment system:
- A full set of corporate documents;
- A Certificate of Good Standing;
- Personal documents of the company owners and officers.
Please note that the ultimate list of application documents will depend on the jurisdiction where your company is registered and its corporate structure. The Compliance department is going to scrutinize your application documents. If they are satisfied, they will approve your application and you can gain access to your account within 24 hours. Depending on the number of transactions and the character of your business operations, you may be eligible for customized tariffs.
A wide network of correspondents and a ceaseless growth of the number of destinations allows the payment system to satisfy the most demanding customers. In addition to fiat currencies, you can open an account for digital currencies too and manage it on your computer. The system provides services both to corporate and to individual clients.
Please note that the Mauritius payment system does not provide services to companies engaged in the following business areas:
- Gambling and casinos;
- Adult business;
- Armor and ammunition trade and manufacture.
Besides, the system will deny services to companies and individuals who are sanctioned by the EU and/ or the USA.
The tariffs:
| Service | EUR |
| Monthly maintenance fee* | 250 |
| Fee for opening an account on the day of application | 5,000 |
| Audit fee | 50 |
| Digital statement fee (1 account) | 30 |
| Paper statement fee (1 account) | 200 |
Commissions:
| Commission type | EUR |
| Intermagma fee | 2 |
| Incoming payment commission | 2 |
| Outgoing payment commission** | 0.7% |
| Commission for a transfer when the banking day is over | 300 |
| Payment details change commission | 60 |
| Payment cancellation commission | 150 |
| Investigation commission | 200 |
Additional services:
| Forex | Individual |
| Mailing services | Individual |
| Change of account details | 750 EUR |
| Additional document inspection | Individual |
| Custody fee | Individual |
* Flat payment for a multicurrency account even if it has not been used for the full month.
** Transfers are normally made until 4:30 p.m. Mauritius time (GMT +04:00, DST+0).
Would you like to open an account with the payment system in Mauritius? If your answer is affirmative, please contact our experts in any way that you prefer.
