Best bank to use in Mauritius

Post new topic

thatlonggirl New member

Member since 31 January 2021

thatlonggirlNew member06 February 2021 14:43:41

I come from Johannesburg, South Africa and currently bank with FNB (Rand Merchant Bank).
I'm starting a business in Mauritius.
I want to be able to trade locally and will be paying the 15% Mauritian tax.
This is how I intend on gaining my residential/occupational permit.

I am looking at the West Coast of Mauritius (regarding location).
I only walk, so I will definitely have to find a place somewhere close to a city or shopping centre.

Anyone have any recommendations for which bank would be best suited for my situation?

Many thanks everyone!

weekday New member

Member since 23 January 2011

weekdayNew member07 February 2021 05:30:03

1. MCB 2.SBM

Ceresiet Serial expat

Member since 16 February 2020

CeresietSerial expat07 February 2021 11:44:08

373

also read this thread Megan:

/forum/viewtopic.php?id=743991

Ceresiet Serial expat

Member since 16 February 2020

CeresietSerial expat07 February 2021 11:45:48

373

1). MCB is probably the bank that currently has the most clients and branches,
2). SBM being the second biggest.

FNB / RMB are not in Mauritius, Megan - does someone know whether they maybe have a co-operation agreement with one of the other banks ?

the list below is from the official website of bank of Mauritius (the national banking regulator)
鈥� rticipants

Below the list of banks, is a list of the 9 registered Leasing companies for vehicles.

The 3 banks that you鈥檒l recognise from Botswana / South Africa are Standard, Investec, and ABSA (formerly called Barclays)

BANKS

Bank of Mauritius
ABC Banking Corporation Ltd
Absa Bank (Mauritius) Limited
AfrAsia Bank Limited
Bank of Baroda
Bank One Limited
BanyanTree Bank Limited (Under Administration)
BCP Bank (Mauritius) Ltd
Century Banking Corporation Ltd
Habib Bank Limited
Investec Bank (Mauritius) Ltd
MauBank Ltd
SBI (Mauritius) Limited
Standard Bank (Mauritius) Limited
Standard Chartered Bank (Mauritius) Ltd
SBM Bank (Mauritius) Ltd
The Hongkong and Shanghai Banking Corporation Limited
The Mauritius Commercial Bank Ltd

LEASING COMPANIES

Cim Finance Ltd
D枚lberg Asset Finance Limited (Under Receivership)
Expert Leasing Ltd
La Prudence Leasing Finance Co. Ltd
Mauritian Eagle Leasing Company Limited
MCB Leasing Limited
SICOM Financial Services Ltd
SPICE Finance Ltd
Tshusho Capital (Mauritius) Limited

INSURANCE COMPANIES

Afi Life Insurance Ltd
Indian Ocean General Assurance Co Ltd
Island Life Assurance Co Ltd
La Prudence Mauricienne Assurances Lt茅e
LAMCO International Insurance Ltd
MUA Life Insurance
National Insurance Co. Ltd
State Insurance Company of Mauritius Ltd (SICOM)
Swan Life Ltd

MICROFINANCE COMPANIES

MCB Microfinance Ltd

OTHER PARTICIPANTS

Development Bank of Mauritius Ltd
Employees Welfare Fund
Mauritius Housing Company Ltd
National Housing Development Co Ltd
Rogers Capital Finance Ltd
The Mauritius Civil Service Mutual Aid Association Ltd

UTILITY BODIES

Central Electricity Board
Central Water Authority
Mauritius Telecom Ltd
Wastewater Management Authority

Available as :聽聽聽
Key Repo Rate
1.85 %
23 September 2020

Yield on 91-Day BOM/GMTB
0.18 %
29 January 2021

RUPEE EXCHANGE RATE

Consolidated Indicative Rates
29 January 2021
Buy (Notes)
Sell

EUR 1
46.8481
48.5614

GBP 1
53.0334
54.9960

JPY 100
36.5748
38.6203

USD 1
38.9319
40.0600

Articles to help you in your expat project in Mauritius

Banking services in Mauritius
Opening a bank account in Mauritius can help you in many ways, including receiving your salary, paying your ...
Driver's licence in Mauritius
Mauritius has a well-developed public transport network, although the frequency and working hours might not work ...
Emergency numbers in Mauritius
The list below contains emergency numbers in Mauritius, should you be in need for assistance at any ...
The health system in Mauritius
Health is a major issue when moving abroad. Are expats eligible for the Mauritian health system? What are the ...
Recommended doctors in Mauritius
You might be needing medical assistance during your stay in Mauritius. 禁漫天堂 provides you with a list of ...
Study in Mauritius
Mauritius is becoming a higher education hub for the region as it offers a great deal of options. Most Mauritian ...
Buying a property in Mauritius
The Economic Development Board reminds us that any non-citizen, whether an individual or an investor, is allowed ...
Education in Mauritius
The Mauritian school system is based on the Anglo-Saxon model and is divided, as is often the case elsewhere, into ...