In Mauritius, a bank account can hinge on a single document.<\/p>\n
To succeed on the first try, you need to choose a bank that suits your profile (employee, retiree, entrepreneur, investor), and prepare an application that meets the requirements. KYC\/AML<\/em> (identity, address, source of funds) and anticipate the issues that most often hinder expatriates: proof of residence, tax self-certification (CRS), and, for some, FATCA. This guide explains the procedures, the relevant banks, and the pitfalls to avoid, in a practical way.<\/p>\n If you would like assistance with the setup (including the bank), you can also consult Expat Mauritius<\/a> and its practical resources.bom.mu<\/a>)<\/p>\n Before choosing an establishment, check that it is properly licensed. List of banks (banking license)<\/strong> is published by the Bank of Mauritius (BoM)<\/strong> via its \u201cList of Licensees\u201d page. (bom.mu<\/a>)<\/p>\n The BoM also publishes official lists in its periodic documents, for example a list \u201cas at February 28, 2025<\/strong>\u201din the Mauritius Statistical Bulletin<\/em>. (bom.mu<\/a>)<\/p>\n The Mauritian banking sector includes 22 registered banks<\/strong> (figure cited \u201cas of March 2024\u201d in an OECD report).rcemauritius.org<\/a>)<\/p>\n In practice, banks apply a strict compliance approach: the Bank of Mauritius (BoM) is the AML\/CFT supervisory authority for institutions under its jurisdiction and sets the framework for anti-money laundering and counter-terrorist financing requirements through dedicated guidelines.bom.mu<\/a>)<\/p>\n Beyond \u201creputation\u201d, a good choice depends above all on your use: collecting a local salary, paying daily, receiving international transfers, managing several currencies, or operating a business.<\/p>\n1) Understanding the banking system in Mauritius<\/h2>\n
Licensed banks: where to check the official list?<\/h3>\n
A dense (and very \u201ccompliant\u201d) banking sector<\/h3>\n
The most useful types of accounts for expatriates<\/h3>\n
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2) Choosing a bank in Mauritius: truly important criteria<\/h2>\n
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Comparative table (reference points): banks and account opening procedures<\/h3>\n