Opening A Bank Account In Mauritius – Requirements, Rules, Remote & Face To Face Banking

[Mr Magoo]

indeed, ABC is decent but certainly not great in my experience.

 

[MrBaggins]

Today I visited two banks on the island:

1. MCB
   They don't open accounts unless you‌ can maintain a 300 000 USD cash balance in your account.
   If you don't have‍ 300k USD to park in cash, you need to have a residency visa or work⁠ permit.
   
   
   
2. HSBC
   They don't open accounts for non-resident foreigners, period. You need a work permit⁤ or residency.
   

I'm going to speak with more banks tomorrow. Hopefully, they won't disappoint...

Also, can anybody recommend a "Management Company" on the island that can be used as an⁣ "Introducer" to open an account with ABC Bank? What's the deal with needing to go⁢ through a third party anyway?

 

[MrBaggins]

Do you have to pay tax on money transferred into a Mauritius account if you're‌ not living there? (non-resident?). The red block in the screenshot make it sound like you‍ have to pay tax on any funds transferred into Mauritius, even if you don't live⁠ there?

 

[Onassis]

Lol, who would want to keep 300k USD‌ in Mauritius. I assume that this is just a way of them telling you to‍ f**k off.

 

[Marie Manila]

I think this sentence refers to the withholding tax:⁤
https://taxsummaries.pwc.com/mauritius/corporate/withholding-taxes

 

[BlackJack]

Let's say i'm a digital nomad working there, but my income‍ came from abroad (which is a requirement to work from Mariutius), i'm free of tax?⁠
Even after 183th day spent on island (via new Premium Visa program) ?