Offshore bank account in Mauritius

[zeeoffshore]

Do you recommend Mauritius for opening an offshore bank account? If so, which bank do you recommend?

 

[CaptK]

BankOne are good have used them for 3 years no problem.

 

[Silvio]

The best ones are probably MCB and AfrAsia, although you need an intermediary to refer you to the bank

 

[Silvio]

I would add in general and in Mauritius in particular, you should look for a banks that also retail customers use - I.E. banks that the LOCALS use. MCB and AfrAsia are banks that locals use. I think Bank ONE is also one of these.
These banks tend to be of lower risk because they have low risk customers (and not only shady offshore corps) and if there are problems the government will bail them out.
Banks that are strictly offshore and no local ever uses (like I *THINK* ABC for example but not fully sure) are higher risk because if it fails the govt won't give a f**k about it and will just let it fail in many cases. Same goes for Belize or many other jurisdictions.
How to tell if a bank is used by locals? Just look if the banks has ATMS on the Island 😉 The more ATMs the more popular the bank is

 

[Martin Everson]

Afrasia is the real deal thu&¤#

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Caffre]

It took over 6 months but finally opened a business account with ABC. You do need an introducer (I ended up using Sovereign). I can't fault ABC so far. If anything they are sticklers for precision.