Welcome to ExpatsMaurice.com, your complete guide to expatriation in Mauritius. A crucial element for any expatriate is to understand the local banking system. Mauritius offers a modern, secure and friendly banking environment, tailored to the needs of expatriates and international investors.
A modern, secure banking system
Mauritius’ banking system is renowned for its stability and transparency. The country is home to several local and international banks offering a full range of banking services, from current and savings accounts to wealth management services.
Opening a bank account in Mauritius
Opening a bank account in Mauritius is a relatively straightforward procedure for expatriates. The main banks offer dedicated services for non-residents, including the opening of foreign currency accounts. To open an account, you will generally need the following documents:
Valid passport
Proof of residence (utility bill or rental agreement)
Bank reference letter
Banking services for expatriates
Mauritian banks offer a wide range of banking services for expatriates. These include current and savings accounts, debit and credit cards, loan and home finance facilities, as well as powerful online banking services to manage your finances remotely.
Online and mobile banking
Most banks in Mauritius offer advanced online and mobile banking services. These platforms enable you to manage your accounts, make money transfers, pay bills and track your transactions in real time, guaranteeing convenient and secure financial management.
Investment and wealth management
For expatriates interested in investing in Mauritius, local banks offer wealth management services, including investment advice, financial planning and portfolio management. International banks present on the island also offer comprehensive investment solutions tailored to the needs of wealthy expatriates.
International money transfers
International money transfers are facilitated by Mauritian banks, which offer competitive exchange rates and low transfer fees. Expatriates can easily send and receive funds to and from abroad thanks to fast transfer services.
Tax advantages
The Mauritian banking system also benefits from tax advantages. Interest income generated by bank accounts in Mauritius is not subject to local income tax, which is particularly advantageous for expatriates.
Simplify your expatriation with ExpatsMaurice.com
At ExpatsMaurice.com, we are dedicated to providing you with all the information you need for a successful expatriation. Our services include property sales and rentals, obtaining residency permits, financing through banking partners, company formation, tax advice, and advice on the banking system in Mauritius. We’re here to help you every step of the way.
Contact us
To find out more about banking in Mauritius and how we can help you manage your finances, contact us today.
