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Best bank to use in Mauritius

Last activity 07 February 2021 by Ceresiet

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thatlonggirl

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

1. MCB 2.SBM

Ceresiet

also read this thread Megan:

https://www.expat.com/forum/viewtopic.php?id=743991

Ceresiet

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)
https://www.bom.mu/financial-stability/ … rticipants

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


The 3 banks that you’ll 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
Dölberg 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 Ltée
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 :     
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

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GBP 1
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JPY 100
36.5748
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USD 1
38.9319
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