Quick Answer: What do I need to open a bank account in Mauritius?

To open a private bank account in Mauritius, a foreigner must secure a minimum deposit of USD 200,000. Subsequently, you will have to maintain a minimum balance at the same level in order to be able to make payments and use your prepaid cards.

Can I open a bank account in Mauritius?

Opening a bank account in Mauritius attracts many European residents. Indeed, it is still possible to open a bank account remotely in this country without having to go there.

Can I open a bank account in Mauritius from South Africa?

Yes… opening an international or offshore bank account in Mauritius can be complex.

What things are required to open a bank account?

Ensuring a Smooth Process

  • Government-issued identification. Almost every bank requires you to present a valid government-issued photo ID when opening a checking account. …
  • Social Security card or individual taxpayer identification number. …
  • Proof of address. …
  • Student accounts. …
  • Joint accounts. …
  • Power of attorney.
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Which bank is best in Mauritius?


For the seventh consecutive year, MCB (https://www.MCB.mu/en/) has won the title of Best Bank in Mauritius awarded by Euromoney magazine . The “Awards for Excellence” are the prizes that are valued by important banks and bankers.

Can foreigners open a bank account in Mauritius?

The Mauritius bank does not impose restrictions on the opening of private accounts by foreigners. The main condition is that clients must provide comprehensive tax information about themselves.

Is it safe to bank in Mauritius?

Mauritius has got a safe banking environment for local and foreign investors.

How much money do you need to immigrate to Mauritius?

In line with new government measures introduced, the minimum investment required to acquire an occupation permit (OP) as an investor, and live in Mauritius as a non-citizen, has been halved to $50,000 (R867,000), from $100,000 (R1. 7 million).

Is Mauritius better than South Africa?

Mauritius ranks 45th out of 137 countries worldwide, maintaining the same place as last year while slightly improving its overall score. South Africa slipped dramatically to number 61, down 14 positions from last year’s report.

Which offshore bank is the best?

In this article, we’ll explore some of the best offshore banking countries – and what they’re best at.

  • Best Country for Tax Benefits – Cayman Islands. …
  • Best Country for the Wealthy – Singapore. …
  • Best Country for Asset Protection – Switzerland. …
  • Best Country for Companies – Nevis. …
  • Best Country for High Interest Rates – Belize.


How much money do you need to open a bank account?

“Some accounts don’t require you to make a deposit right away, but others require $25 to $100.” Some accounts don’t require you to make a deposit right away, but others ask that you have $25 to $100 on hand to open one.

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Can you open a bank account without going to the bank?

There’s no need to visit a branch to open a bank account anymore. You can open a bank account, deposit money and set up automatic payments all from the comfort of your home. Once you’ve applied, just wait for the card to be sent to you in the mail, activate the account and you’re good to go.

What is the easiest bank to open a checking account?

The 5 best second chance bank accounts

  1. Chime. …
  2. Peoples Bank Cash Solutions Second Chance Checking. …
  3. Radius Essential Checking. …
  4. BBVA Easy Checking. …
  5. Woodforest National Bank Second Chance Checking.


What banks do millionaires use?

These ten checking accounts are designed with the wealthy in mind and are intended for banking clients who desire convenient access to cash with premium benefits.

  • Bank of America Private Bank. …
  • Citigold Private Client. …
  • Union Bank Private Advantage Checking Account. …
  • HSBC Premier Checking. …
  • Morgan Stanley Active Assets Account.

What is the best country to hide money?

5 Best Countries to Open Offshore Bank Accounts

  • Cayman Islands. The Cayman Islands have a reputation for being a tax haven for all people across the globe. …
  • Switzerland. Switzerland banking entities actually offer ironclad confidentiality services to their clients. …
  • Singapore. The Singaporean financial sector offers great investment protection for your assets. …
  • Belize.

Which is best bank for fixed deposit?

Fixed Deposit Interest Rates offered by Large Banks

Bank Name FD Interest Rates Deposit Tenure
HDFC 5.5% 5 years 1 day up to 10 years
SBI 5.4% 5 years and up to 10 years
Kotak Mahindra 5.3% 5 years and up to 10 years
Bank of Baroda 5.25% Above 5 years and up to 10 years
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