Key takeaways
- Both are regulated offshore licences popular with forex brokers.
- Seychelles is usually faster; Mauritius usually carries more weight with banks.
- Seychelles tightened substance in 2025; Mauritius has long required it.
- Many brokers choose based on banking and partner requirements.
Side by side
| Seychelles | Mauritius | |
|---|---|---|
| Regulator | Financial Services Authority | Financial Services Commission |
| Licence | Securities Dealer | Investment Dealer (Full Service excl. Underwriting) |
| Entity | Domestic company | Company with a Global Business Licence |
| Typical timeline | 3–6 months | 4–8 months |
| Substance | Resident director, two resident staff, office | Two resident directors, dealer team, CO, MLRO, deputy MLRO |
| Recognition | Moderate | Good |
Which to choose
Choose Seychelles for speed and a broad dealer licence; choose Mauritius when banking, institutional partners and a stronger profile matter more. We deliver Mauritius directly and Seychelles on request.