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Mon, 6 Jul 2026 07:14:00 GMT

Mauritius Banking Guide – Everything You Need to Know Before Opening a Bank Account

Whether you are relocating to Mauritius, investing in property, starting a business or planning a longer stay, opening a local bank account is often one of the first practical steps after arriving.

Mauritius has developed into one of Africa's leading international financial centres. Its banking sector is modern, well regulated and offers a wide range of services for residents, expatriates, entrepreneurs and international investors.

This guide explains how banking works in Mauritius and what newcomers should know before opening an account.

Before relocating, we recommend reading our Moving to Mauritius Checklist.

Banking Overview

Personal bank accounts.

Business banking.

International transfers.

Foreign currency accounts.

Online and mobile banking.

Mortgages.

Investment services.

Cards and everyday banking.

Why Open a Bank Account in Mauritius?

Having a local bank account makes everyday life considerably easier. Salaries, utility payments, property transactions and many administrative procedures are generally simpler when using a Mauritian bank.

Benefit | Why It Matters
Local Payments | Convenient everyday banking.
Property Purchases | Simplified transactions.
Business Activities | Professional financial management.
International Transfers | Multi-currency flexibility.
Online Banking | 24/7 account access.

Who Can Open a Bank Account?

Eligibility depends on your residency status and the bank's individual requirements.

Residents, qualifying expatriates, business owners and investors can generally access a wide range of banking services after providing the required documentation.

Typical Documentation

Requirements differ between banks and individual circumstances, but applicants are commonly asked to provide documentation such as:

Valid passport.

Proof of address.

Residence documentation where applicable.

Source of funds information.

Employment or business information.

Always verify the latest requirements directly with your chosen financial institution.

Foreign Currency Accounts

Many banks in Mauritius offer accounts in multiple major currencies, making international banking convenient for expatriates and investors with global financial interests.

Online Banking

Modern online and mobile banking services allow customers to manage everyday transactions securely from anywhere in the world.

Account management.

International payments.

Bill payments.

Mobile banking.

Secure authentication.

Business Banking

Mauritius is an attractive jurisdiction for international business. Companies operating on the island can usually access professional banking solutions designed for local and international activities.

Continue reading:

Business & Real Estate in Mauritius

Property Financing

Financing options vary depending on residency status, property type and the individual policies of financial institutions.

Buyers should always obtain independent financial advice before entering into any financing agreement.

Buying Property in Mauritius as a Foreigner

Tax Considerations

Before moving assets internationally or establishing financial structures, professional advice should always be obtained to ensure compliance with the laws of all relevant jurisdictions.

Tax Optimisation & Offshore Structuring

Frequently Asked Questions

Can foreigners open a bank account in Mauritius?

Depending on their residency status and individual circumstances, eligible foreign nationals may open bank accounts subject to each bank's requirements.

Can I use multiple currencies?

Many banks offer multi-currency banking solutions for international clients.

Is online banking widely available?

Yes. Most financial institutions provide modern online and mobile banking platforms.

Can businesses open local accounts?

Yes. Business banking services are available for qualifying companies operating in Mauritius.

Should I arrange banking before relocating?

Planning your financial arrangements before moving can make your relocation significantly easier.

Related Mauritius Guides

Official Mauritius Contacts

Moving to Mauritius Checklist

Mauritius Visa Guide

Business & Real Estate in Mauritius

Tax Optimisation & Offshore Structuring

Living in Mauritius – The Ultimate Guide