A payment system, which is an online platform suitable for different financial operations, is a viable alternative to banks. You can use it for seamless transfers in and out to any country. What is more, you can order a payment card for convenient payments. Payment systems provide services to individuals and legal entities alike. If you open a company account, you will be able to pay salaries, invoices, and business bills. If you are looking for an easy opportunity to receive payments from any country, a Mauritius payment system may be exactly what you need.
Mauritius: A Well-Known Financial Hub
Mauritius is an island located below the equator about 1,900 kilometers off the coast of East Africa, in the southwestern part of the Indian Ocean. The jurisdiction has long been a world-renowned business and financial hub. It is a party to multiple bilateral tax agreements with other countries, which makes the state an excellent starting ground for your business. Mauritius is a country that complies with all international regulatory requirements, turning it into a real draw for non-resident entrepreneurs. This is a very stable country in political terms, and it has business-friendly corporate laws that you are sure to appreciate.
Mauritius needs to attract foreign capital, so it fulfills all OECD requirements connected with the exchange of tax information to remain on the white list. It has no problems connected with FATCA or CRS. As you see, Mauritius is a good choice for business and banking, and setting up an account with its payment system would be a far-sighted decision.
Why Open an Account with a Mauritius Payment System?
The payment system promoted in this post has two licenses issued by the Mauritius Financial Service Committee which make it possible to operate in a lawful way:
- One license allows the payment system to carry out business operations all over the world.
- One more license gives the institution the right to render intermediary financial services to customers, enabling it to offer complex payment solutions.
Opening an account with the Mauritius payment system would be an excellent choice for freelancers, businesspeople, and companies that sell their products and services online as it will help them streamline their payment processes. Your (or your company’s) location is unimportant in this case! An account set up with the payment system can sometimes replace an account with a regular bank.
The worldwide multicurrency payment platform we offer has a registered trademark. It would be a reasonable choice for individuals and legal entities that are residents of Eastern Europe, Africa, Oriental countries, and Asia.
The Mauritius payment system is based on state-of-the-industry risk assessment and customer identification technologies. It focuses on cross-border money transfers, and it mainly offers services to corporate customers who have business units in Europe, Africa, the Middle East, and Central Asia. The payment system renders top-quality services to customers from almost any country.
Let’s look at the main benefits of setting up an account with the Mauritius payment system:
- Utter simplicity and security of payment procedures
- A possibility to easily make SWIFT payments
- Reliable protection of customers’ personal data
- Excellent security standards
- Individual service and 24/7 customer support
- Customized routes for money flows
- The tariffs offered by the payment system are more affordable than in banks
- Flexible payment arrangements
- State-of-the-industry technologies that enable customers to confirm payments and perform various financial operations, including cross-border money transfers
Your money will be kept with secure banking institutions, and money can be withdrawn from your account at any time of day or night. Unauthorized access to accounts is prevented by up-to-date security technologies. Your account is absolutely safe thanks to constant monitoring, multi-level authentication, and coding.
Opening an Account with the Mauritius Payment System
You will not have to spend much time on opening an account with the Mauritius payment system – what is more, you can set it up online!
Here are the documents you will need to submit:
- Personal documents of each company officer and owner.
- A Certificate of Good Standing.
- A complete package of corporate documents.
Please keep in mind that the final list of application documents that the payment system will require depends on the jurisdiction of your company’s incorporation and its corporate structure. Your application package will be meticulously studied by the Compliance Department. If everything is fine, your package will be approved within 24 hours, and the account will be opened immediately following approval. You may qualify for customized rates depending on the nature of your business and the number of transactions.
The Mauritius payment system has an extensive network of correspondents, and the number of available destinations is constantly growing, which makes it possible for the financial institution to meet the needs of the most demanding clients. You can open an account in digital currencies (in addition to fiat currencies) and manage it online, and this service is available to individuals and legal entities.
Please keep in mind that the Mauritius payment system does not cooperate with the companies that work in the following spheres:
- Adult business
- Casinos and gambling
- Armor/ammunition manufacture and trade
In addition to that, the Compliance Department will turn your application down in 100% of cases if you are an individual or a company under EU/US sanctions.
Payment System Rates
Let’s look at the fees payable by the payment system customers:
- If you need a paper account statement, it comes at 200 euros per account.
- If you need a digital statement, the fee amounts to 30 euros per account.
- The audit fee amounts to 50 euros.
- The fee for account opening on the date of application equals 5,000 euros.
- The monthly maintenance fee is 250 euros.
And here are the commissions that may be payable:
- Investigation commission (200 euros).
- Payment cancellation commission (150 euros).
- Payment details change commission (60 euros).
- Commission for transfer after the banking day is over (300 euros).
- Outgoing payment commission (0.7%).
- Incoming payment commission (2 euros)
- Intermagma fee (2 euros)
There are some additional paid services as well: for example, if you change the account details, you will be charged 750 euros. Other services, such as Forex, mailing services, custody, or additional document inspection come at an individual fee.
Interested in the Mauritius payment system? Please follow the above link to get more details from an expert or discover other payment opportunities.