CHAPTER 33 / 55 · Paid
FS-4.3 Authorised Company.
Financial Services Act section 71A. It is not a Global Business Licence and not a tax-free status.
Approx. 14 min with exercisesLaw cut-off: 20 September 2026Our approach
By the end of this chapter
- Describe the shop in one paragraph from the first file on the desk.
- Decide the promoter’s next asks: which stay on this letter, which need another paper.
- Keep neighbouring permissions off this desk.
- Cite the enabling section and treat the licence letter as the book.
FSC · FS-4.3 · Authorisation
1. SandCo’s shop
SandCo is the desk this chapter is for. Authorisation as an Authorised Company under section 71A.
The first file on the desk is this. SandCo is incorporated in Mauritius. Directors meet in Dubai. A Mauritius MC acts as registered agent. FS-4.3 / FSA section 71A. Income Tax Act section 73A is the tax overlay, taught in Mauritius Tax.
Three facts have to stay true of that book. First, the letter is the activity specified. This is a authorisation under Financial Services Act 2007, Section 71A. A company name is not a permission.
Second, neighbouring papers stay off this desk. Not a Global Business Licence, not a Mauritius tax holiday, and not a foreign company registration under Companies Act Part XXII.
Third, the assumptions stay in the file. Fictional company. CMC outside Mauritius stipulated. Cut-off 20 September 2026.
Financial Services Act 2007, Section 71A. See the register note · Open the published text ↗.
2. A week with A holding company run from Dubai
Monday. The promoter walks in with “A holding company run from Dubai.” Write the facts before anyone names a code: SandCo is incorporated in Mauritius.
Tuesday. The team writes the activity in the words of the licence letter, not the brass plate. Authorisation as an Authorised Company under section 71A.
Wednesday. They record what this permission is used for. FS-4.3 / FSA section 71A. Income Tax Act section 73A is the tax overlay, taught in Mauritius Tax.
Thursday. They write what the letter does not cover. Not a GBL. Not “no Mauritius filings” as a slogan — section 73A still has a return question.
Friday. They lock the assumptions. Fictional company. CMC outside Mauritius stipulated. Cut-off 20 September 2026. The file is ready for the application, not for a slogan on a slide.
The other files on this desk should look like that first one: a named person, a specified activity, and a letter that matches the work. That is what FS-4.3 is used for. The Act matters when SandCo applies, when the Commission writes conditions onto the letter, and when the same promoter telephones with a different idea.
3. What the same promoter asks next
The facts are fictional. The method is the course: keep the shop you have just watched, and ask which desk is now doing the work.
This licence
A holding company run from Dubai
SandCo is incorporated in Mauritius. Directors meet in Dubai. A Mauritius MC acts as registered agent.
Why it fits. FS-4.3 / FSA section 71A. Income Tax Act section 73A is the tax overlay, taught in Mauritius Tax.
Different paper
The same promoter asks for Global Business Licence
The slide says the FS-4.3 letter already covers it because the same company, the same officers or the same client are on the file.
Why it does not. Keep the neighbouring paper off this desk. Not a GBL. Not “no Mauritius filings” as a slogan — section 73A still has a return question.
Different paper
The same promoter asks for Mauritius tax holiday
The slide says the FS-4.3 letter already covers it because the same company, the same officers or the same client are on the file.
Why it does not. Keep the neighbouring paper off this desk. Not a GBL. Not “no Mauritius filings” as a slogan — section 73A still has a return question.
| The promoter asks SandCo to… | This licence? | Why |
|---|---|---|
| A holding company run from Dubai | Yes | FS-4.3 / FSA section 71A. Income Tax Act section 73A is the tax overlay, taught in Mauritius Tax. |
| The same promoter asks for Global Business Licence | No | Keep the neighbouring paper off this desk. Not a GBL. Not “no Mauritius filings” as a slogan — section 73A still has a return question. |
| The same promoter asks for Mauritius tax holiday | No | Keep the neighbouring paper off this desk. Not a GBL. Not “no Mauritius filings” as a slogan — section 73A still has a return question. |
4. Papers that sit beside this one
Not a Global Business Licence, not a Mauritius tax holiday, and not a foreign company registration under Companies Act Part XXII. Name the other desk when the work changes: a Global Business Licence; a Mauritius tax holiday; a foreign company registration under Companies Act Part XXII.
- a Global Business Licence
- a Mauritius tax holiday
- a foreign company registration under Companies Act Part XXII
Neighbouring codes have their own chapters. Do not import their books into this letter.
5. The letter and the file
A Mauritius-incorporated company centrally managed and controlled outside Mauritius, as the FSA and Income Tax Act section 73A architecture contemplate. Directory: Form A-AC and the Authorised Company checklist. Fees as at 1 July 2026: Processing fee USD 600. Status at cut-off: Published category as at 1 July 2026.
Who may hold it. A Mauritius-incorporated company centrally managed and controlled outside Mauritius, as the FSA and Income Tax Act section 73A architecture contemplate. Tax residence is a tax-course question; the FSC permission is still on the file.
Published criteria. Directory: Form A-AC and the Authorised Company checklist. No separate “licence criteria PDF” beyond those forms on the 1 July 2026 row.
Rules, codes and circulars. CL20260107 for fees. Bank-signatory circular is written for GBCs through MCs; do not assume it rewrites AC conditions.
6. How to cite FS-4.3
| Coordinate | As at 20 September 2026 |
|---|---|
| Directory code | FS-4.3 Authorised Company |
| Legal nature | Authorisation |
| Enabling law | Financial Services Act 2007 · Section 71A |
| Fees as at 1 July 2026 | Processing fee USD 600. Fixed annual fee USD 1,400*. First annual fee quartered (USD 1,400 / 1,050 / 700 / 350). Read the asterisk on the live schedule. Registrar fees are separate. Unless the directory states a different conversion rule, USD figures apply only to an applicant for a Global Business Licence or a corporation holding a Global Business Licence. FSC Circular Letter CL20260107 (1 July 2026) records that the replacement fee schedule operates from 1 July 2026 and that annual fees are due by 30 September 2026. A circular does not rewrite the activity this code authorises. |
| Status at cut-off | Published category as at 1 July 2026. Companies Act Part XXIX overlay remains a company-law layer. |
The structured library card keeps the same coordinates for search. Open FS-4.3 in the reference library.
FSC codified list of licences, authorisations, approvals, recognitions and registrations ↗Register noteFinancial Services Act 2007 ↗Register noteFSC licensing and fees amendment rules 2026 ↗Register noteFSC Circular Letter CL20260107 — review of fees and renewal of licences ↗Register noteFSC rules and regulations directory ↗Register noteFinancial Services Act — Global Business and Authorised Company overlay ↗Register note
PAUSE & REFLECT
Check your understanding.
Three questions to make the ideas stick. Your score is saved on this browser; this is a learning exercise, not a qualification.
Follow the sources.
Each title opens the published text. The register note records the edition used for this course.
- FSC codified list of licences, authorisations, approvals, recognitions and registrations ↗ All published category codes, fees, forms and licensing-criteria columns; consolidation as at 1 July 2026 · Register note
- Financial Services Act 2007 ↗ Sections 2, 14, 14A, 16–18, 25, 33, 71A, 72, 77, 77A, 77B, 77C, 78, 79A; Second Schedule Parts I–III; Fifth Schedule · Register note
- FSC licensing and fees amendment rules 2026 ↗ Rule 3 and replacement First Schedule; rule 4 commencement · Register note
- FSC Circular Letter CL20260107 — review of fees and renewal of licences ↗ 1 July 2026 fee review; annual-fee due date 30 September 2026; FSCOne alternative arrangements · Register note
- FSC rules and regulations directory ↗ Consolidated licensing and fees rules; sector-specific rules including Securities (Licensing) Rules and Family Office Rules · Register note
- Financial Services Act — Global Business and Authorised Company overlay ↗ Global Business Licence and Authorised Company categories; read with Companies Act Part XXIX · Register note
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