September is the right time for companies in Mauritius to review their corporate and regulatory position before the year comes to an end.

Several developments in 2026 deserve particular attention, including changes to FSC licensing fees, evolving AML/CFT requirements, beneficial ownership obligations and measures introduced under the 2026-2027 Budget.

The priority is not simply to complete a list of administrative tasks. It is to make sure your company enters 2027 with a sound structure, up-to-date records and arrangements that remain appropriate for its activities.

This checklist is particularly relevant to regulated and internationally active businesses, including Global Business Companies, Authorised Companies and structures subject to enhanced governance, compliance or banking requirements.

FSC licences and fees: review your position before year-end

If your company is subject to annual FSC licensing fees, confirm the amount payable and make sure the 2026/2027 fees are settled by 30 September 2026, following the exceptional extension granted by the FSC.

Key checks:

• Make sure the activities carried out by the company remain consistent with its licence.
• Settle the applicable 2026/2027 fees and retain the payment records.
• Check that the administrative information held by the regulator remains accurate.

Factor the revised FSC fees into your 2027 planning

The 2026 fee revision has significantly increased the fixed annual fee for Authorised Companies, from USD 350 to USD 1,400. Other categories of entities are also affected.

This is a good time to review the cost and purpose of each structure. Where an entity is no longer commercially justified, consider whether it should be maintained, reorganised, consolidated or closed.

AML/CFT and beneficial ownership: bring your records up to date

Regulatory expectations around transparency and anti-money laundering continue to evolve. Companies should therefore review their AML/CFT arrangements and make sure their corporate records accurately reflect their current ownership and activities.

Review your beneficial ownership records

For companies subject to the new beneficial ownership requirements, the relevant deadline was 30 June 2026.

Check that your beneficial ownership registers are current, that the required declarations have been obtained and that changes in ownership or control are properly documented.

Review your AML/CFT/CPF procedures

Identify the obligations that apply to your business as a Reporting Person. Review your internal AML/CFT/CPF policies, screening processes and risk documentation and update them where necessary.

Schedule your CDD reviews

Customer due diligence should be reviewed according to the risk profile of each relationship. Make sure KYC and enhanced due diligence reviews are properly scheduled and documented, with the MLRO overseeing the relevant AML/CFT framework.

Corporate governance: make sure your records can stand up to scrutiny

Good governance is increasingly important when companies deal with regulators, banks, auditors and international business partners.

Keep your corporate records in order

Make sure board meetings are held in line with the company’s constitutional documents and the Companies Act. Board minutes should be properly prepared, signed and retained.

Directors’ and shareholders’ registers should also be kept current, particularly where the company may need to provide information during an audit, regulatory review or banking process.

Review appointments and signing authorities

Check that the Company Secretary remains properly appointed and that all relevant corporate and banking authorities are current.

Where applicable to a GBC, verify that the required Management Company signatory arrangements are in place. Banking mandates should also be reviewed whenever directors, authorised signatories or account arrangements change.

Start planning the 2027 corporate calendar

Do not wait until the next deadline is approaching. Build the 2027 calendar around key corporate events, including board meetings, approval of accounts, auditor appointments, capital transactions and relevant officer or MLRO appointments.

Tax and the 2026-2027 Budget: check that your structure still makes sense

Budget measures can affect a company’s tax position, reporting requirements and operating costs.

Review the provisions relevant to your business and consider whether any changes require action before the end of the year.

It is equally important to check that the company’s actual activities remain consistent with its legal structure and tax position. This is particularly relevant when considering the distinction between a Domestic Company, GBC and Authorised Company.

Occupation Permits and immigration: review your current arrangements

Companies employing foreign nationals should also review the status of their work and residence arrangements.

Check existing permits

Make sure each permit holder continues to meet the applicable requirements. The relevant Occupation Permit category should remain appropriate for the individual’s role, the company’s activities and the applicable immigration status.

Plan renewals in advance

Review upcoming expiry dates and allow sufficient time for renewals or changes of status. Early planning can help avoid unnecessary disruption to both the employee and the business.

Banking: make sure your corporate file is ready for review

Banks are placing increasing emphasis on AML/CFT controls and the quality of corporate information provided by their clients.

Review your existing banking arrangements

Check that your bank has accurate and up-to-date ownership information. Look for missing supporting documents, outdated corporate records or inconsistencies between the company’s declared activities and its financial transactions.

Keep a banking-ready file

Maintain a central file containing current beneficial ownership information, evidence of business activities and relevant AML documentation.

Having these documents readily available can make periodic bank reviews easier and help support applications for additional accounts or banking services.

Get your company ready for 2027 with C&S Secretarial Services

Preparing for 2027 is about more than meeting individual deadlines. It is an opportunity to make sure your company’s structure, governance and administrative records remain fit for purpose.

C&S Secretarial Services supports Domestic Companies, Global Business Companies and other structures established in Mauritius with their ongoing corporate and administrative requirements.

Our services include:

• Compliance reviews covering FSC fees, beneficial ownership, AML/CFT/CPF, governance, permits and banking documentation;
• Updating beneficial ownership registers and obtaining outstanding declarations;
• Reviewing AML/CFT/CPF policies and due diligence procedures;
• Organising board meetings, maintaining corporate records and preparing key resolutions;
• Assisting with permit applications and banking documentation.

If you want to review your company’s position before 2027 or put a practical compliance plan in place, contact C&S Secretarial Services to discuss your requirements.

Sources of this article:

• Financial Services Commission (FSC) Mauritius
• Corporate and Business Registration Department (CBRD)
• Mauritius FSC – Circulars & Regulatory Updates
• Mauritius regulatory update AML/CFT Act 2026 – Apex Group
• FSC Mauritius Fee Revision 2026 – Blue Azurite
• [Blog] National Budget 2026 – 2027: Our Opinion | Le Defi Media Group

L’article 2027 Compliance Checklist for Companies in Mauritius est apparu en premier sur C&S Secretarial Services.

That date has now passed. The question for boards and shareholders is no longer how to prepare, but whether their Mauritian entities are genuinely up to date – and, if not, how quickly gaps can be closed. With a practice focused on corporate secretarial work and regulatory support, C&S Secretarial Services helps companies take stock of their obligations and build a workable action plan across their Mauritian portfolio.

What the law now expects on BO/UBO

Recent amendments to the Companies Act and related instruments have moved Mauritian practice closer to international best standards on beneficial ownership. Every company is now required to identify its beneficial owners, maintain a dedicated register of BOs/UBOs and obtain a written, signed declaration from each of them confirming their status.

In operational terms, this means mapping the natural persons who ultimately own or control the company, directly or indirectly, in line with thresholds set out in the legislation and AML guidance. The information collected must be complete, accurate and kept up to date, and it must be stored in a way that allows for swift access by the Registrar of Companies or other competent authorities when requested.

A deadline behind us, not ahead of us

The transitional provisions attached to the Finance Act 2025 gave existing entities some breathing space to adjust. Companies incorporated before the new rules came into force were expected to have completed all steps relating to beneficial ownership – from collecting declarations to updating internal records – by 30 June 2026.

From that point onwards, failure to maintain a BO register or to secure signed declarations is treated as a compliance breach, not a mere delay in implementation. In practice, a company which, in August 2026, still lacks up‑to‑date registers, written confirmations or a clear internal process to track changes exposes itself to sanctions and to increased friction during audits, inspections or information requests. For groups with multiple Mauritian entities, the immediate priority is therefore to review the status of each structure and regularise any shortcomings without further delay.

Register, written declaration and officers: a three‑pillar compliance model

The new regime goes well beyond simply keeping a list of names on file. Each beneficial owner or ultimate beneficial owner must provide a written and signed declaration, setting out their identity, the nature of their interest or control and, where relevant, their percentage holding, and confirming that these details are correct as at the date of signature.

On top of that, the framework places responsibility squarely on designated individuals. Companies must appoint an authorised person or officer – and, where required, an alternate – in Mauritius to oversee the BO register, liaise with the Registrar and retain documentary evidence of the steps taken to identify beneficial owners. When a BO/UBO changes or their status evolves, it is this officer who must ensure the company is notified and that the register and underlying records are updated promptly, embedding beneficial ownership into the company’s wider governance discipline.

Looking ahead to 2027: more detail, wider scope

The tightening does not stop with the 2026 deadline. Building on the Finance Act 2025 and subsequent guidance, the Mauritian authorities have signalled that the net will widen further by 30 June 2027. The obligation to keep granular BO information is being extended to additional legal forms – including certain types of partnerships and foundations – and the content of registers is becoming more detailed.

In particular, entities will be required to include additional identifiers such as the date of birth of each BO/UBO in their registers, alongside the data already mandated. For international groups and investors in regulated sectors, this greater granularity has practical implications: document templates, onboarding questionnaires and internal workflows may all need to be redesigned well before the 2027 cut‑off if they are to capture the right information consistently.

The cost of non‑compliance: more than fines

The legal framework provides for penalties where companies do not comply with BO rules, but the indirect consequences are often just as significant. Incomplete or outdated BO registers can trigger delays or refusals in bank KYC procedures, complicate the opening and maintenance of accounts and raise red flags with regulators and counterparties.

Weak BO documentation can also make intra‑group transactions, disposals or restructurings harder to execute, especially where foreign investors or lenders carry out their own due diligence. In the investment, fund and holding company space, a robust, well‑maintained BO file is increasingly seen as a test of governance quality – and a precondition for doing business with more demanding institutional partners.

Preparing 2027 with C&S Secretarial Services

In this context, beneficial ownership compliance is no longer a one‑off exercise; it is becoming part of everyday corporate governance in Mauritius. C&S Secretarial Services supports domestic companies, Global Business entities and other Mauritian vehicles in turning these legal requirements into a structured, repeatable process.

Our team can, in particular:

• conduct a BO/UBO compliance review of your existing entities (registers, supporting documents, internal procedures);
• organise the collection or regularisation of written declarations from beneficial owners, in coordination with shareholders and ultimate controllers;
• design and implement or update BO registers and change‑management procedures, aligned with the Companies Act and Registrar guidelines;
• act as, or assist with the appointment of, authorised officers in Mauritius to interface with the authorities and ensure ongoing maintenance of records.

For boards and corporate groups looking to secure their position after the 30 June 2026 deadline and get ahead of the 2027 enhancements, C&S Secretarial Services offers a practical, governance‑driven approach to beneficial ownership compliance in Mauritius. Contact us today!

Sources of this article: 

• Corporate and Business Registration Department
• The Finance Act 2025 Mauritius – KPMG
• THE FINANCE ACT 2025 – FSC Mauritius  

L’article Beneficial ownership in Mauritius: where does your company stand after the 30 June 2026 deadline? est apparu en premier sur C&S Secretarial Services.