The FSC is confident that the Processing Fees Regulations will foster early bird applications for the VASP licences and registration of initial token offerings (please see our article of 11 April 2022).

A summary of the processing fees is set out below and the licensing criteria at https://www.fscmauritius.org

Class I (Virtual Asset Advisor):Processing Fees USD 3,000Fixed Annual Fees USD 5,000
Class M (Virtual Asset Broker-Dealer):USD 1,000USD 2,000
Class O (Virtual Asset Wallet Services):USD 1,000USD 1,900
Class R (Virtual Asset Custodian):USD 1,500USD 2,500
Class S (Virtual Asset Market Place):USD 3,000USD 5,000
Issuers of Initial Token OfferingsUSD 2,000N/A
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