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 3,000 | Fixed Annual Fees USD 5,000 |
| Class M (Virtual Asset Broker-Dealer): | USD 1,000 | USD 2,000 |
| Class O (Virtual Asset Wallet Services): | USD 1,000 | USD 1,900 |
| Class R (Virtual Asset Custodian): | USD 1,500 | USD 2,500 |
| Class S (Virtual Asset Market Place): | USD 3,000 | USD 5,000 |
| Issuers of Initial Token Offerings | USD 2,000 | N/A |
For further information, please contact:
Sharmilla Bhima, Partner, Appleby
pbhima@applebyglobal.com
