banking system Mauritius island

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How does the banking system work in Mauritius?

Exploring the Basics of Mauritius’ Banking System: Its History, Structure & Regulations Mauritius is a small island nation in the Indian Ocean with a population of just over 1.3 million people. It has a well-developed banking system that plays a key role in the country's economic development. The banking system in Mauritius is regulated by the Bank of Mauritius, which is the country's central bank...

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Particular Case
The Regulatory Sandbox License (RSL) allows an investor to undertake a commercial activity for which there is no legal structure or suitable regulations under Mauritius' existing legislation. The RSL will be provided by the Economic Development Board to qualifying firms that want to invest in innovative projects for a fixed amount of time under a set of agreed upon terms and conditions.

Eligibility
Any investor with an innovative concept for which there is no legal framework or sufficient measures to cover its materialization can submit a full application for the issuance of an RSL. The applicant must be able to demonstrate the creative character of the project on a local, regional or global scale.