Overview
AfrAsia Bank, at a glance.
AfrAsia Bank is a bank headquartered in Mauritius, regulated by Bank of Mauritius, Financial Sector Conduct Authority, Dubai Financial Services Authority. Business accounts cost MUR 115 a month. Opening an account takes 3–5 days.
AfrAsia Bank Limited is a licensed bank in Mauritius, supervised by the Bank of Mauritius.
Why businesses pick AfrAsia Bank
- A published tariff for non-residents and overseas companies
- Accepts Global Business companies, partnerships, sociétés and foundations
- Free incoming SWIFT payments, credited in full
- Visa and Mastercard business cards
- Free local instant transfers in rupees
Watch out for
- MUR 25,000 minimum deposit to open
- SWIFT payments cost 0.2%, minimum USD 30 online and USD 50 by instruction
- Card payments in another currency cost 3%
- The Classic business account is in rupees; other currencies need the corporate route
- Accepted countries and prohibited industries are not published
Business fit
Will AfrAsia Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on AfrAsia Bank's published rules
Needs review
AfrAsia Bank works with Startups and SMEs, but does not publish the countries it accepts companies from.
AfrAsia Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What AfrAsia Bank publishes about the businesses it takes on.
Who AfrAsia Bank serves
- Startups and SMEs
- Fund managers
- Holding companies
- Import and export
Not supported
Industries and countries AfrAsia Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use AfrAsia Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
MUR plus foreign currencies
- EUR
- USD
- GBP
- CHF
- MUR
- ZAR
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Domestic companies, Global Business companies and overseas companies, Partnerships and sociétés, Trusts and foundations, Clubs and associations
Pricing
What does AfrAsia Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
MUR 115
Non-resident current account
MUR 115 per month
MUR 0 setup · MUR 1,380 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | Free | No charge · Full credit of the amount |
| Outgoing | ||
| SWIFT / international | 0.2%, min $30 | Percentage, with a minimum charge · Online; maximum USD 60; USD 50 to 100 by manual instruction |
| To another AfrAsia Bank account | Free | No charge · Local instant transfers in rupees |
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Monthly card fee | MUR 250 | Fixed fee · Business debit card; USD 8.50 or EUR 7.50 |
| Card FX | 3% | Percentage of the amount |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is AfrAsia a bank?
Yes. AfrAsia Bank Limited is a licensed bank in Mauritius, supervised by the Bank of Mauritius, with operations in South Africa and a branch in Dubai.
Can a foreign company open an AfrAsia account?
Yes. AfrAsia publishes a non-resident tariff that covers Mauritius Global Business companies, non-resident individuals and companies incorporated overseas, subject to its checks.
How much does an AfrAsia business account cost?
The opening deposit is MUR 25,000. Non-resident accounts cost MUR 1.15 per transaction with a MUR 115 monthly minimum. SWIFT payments cost 0.2%, minimum USD 30 online; incoming SWIFT payments are free.
Which cards does AfrAsia offer businesses?
Visa and Mastercard business debit cards (MUR 250, USD 8.50 or EUR 7.50 a month) and World Business credit cards.
Alternatives
How AfrAsia Bank compares.
If AfrAsia Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 AfrAsia BankThis pageBank |    | MauritiusGlobal Business companies |
 Bank OneBank | | International banking17 currencies |
 MCBBank | | Global BusinessOnline application |
 Caye International BankInternational bank |  | Offshore bankingNon-residents accepted |
 Wise BusinessE-money institution |   | Low FX costsStandard businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.