Dear Readers, Important FAQ – We are aware that many dormant or recently licensed companies in Mauritius and Seychelles are currently being offered for sale. Please note that the Financial Services Commission (FSC) of Mauritius does not allow the transfer of ownership in dormant companies. Dormancy is not defined by the age of the license but rather by the number of clients, the level of services provided, and the amount of assets within the company. The Financial Services Authority (FSA) of Seychelles adopts a similar stance. The sale of a newly licensed but never operational company is highly unlikely to be approved unless there is a strong and legitimate business case. Reasons such as a shareholder falling ill, a change of plans, or lack of funding are generally not considered valid grounds for approving a share transfer. Therefore, if you are offered a recently licensed but never operational company for sale, please be aware that the regulator will most likely not approve the transfer of shares. If you pay an advance fee in such a situation, you may end up without ownership of the company and without the advance fee.