FAQ’s

What are the benefits of local incorporation?

HSBC Bank (Mauritius) Ltd is a wholly owned HSBC Group subsidiary incorporated in Mauritius. Local incorporation enables many of our customers, including borrowers, to benefit from the Double Taxation Avoidance (DTA) treaties which exist between Mauritius and various countries located in Africa, Asia, Middle East and Europe.

Where is HSBC Bank (Mauritius) Ltd located and what are our contact details?
Address:
6th Floor, HSBC Centre,
18 CyberCity, Ebene, Mauritius
SWIFT: HSBCMUMUOBU
Phone: +230 403 8333
Fax: +230 403 0999
Email: global.business@hsbc.co.mu

Who are the Directors of HSBC Bank (Mauritius) Ltd? Who constitute the board of HSBC Bank (Mauritius) Ltd?
The Directors and the Chairperson are all senior officers employed by the HSBC Group and comprise of local and foreign individuals. The Board is presently made up of resident Executive Directors and non-resident, non executive Directors (the latter based in HSBC Hong Kong).

What is the position of HSBC Bank (Mauritius) Ltd within the HSBC Group?
HSBC Bank (Mauritius) Ltd is a wholly owned subsidiary of The Hongkong and Shanghai Banking Corporation Limited, which in turn is owned the HSBC Holdings plc, the ultimate holding company of the HSBC Group. Mauritius is part of the HSBC’s global network, which comprises more than 10,000 offices in over 80 countries and territories. That HSBC Bank (Mauritius) Ltd is locally incorporated is a reflection of the Group's commitment to supporting and developing its operations in Mauritius as it will provide greater flexibility and scope for business growth. It is the HSBC Group's policy that all its operating subsidiaries are adequately funded to carry out their operations.

What is the size of HSBC Bank (Mauritius) Ltd?
HSBC operates the largest offshore bank in Mauritius. The authorized share capital is some USD132m with a deposit base of USD 3.2bn (as of December 2007).