The Mauritius Offshore Business Activities Authority was set up by the Government in 1992 to sustain its economic growth and diversify the economy. The main activities are: offshore funds management, international financial services, offshore insurance, international consultancy services, international licencing and franchising, aircraft financing and leasing, international trading and assets management, offshore pension funds and international employment services.

The Authority has to see that the activities are carried out within the legal framework set by the government, in order to keep the reputation of Mauritius as a reliable business centre. It has now changed its name to Financial Services Commission.