About Mauritius

“A trust is an equitable obligation, binding a person (called a trustee) to deal with property owned by him (called Trust property, being distinguished from his private property) for the benefit of persons (called Beneficiaries or, in old cases, cestuis que trust), of whom he may himself be one, and any one of whom may enforce the obligation.“

• Trusts are set up under the Trusts Act 2001 as charitable, discretionary or purpose trusts.
• Requirements of a Trust are as follow:
• requirements for a trust
• indicate who will hold the position of the settlor (the person who creates the trust)
• the total assets to put into the trust
• a trust deed (the legal document setting up the trust which will be made by us)
• one or more trustees (those in charge of administering the trust), and beneficiaries.

The Mauritius Foundation is an adaptable vehicle for wealth management and estate planning, which holds a legal personality and requires to be registered in Mauritius.

A Foundation is tax exempt in Mauritius when the Founder is non-resident.

The Founder endows assets to the Foundation and may be one of the beneficiaries of the Foundation.

A Foundation also can be established by Will.

A Foundation requires a secretary (a private individual or corporate structure).

The Foundation Council administers the Foundation in accordance with its Charter and Articles.

A Family Office is an investment and wealth management instrument for high-net-worth families. The aim of a Family Office is to grow and transfer wealth to future generations.

There are 2 types of Family Offices that can be set up in Mauritius:

• Single Family Office
• Multiple Family Office

The holder of a Family Office Licence is authorised to provide certain services to family clients, including:

• administration and management of investments, assets and/or estate(s);
• administration and management of concierge services;
• management of accounting and reporting;
• administration and management of philanthropic services;
• providing training and development to the incoming generations;
• management of accounting and reporting;
• administration and management of philanthropic services;
• providing training and development to the incoming generations;
• administration and management of disaster recovery planning;
• administration of risk management;
• provision of administrative support;
• ensuring compliance with domestic and international legislations;
• establishing family governance, wealth strategies, family boards including family charters;
• providing tax advisory and compliance services;
• advising on wealth planning and protection; and
• any other activities as may be approved by the FSC.

The Family Office licence holder may benefit from a five-year tax holiday provided that it meets the substance requirements of the FSC and Tax Authority in Mauritius.

As the name infers, an asset manager is a company that manages assets on behalf of its clients (individual or legal) with the aim to grow the assets. The asset manager is mandated by his clients to deal with their assets such as securities or non-securities based. Asset manager performs markets research, analysis and trends to gauge on best ways to invest assets under his management.