Mauritius trusts are regulated by The Trust Act 2001, the Code Civil Mauricien, and the common law relating to trusts.
A Trust is a vehicle whereby an individual (also referred to as the Settlor) transfers property or assets to another individual or individuals (also called Trustees) to hold for the benefit of other individuals or specific class of people (called Beneficiaries).
Trusts are mainly used for asset protection, succession planning, wealth conservation and confidentiality.
In Mauritius, there is no requirement to register the Trust with any registrar. It is a very flexible vehicle and can be formed as a life interest trust, a discretionary trust, a purpose trust, a charitable trust, a protective trust or an asset protection trust.
Non-resident trusts are tax-exempt and Trusts may apply for a Global Business Licence to benefit from the advantages of being resident in Mauritius.
Trusts are inherently flexible and can provide the following advantages:
Preserving Family Assets
Avoiding Forced Heirship
Protection against creditors
Charitable and Philanthropic Purposes
Ashton Financial Partners will act as a qualified Trustee and is licensed by the Mauritius Financial Services Commission ("FSC") to carry out Trust business. This will entail administration of the Trust, keeping accounting records and liaison with the relevant parties to ensure optimisation of the Trust assets.
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