TRUST

LEGAL STRUCTURES

A trust is a fiduciary relationship whereby the Settlor gives to the Trustee the right to ownership of assets for the benefit of the Beneficiary / Beneficiaries. Trusts are governed by the Trusts Act 2001 in Mauritius and can be of the following types:

  • Protective or spendthrift trusts
  • Charitable trusts
  • Purpose trusts
  • Discretionary trusts

There is a requirement to appoint a qualified Trustee licensed by the Financial Services Commission, such as AAA, and depending upon the type of the trust, there may be requirements to appoint an Enforcer and a successor to an Enforcer. The terms of the trust may also provide for the appointment of a Protector.

The advantages of using a trust are numerous and include privacy, asset protection and estate planning.

The law permits a Private Trust Company (PTC) to act as the Trustee of a trust or trusts which has or have been set up for the benefit of:

  • a single family; or
  • different branches of a family; or
  • distinct (but related) family groups.

More Legal Structures

GLOBAL BUSINESS COMPANIES
GLOBAL BUSINESS COMPANIES
GLOBAL BUSINESS LICENCE
GLOBAL BUSINESS LICENCE
AUTHORISED COMPANY
AUTHORISED COMPANY
DOMESTIC COMPANY
DOMESTIC COMPANY
TRUST
TRUST
FOUNDATION
FOUNDATION
LIMITED PARTNERSHIP
LIMITED PARTNERSHIP
LIMITED LIABILITY PARTNERSHIP
LIMITED LIABILITY PARTNERSHIP