Mauritius Offshore Trust
A Mauritius trust is an excellent long-term wealth management strategy that enables the safeguarding of personal wealth from the restrictions in place within one’s country of domicile. Mauritius is a popular location of choice for the formation of a trust, and enables the settlor to transfer their assets from their own name to that of the trustee, whilst retaining the benefit of the property for the beneficiaries.
To learn more about opening a Mauritius offshore trust, please view our Mauritius Offshore Trust service page.
Alternatively if you are ready to proceed with creating a trust, please complete our Trust Application Form.
How to open a Mauritius Offshore Trust
A Mauritius trust is an effective asset management tool sought by high-net-worth individuals and those who wish to protect their assets for the benefit of their children or grandchildren. Mauritius is an admired jurisdiction for offshore trust formation, as it provides effective tax planning, asset protection and wealth management opportunities.
In order to create a Mauritius offshore trust it is important to fulfill the requirements of the Mauritius Trust Act 2001, which is the body that regulates all trusts formed in Mauritius. Under the Trust Law, both residents and non-residents of Mauritius can open a trust.
A Mauritius trust requires the following parties: a settlor, a trustee, beneficiaries and a protector. The settlor is the individual who creates the trust for the benefit of the beneficiary/beneficiaries, who will ultimately benefit from the formation of the trust. The trustee is the party responsible for overseeing the general management and administration of the trust in compliance with the settlor’s wishes, whilst the protector is responsible for ensuring that the trust is correctly managed. Under Mauritius law, both the settlor and trustee can also be a beneficiary.
When setting up a Mauritius offshore trust, the settlor is required to transfer their personal assets into the trust to be managed by the trustee. The settlor will create a trust declaration, which will provide the trustee with the rules and requirements of the trust that the settlor must abide by.
There are many benefits to opening a Mauritius offshore trust, including high levels of confidentiality and minimal trust maintenance. Mauritius offshore trusts are also inexpensive to form. In addition, a Mauritius trust is an effective form of estate management and inheritance planning, and provides protection against creditors.
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