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Mauritius Trusts

All Mauritian Trusts are governed by the Trust Act 2001, this is recognised as a modern legislation which has been drafted by prominent lawyers.  No register of trusts is maintained in Mauritius.  Mauritian Trusts are deemed to be irrevocable unless the Trust Instrument states otherwise.  A Trust is exempt from income tax in Mauritius as long as the settlor and the beneficiaries are non-resident.  

A Mauritian Trust can elect to be tax resident in Mauritius and hold a global business licence, therefore it would be able to take advantage of the numerous double tax treaties in place in Mauritius.  One of the major advantages of a Mauritius trust is that forced heirship rules only relate to trusts settled by Mauritius subjects or relating to assets situated in Mauritius and therefore subject to Mauritius laws.

There are a variety of trusts available in Mauritius;

- Discretionary Trusts.  These are of particular interest in the offshore environment as the trustees are the legal owners of any assets.  This provides a level of distance between the original Settlor and Potential Beneficiaries meaning that tax implications arising from the existence of the trust may be beneficial.
- Protective Trusts.  These may assist in asset protection in the case of insolvency.
- Charitable Trusts.  The purpose of this trust has to meet one of the specified criteria.
- Purpose Trust.  This can be created for a purpose without the appointment of beneficiaries.  Its purpose must be reasonable and specific.  
- General Trust.  This must state in writing the intention of the trust, the assets transferred to the trust, the duration of the Trust and its objective.

For more information regarding setting up a Trust in Mauritius or anywhere else worldwide please follow the link below or call us on our offices 
Telephone Number: 44 20 7097 1385 or Contact Us

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