Mauritius Trust

Mauritius Trust | Corporate And Private Shelters For Investors

Mauritius trust: 4 categories of Mauritius trusts, taxation, and main features that will help you select the best category

Mauritius Trust is a preferred entity for entrepreneurs wanting a secure offshore entity cause of the many corporate and private shelters this provides.

An offshore trust company in Mauritius is governed by the Trusts Act, 2001.

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Mauritius trust: Get a free quote now by filling in the box on the right and discover its different categories and features 

Mauritus trust: Types

Most Mauritius trusts fall into 4 broad categories:

  • Private: Including discretionary, accumulation and maintenance, life interest and fixed interest trusts
  • Corporate: Including pension and employee finance benefit trusts
  • Charitable: Solely permitted for the benefit of charitable institutions
  • Purpose: Trusts without beneficiaries that are established conditionally for purposes that are certain and reasonable

Mauritius trust: Taxation

  • A trust is liable to income tax at the rate of 15% if the Settlor and beneficiaries are non-residents or hold a Category 1 or 2 Global Business license or is a purpose trust.
  • However, such trusts will be entitled to the presumed foreign tax credit of the higher rate suffered or 80% of its chargeable income or may deposit a declaration of non-residence within 3 months after the expiry of the income year. It will then be exempt from public income tax every year.
  • Chargeable income shall be the difference between the net income derived from the trust and the aggregate income distributed to the beneficiaries under the terms of the trust. Any amount of income development distributed to the non-resident beneficiaries shall be exempt from income tax in the protective hands of the beneficiaries.
  • To be a tax resident, a Trust has to apply for a Tax Residence Certificate with the Commissioner of Income Tax, which is delivered under the following conditions:
    • At least one Trustee is a resident of Mauritius.
    • A bank account is maintained in Mauritius, through which all cash movements are routed.
    • All accounting records are kept with the local Trustee.
    • The local Trustee is a party to all decisions pertaining to the trust.
Mauritius Trust | Corporate And Private Shelters For Investors

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Mauritius trust: Get a free quote now by filling in the box on the right and discover its different categories and features 

Mauritius trust: Main features

  • Confidentiality of trustee’ deliberations, the identity of Settlor and Beneficiaries.
  • A possibility to establish letters and a memorandum of wishes.
  • Anti forced heirship rules.
  • Migration of Trust possible.
  • The concept of managing and custodial trustee (up to four trustees).
  • Charitable Trusts are exempt from taxation.
  • The proper law practice of the trust is the one chosen by the Settlor or the one implied in the Trust Deed. If no law is chosen, the one which is most closely connected at the time of creation of the Trust will be treated as proper law for the estates.
  • A resident trust may benefit from the network of a Double Tax Treaty.

Mauritius is a preferred regional jurisdiction for offshore companies due to its political stability, cosmopolitan culture, and value-driven society.

Mauritius is a democracy similar to the British parliamentary system. The legislative, executive and judicial systems are separated and are enshrined in the Constitution.

State of the art infrastructure, relaxed foreign exchange reserves, and a robust and diversified economy make the island a desirable place to run a business.

For 30 years, Mauritius has experienced stable economic growth, with a diversified economy based on agriculture, exporting, tourism and financial services. Information technology is also being developed into a fifth economic sector.

Mauritius Trust | Corporate And Private Shelters For Investors

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Mauritius trust: Get a free quote now by filling in the box on the right and discover its different categories and features 

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Mauritius Trust was last modified: June 8th, 2019 by Manu Raj

Manu Raj

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