ESTABLISHING YOUR TRUST
We can help you choose and establish the right type of trust that would best fit your objectives. Our dedicated team will help you write the trust deed/charter,
as well as any other legal documents required to state the terms under which you would like your trust to operate.
ACTING AS YOUR TRUSTEE FOR YOUR TRUST
You may appoint JurisTax to be your trustee. With the strong support of our taxation, legal, and administration teams, we can fulfil all the activities and responsibilities required of your trustee.
We can manage a trust’s accounts, maintain its records, prepare tax returns, and where property assets are involved, we may make arrangements for rent collection, insurance, maintenance, rates and land tax. As a qualified trustee, JurisTax will be devoted to act in the best interest of the parties involved at all times.
THE MAURITIUS TRUST
The Trusts Act 2001 governs the law of trusts in Mauritius. A trust is created by the owner of property (the Settlor) vesting the ownership of the property to another person (the Trustee). The latter will hold it for and on behalf of other persons (the Beneficiaries). The Settlor may appoint a Protector who can have wide powers to control the administration of the trust by the Trustee. The Settlor may give to the Trustee a letter of wishes as guidance to his wishes during his lifetime or after death.
The trust may be created either through a deed of trust signed by the Settlor and Trustee or a declaration of trust signed by the Trustee only.
MAIN FEATURES OF MAURITIUS TRUSTS
Confidentiality of trustee deliberations as registration of the trust is not compulsory
Possibility to establish letters and memorandum of wishes
Possibility to accumulate income for any period within the duration of the trust
Anti-forced heirship rules
May apply for a GBL 1 licence and can thus benefit from the network of DTAs
Migration of Trust possible
Concept of managing and custodian trustee
Trusts may also be used for the purposes of structuring funds and collective investment schemes
USE OF TRUSTS
For Tax planning
For asset protection purposes
For the protection of minor’s rights
For the protection from potential creditors
For preserving the family fortune
For protection from family members