Trust Services

JurisTax has intensive experience in the setting up and administration of trusts.

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.

Living Trust
Mauritius Trust

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

Establishing Trust
Use of Trust

USE OF TRUSTS

  • For Tax planning

  • For asset protection purposes

  • For confidentiality

  • For the protection of minor’s rights

  • For the protection from potential creditors

  • For preserving the family fortune

  • For protection from family members

TYPES OF TRUSTS

Asset Protection Trusts

The settlement of assets in a trust has become an important part of long term wealth management. A trust has been traditionally viewed as being used primarily for family inheritance planning. Asset protection trusts can also provide continuity in ownership of assets by:

  • Providing protection against aggressive governments;

  • Providing against forced heirship rules;

  • Providing for the maintenance of a spouse and education of minor children; and

  • Avoiding or mitigating inheritance taxes.

  • An asset protection trust can also be used to shelter assets from any type of future claim including creditors’ claims or claims in a divorce settlement and judgment.

Asset protection trusts can hold all types of assets ranging from real estate to intellectual property.

Have questions about this service? Check out our FAQ section here.

Click Here