Mauritius Trusts:

Mauritius Offshore Trusts are set up under the Trusts Act 2001 (they used to fall under the Offshore Trusts Act 1992); the regime for trusts is based on English common law. Offshore trusts are subject to the following conditions: The settlor must not at any time be a resident of Mauritius, although an offshore company can be a settlor;

At least one trustee must be resident in Mauritius; offshore companies (which are deemed to be resident) can be trustees if authorised by MOBAA; Trust property must not include real property situated in Mauritius. Trusts pay a one-time registration fee of $250; there are no disclosure or annual reporting requirements.

The Trusts Act 2001 incorporates a thorough modernisation of Mauritian trust law which is fully described in Offshore Law.

Version date: 07.05.06