Set up a foundation in Mauritius to structure your assets and benefit from numerous advantages. A detailed understanding of your personal situation forms the basis for our wealth structuring solutions via a foundation. Therefore, we can tailor our solution to meet your specific objectives.
We can assist in the following:
Foundations in Mauritius are governed by the Foundations Act 2012. The Registrar of Companies is responsible for supervising and managing them (ROC). There are a number of reasons why you may consider organising your assets through a foundation in Mauritius. Here are the main features of a foundation:
Like trusts, limited partnerships and conventional structures and administrations, a foundation is an appropriate vehicle for wealth management, estate planning, charitable and non-charitable activities, as well as for trading.
Foundations are required to maintain proper books of account and records at their registered office in Mauritius. Foundations have both the characteristics of a trust and the legal personality of a company;
Like the settlor of a trust, the founder of a foundation contributes property and/or assets to the newly created foundation. In accordance with the principles of the Charter, it may also have beneficiaries (just like a trust);
A Board manages the affairs and administers the assets of the foundation, just as a Board of Directors manages a company.
In addition, a foundation can be set up to achieve charitable and non-charitable objectives, it can benefit a person or a class of persons, or it can achieve specific objectives defined in the Charter.
Clients in civil law countries who are not familiar with the trust concept may find it attractive to structure their assets through a foundation.
StraFin Corporate Services Ltd is legally authorised to act as a qualified company secretary under the Foundations Act 2012.