Trust specialises in the set up and administration
of Offshore Trusts and ITL Trustees Ltd, a wholly owned
subsidiary, has been licensed as a Corporate Trustee
by the Mauritius Financial Services Commission.
Offshore trusts are legal structures
used for wealth management purposes. Essentially property
or assets are transferred by the Settlor of the Trust
to the Trustees, as per the terms laid out in a Trust
deed, for the Trustees to hold and administer for and
on behalf of specified beneficiaries. The essence of
the concept is the separation of legal and beneficial
ownership: i.e. the property is legally owned by the
Trustees but is held and administered for the benefit
of the beneficiaries. (This often has the benefit of
circumventing anti-avoidance tax legislation normally
passed by high tax countries.)
features of Mauritius Offshore Trusts:
Mauritius has very advanced Trust Law
and provides for the formation of life interest trusts,
discretionary trusts, fixed interest trusts, purpose
trusts, charitable trusts, protective trusts, asset
protection trusts etc.
Other important features of Mauritius
Trust Law include:
- Offshore Trusts are not required to pay tax in
- Trusts are not required to be registered in Mauritius.
There is also no requirement for the Trustees to
disclose the identity of the beneficial owners to
any authority. *(Under exceptional circumstances,
a trustee may be required to give confidential information
to authorisedpersons under anti-money laundering,
prevention of terrorism or prevention of corruption
legislation or under the Financial Services Development
- There are no Government or statutory fees for
- Trusts in Mauritius have a 99 year perpetuity
- The forced heirship rules of other states will
not be enforced by Courts in Mauritius.
- A Trust may only be declared void by a court
of law where the creditors of the settlor can prove
beyond reasonable doubt that the intention of the
settlor in creating the trust was to defraud existing
creditors. No action may be brought by the creditors
more than two years from the transfer of assets
into the trust.
- Appointment of Protector is permitted.
- Offshore Trusts are accordingly excellent tools and are normally
used for tax planning, estate planning or asset
protection purposes. Please contact us should you
require further information or advice on the setting
up of an offshore trust.