The Republic of Mauritius is a state with a favorable and developed investment microclimate, which is conducive to doing business and creating companies in this jurisdiction. Some of the main reasons for setting up a business in Mauritius include the favorable tax system and free repatriation of profits for foreign entrepreneurs, as well as the fact that the jurisdiction has recently been recognized as having some of the highest financial standards in the world. To provide trust services locally, you must obtain a permit such as trust license Mauritius. Below we will look at the main nuances of this procedure and the benefits that Mauritius can bring to an entrepreneur.
Our team is made up of professional lawyers with extensive practical experience who have been working in the field of establishing and licensing businesses for many years. We offer quality professional trust services Mauritius and full corporate support. We also have an extensive inventory of ready-made trusts for sale around the world.
Trusts in Mauritius: establishment, licensing and further operation
Mauritius is an ideal technologically advanced center for creating and conducting trust business, especially for foreign corporations. A foreign investor must adapt to local Mauritius trust law when deciding to set up a trust firm, but there is no need to go through complex procedures when setting up a company.
A typical trust fund is used to provide services in matters of succession and estate planning, oversight of private wealth and development of strategies for private asset ownership. Trust structures in Mauritius allow capital owners and managers to direct investments to, among other places, Africa and Asia. A trust can be established in Mauritius as one of the following business forms.
- Global Business Company is a foreign company that carries out its business activities in Mauritius. This organizational form has additional tax benefits, making it a cost-effective corporate tool for global tax planning.
- An offshore company whose commercial shares, control and management are located and exercised outside Mauritius. This form is also popular among foreign investors for tax optimization purposes.
- A limited liability company registered in a jurisdiction.
Both foreign companies and individuals can register an organization in Mauritius. To obtain trust license Mauritius, it is necessary to collect a certain package of documents and bring the company into compliance with the norms and standards, trust law in Mauritius. There are no minimum capital requirements; in addition, Mauritian legislation allows for 100% foreign ownership.
So, how to get trust license in Mauritius? The applicant must provide the following information to obtain a license.
- Confirmation of company registration.
- Personal data of founders, owners and managers. Firms are required to appoint a minimum of one director, who can be an individual or a legal entity. The minimum number of shareholders is one. Any change regarding the owner/beneficiary of the company must be notified to the Mauritius Financial Services Commission within one month.
- Confirmation of the presence of a corporate account.
- Business plan and development strategies.
- Internal policies to ensure the safety and security of client funds.
- Address of the company’s registered office.
- Phone number and email address.
According to trust license requirements Mauritius, process of obtaining a professional permit consists of the steps presented below:
- reserving a commercial name and preparing constituent documents for the company;
- business registration;
- opening a company bank account into which funds will be deposited to support its activities;
- registration with the Commercial Register and Tax Administration;
- submitting a package of documents and a completed trust license application Mauritius to the regulatory authority.
Trust license fees Mauritius required to pay range from 1.5 thousand euros. After receiving this permission, trust companies are required to appoint a responsible officer to maintain financial records and reflect the financial position of the business.
Our company is ready to offer you comprehensive consulting and practical support in obtaining this type of permit. We are focused on achieving the most effective results for our clients. We also help in opening a trust in Luxembourg, Denmark, France, Germany, Portugal and other countries.
Advantages of a trust license in Mauritius
Mauritius offers many benefits and privileges for entrepreneurs, including those listed below.
- Possibility of 100% foreign ownership for companies.
- Political and economic sustainability.
- A market favorable for investment and large-scale business development.
- A wide network of agreements with other states on the promotion and protection of investments.
- Qualified bilingual workforce (English and French).
- Wide range of banking services with the presence of international banks.
- Strategic location.
- Loyal income tax for individuals and legal entities at a rate of 15%.
- Free repatriation of dividends, capital and profits.
- An effective government program to reduce risks for investors.
- Any type of information about beneficiaries, employees, shareholders, directors and officers is not available to the public.
By using the professional services of our specialists, you can protect yourself from possible refusal to obtain a permit, and also significantly speed up the process of starting a business. Trust license cost Mauritius depends on many third-party factors and is calculated individually by our managers before the start of cooperation.
Our firm provides comprehensive Mauritius trust services and other jurisdictions. Our many years of experience, extensive background knowledge and the desire to keep abreast of any changes and innovative developments give us the opportunity to be reliable allies for our clients. We have an extensive list of ready-made trusts licensed in Hon Kong, Tokyo, Peru, the USA, Europe and around the world. Contact us for a preliminary consultation.