Discretionary Trust
A Discretionary Trust in Mauritius is a flexible type of Trust mainly used in wealth protection and tax planning. It is established by a settlor who settles assets on trust to achieve the objects of the trust.
How BTG can assist
- Advice on structuring
- Drafting of Trust instrument and other related documents
- Establishment of the Trust
- General Administration of the Trust
- Provision of Registered Office
- Provision of Qualified resident Trustee
- Assistance with opening and
administration of bank account - Regulatory compliance
- Ensure records including account
records are in place
How a Discretionary Trust works
Key Features
When can a Trust be established?
A Trust can be established during the settlor’s lifetime or by means of a will.
What can a Trust be used for?
The objects of a Trust may be:
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Charitable or non-charitable, or both
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For the benefit of a person or a class of persons
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To carry out a specified purpose, or both
Does a Trust need to be registered in Mauritius?
- No, there is no obligation to register the Trust with the Registrar of Companies in Mauritius.
How is a Trust taxed in Mauritius?
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If the central management and control is outside Mauritius, the Trust is treated as non-resident for tax purposes and is taxed only on Mauritius-sourced income.
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A Trust that is resident in Mauritius is taxed on its worldwide income.
Who can be a Trustee?
At least one Trustee should be a Qualified Trustee, which can be:
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A management company
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Any other person resident in Mauritius, as authorised by the Financial Services Commission
What are the key compliance requirements for a Trust in Mauritius?
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Must have a registered office in Mauritius
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Must keep records, including accounting records, in Mauritius
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Third parties can only access records with permission from the Trustee and Protector (if any)
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Confidentiality requirements are enshrined in law
What are the common uses of a Trust?
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Investment Holding: Owning property, shares, bonds, aircraft, ships, and other growth assets
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Family Office Holding: Owning family office companies and investments
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Estate & Succession Planning
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Special Purpose Vehicles
Main Contact
Pravesh Heeroo
Business Development Specialist
Meet the rest of our Team
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