The Foundations Act 2012 introduced Foundations to the list of attractive wealth management structures offered by Mauritius. Foundations are regulated by the Registrar of Companies (ROC). A foundation is created by transferring ownership of the assets to the Foundation by the founder(s) to achieve a specific purpose.
A Foundation may be set up to achieve both charitable and non-charitable objects and can be either to benefit a person or class of persons or to carry out a specified purpose. It acts through its council, which is the body in charge for the administration of the Foundation’s assets and the achievement of its objects. A Mauritius Foundation can opt to apply for a Global Business Licence, entitling it to the benefits of Global Business status, including access to the extensive network of Double Taxation Avoidance Agreements.
Foundations are most commonly used for charity, wealth management, succession and inheritance planning and general asset-holding purposes.
Preservation of assets:tax
efficiency, succession laws,
forced heirship rules, probate
& other hurdles are avoided.
No forced heirship