Trusts
Safeguard your Assets!
TRUSTS
A Trust is a legal arrangement where one person (the Settlor) transfers his assets and wealth into a fund (the Trust Fund) and gives the management to another body (the Trustee) to be held on trust for the benefit of named beneficiaries which can include the Settlor.Mauritius Trusts are governed by The Trusts Act 2001. The said Act imposes a strict duty of confidentiality on trustees and except where ordered by the Court or Judge in Chambers, a trustee shall keep as confidential and shall not disclose information or documents to any person not legally entitled to it.
WHY MAURITIUS
A Trust is a legal arrangement where one person (the Settlor) transfers his assets and wealth into a fund (the Trust Fund) and gives the management to another body (the Trustee) to be held on trust for the benefit of named beneficiaries which can include the Settlor.Mauritius Trusts are governed by The Trusts Act 2001. The said Act imposes a strict duty of confidentiality on trustees and except where ordered by the Court or Judge in Chambers, a trustee shall keep as confidential and shall not disclose information or documents to any person not legally entitled to it.
Discretionary Trust
Purpose Trust
Charitable Trust
Asset Protection Trust
Trust For The Benefit Of Employees
KEY FEATURES TRUSTS
There is no mandatory requirement to register the trust with the regulatory authorities in Mauritius, which protects the confidentiality of clients. However, a trustee may register the trust with the regulatory authorities to receive what is called a “date certaine”, i.e. registering when the trust was created. Only the trust deed is required and is registered with the Registrar General. Private Trust Company (PTC) is permissible in Mauritius for high net worth individual (HNWI). The PTC, which can either be set up as Category 1 Global Business Licence (GBC1) or a Category 2 Global Business Licence (GBC2),shall act as trustee of the assets of HNWI that would be settled in a trust or a number of trusts.
TRUSTS CAN BE USED TO
Safeguard Assets
against Bankruptcy
Inheritance and
Succession Planning
Rearrange Beneficial
Ownership of Assets
Avoid Inheritance
Laws in the Country
of Residence
Accumulate Income
and Protect Assets
Manage Pension
Funds and Investments
Provide for
Charitable Giving
TESTIMONIALS
Our experience with Sphere has been incredible. Despite our being a relatively small fund, their team has been consistently responsive & proactive, amazingly helpful and, most importantly, patient and flexible. Access to their network has been worth its weight in gold. We are grateful to the Sphere team for all they have done and continue to do.
With Sphere, I am in safe hands… I can go on holidays now..
Being in the Financial Services for over 40 years, I have seen a trend where Big Institutions are more concerned about profits than their valued clients. It is therefore pleasing to evidence outstanding service from Sphere. I am most impressed with your service.
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