(PART OF THE ASIACITI GROUP)
Synopsis:
The Offshore Trust Act 1992 (as amended) ("the Act") provides for the registration of offshore trusts including protective and discretionary trusts, charitable trusts, asset protection trusts, foreign trusts, purpose trusts, trading trusts, and unit trusts. The Act defines an offshore trust as a trust in respect of which (a) the settlor is not at any time in the trust's duration a resident of Mauritius, (b) at all times there is trustee resident in Mauritius, and (c) the trust property does not include any moveable or immovable property in Mauritius.
Registration of an Offshore Trust:
In order to avail of the benefits of the Act, an offshore trust must be registered with the Mauritius Offshore Business Act Authority ("MOBAA"). Application for registration is made by the resident trustee who must declare that the trust qualifies as an offshore trust as defined under the Act, and that the trust property does not include any immovable
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
