Private Trust Company

What is a Mauritius Private Trust Company?

A Private Trust Company (PTC) is a company formed to act as a trustee to a limited number of trusts, either for the benefit of a single family, or for the benefit of different branches of a family or for distinct (but related) family groups. The administration, investment management services or investment advice required in connection with the trusts is outsourced to licensed service providers. In Mauritius, a PTC takes the form of a Global Business Company, which would hold either a Category 1 Licence or a Category 2 Licence. The operation of a PTC is a private trusteeship arrangement whereby:

• a high net worth individual (HNWI) sets up a company (known as a PTC) that will act as a trustee in respect of his own assets that would be settled in a trust or a number of trusts;