Trusts are legal structures used for wealth management purposes and under Mauritian laws, such structures are mainly governed under the Trust Act 2001 and the Income Tax 1995. The settlor of the trust transfers property or assets to the trustees, as per the terms laid out in a trust deed, for the trustees to hold and administer for and on behalf of beneficiaries.
Private: including discretionary, accumulation and maintenance, life interest and fixed interest trusts.
Corporate: including pension and employee benefit trusts.
Charitable: solely for the benefit of charitable organisations.
Purpose: trusts with no beneficiaries that are established for purposes that are certain, reasonable and possible
Renesis as a qualified trustee as per the Trust Act and provides trusteeship services which includes:
Preparation and Review of Trust Deed
Keeping of accounting records relating to the entire structure
Preparation of the trust financial accounts
Preparation of trust instruments/other documents relating to the trust(s)
General administration of the trust and trust assets