Mauritius offshore trusts are legal structures used for asset protection, inheritance planning and wealth management purposes. The key point of the concept is the separation of legal and beneficial ownership: i.e. the property is legally owned by the trustees but is held and administered for the benefit of the beneficiaries or for a purpose.
Essentially, property or assets, whether tangible or intangible, are transferred by the settlor of the trust to the trustees, in accordance with terms set out in a trust deed, for the trustees to hold and administer for and on behalf of specified beneficiaries or for specific purposes.
Mauritius trust law allows for the formation of life interest trusts, discretionary trusts, fixed interest trusts, purpose trusts, charitable trusts, protective trusts, asset protection trusts.
