Foundation

A foundation, in the broadest sense of the term, is a legal entity that does not have members and that has its own organization and whose purpose is to accomplish specific objectives. It is constituted when the founder wishes to transfer his assets so that it becomes the property of the foundation.

In addition to having a legal personality, a foundation has a flexible management like that of a company. Foundations are governed by the Foundations Act 2012 and the Foundation council is the administrative arm of the Foundation.

A foundation in Mauritius offers the opportunity to legitimately protect assets/wealth against personal liability, high taxes, exchange control or the risk of confiscation.

Key Requirements:

- • A Mauritius Foundation is required to be registered and issued with a certificate of registration by the
- Registrar of Companies.
- • A Mauritius Foundation is required to have a Qualified Secretary resident in Mauritius duly regulated by the
- Mauritius Financial Services Commission (FSC) and a member of the Foundation Council who is ordinarily
- resident in Mauritius.

Our professional services to Foundations:

- • Application for Mauritius Foundation.
- • Due diligence on all parties (Founder, Protector, and Beneficiaries)
- • Drafting and execution of the Foundation’s constitutive document –‘the Foundation Charter’.
- • Filing and Registration of the Foundation Charter with the Registrar of Companies