When it comes to the family office set-up in Mauritius, there is no one-size-fits-all solution. The right family office set up for you will depend on your unique circumstances, goals, and preferences. 

There are a few key factors to consider when choosing a family office setup. These include the size of your family, your investment goals, the level of involvement you want in the management of your family office, and the number of resources you are willing to commit.

What types of Family Offices are there?

There are two main types of family offices:

1. Private.

This is a trust set up in Mauritius for your own family’s needs and may offer services to other families or individuals.

1. Public.

This is a company that provides services to multiple families or individuals, either on a subscription basis or by having each family pay separately for their own use of the services.

What are the benefits of a Family Office?

Here are some benefits:

1. Convenience –

With a family office, you don’t have to worry about keeping track of your finances or making sure that your investments are managed properly. The family office takes care of everything for you.

1. Efficiency –

Because there’s only one organization handling all aspects of your financial needs, there’s no need to call multiple companies when you want something done. You can simply call your family office and ask them to handle it for you. This saves time and money in the long run because it cuts down on unnecessary phone calls and visits to different locations (which may be inconvenient).

1. Professional Advice –

Family offices often have access to top-notch advisors who can offer professional advice on anything from taxes or estate planning to retirement planning or asset management strategies, whatever you need!

Factors to consider when choosing a Family Office set-up

When you are in the process of a family office set up in Mauritius, there are a number of factors that you need to consider. These include:

The size of your family. If your family is large and has many members, then it may be difficult for them to manage their money by themselves. This is one reason why many people choose to have a family office set up to help them with their finances.

The type of business you want to run. If your family has a business that they want to run, then it is important that they get the right kind of accounting and tax services so that they can make sure that everything runs smoothly and efficiently.

Related Source: Incorporation of Companies and Trusts Mauritius , Family Office Setup Mauritius