The government allows the incorporation of companies and trusts in Mauritius for various reasons, provided they are duly registered. Technically, the process of starting a company differs from that of incorporating a trust because they’re separate entities.

Kindly pore over this write-up to understand this exhaustive procedure well.

Steps for Successful Incorporation of Companies and Trusts in Mauritius

Here are the primary steps for registering a new company in Mauritius in 2024.

Online registration

A company owner must submit an official application via the Mauritius government’s website to incorporate a company. Usually, the form requires you to submit crucial information like company name, physical address, and directors’ details.

Form submission

Secondly, attach the company’s constitution (optional) and a signed consent form to confirm that all the directors have accepted their proposed responsibilities. Please attach additional documents like reservation certificate, resident permit (non-citizens), and director’s address for faster application processing.

Finally, submit your filled form to the registrar of companies, for processing.

What’s the Procedure for Trust Set-up in Mauritius Today?

We will break down the process of trust set up in Mauritius well for easier comprehension.

Register the trust

Step one involves registering the trust with the Mauritius registrar if one pleases.

Trust deed preparation

Secondly, the law requires the settlor to create a trust deed, detailing the rights of each trustee. Further, the responsible official must ensure that the trustee(s) and settlor sign this document.

Legal control transfer

Step 3 involves delegating legal control from the settlor to a selected team of trustees. The law demands that the trustee manage the assets per the stipulated terms and conditions in the signed trust deed.

Usually, the settlor loses the right to invalidate the trust even when they file for bankruptcy. However, a court order can quash the trust, resulting from verified participation in illegal activities.

Requirements verification

Mauritius government requires each trust to have a maximum of four (4) trustees lest they won’t register it. Additionally, the relevant officials must confirm that one of the members is a licensed trustee by the relevant body (FSC).

Finally, the official will confirm if your trust has a protector who will advise, correct, or remove a trustee.

Closing Words

Lastly, potential investors should know that the procedure for incorporation of companies and trusts in Mauritius is straightforward. Additionally, the government allows citizens and non-residents to start companies or trusts, provided they follow the lawful procedure.