The Mauritian Foundations Act (“the Act”) was brought into force on 1 July 2012 and is governed by the Foundation Act 2012.

A Foundation is a separate legal person consisting of a Founder, a Council, with the possibility of a Protector or other supervisory persons and Beneficiaries. A Foundation is a contractual arrangement, without fiduciary duties to the Beneficiaries. The existence of this new wealth management product along with the many structuring opportunities that it accompanies is likely to be of considerable interest to a wide variety of clients. By way of a Foundation, foreign investors would be able to reap the benefits of this vehicle to benefit from the large scale of double taxation treaties to which Mauritius is a party since Foundations are eligible to apply for Global Business Company Licence.