Private Trust Company

Private Trust Company

A Private Trust Company (PTC) offers an excellent framework for safeguarding family assets while maintaining control as the Trustee. Establishing a PTC in Mauritius is particularly advantageous for wealth management, providing High-Net-Worth Individuals with a secure, flexible, and beneficial environment for asset structuring.

Features of a Private Trust Company in Mauritius

Whilst there are no definite legislation in Mauritius for the Private Trust Company, the Financial Services Commission (FSC) has declared that where a Private Company acts as a Trustee for a specific number of Trusts for the benefit of a family, rather than offering its services to the public, it will not be considered as carrying out Trust business in Mauritius. Thus, given that it meets certain safeguards, it will not be mandatory to be licenced as per the Financial Services Act 2007 as a Corporate Trustee.

The features of the Mauritius Private Trust Company regime include:

  • appointment of a duly licenced Management Company to carry out its Trust administration services and as Company Secretary;
  • to abide by the standards of the Financial Services Commission;
  • needs to meet the following standards:
    • limit its activities to that of Private Trust business services;
    • offer its Private Trust business services uniquely to connected persons;
    • not trust business from, or deliver trust business services to, the public;
    • assign a duly licensed Management Company to deliver its Trust administration services concerning any express Trust to which it is a Trustee, certain Management companies can also include asset management services;
    • appoint the Management Company as Company Secretary; and
    • comply to the AML/CFT Framework.
  • must forthwith notify the Financial Services Commission of any change in the nature and scope of its private trust business; and
  • must provide to the FSC, on a yearly basis or upon request, a list of trusts for which it acts as private trustee.

How can Renesis Help?

With our extensive expertise in Private Trust Company structures, we can assist you in establishing and managing a Trust. Renesis Financial Services Ltd is authorized under the Trusts Act 2001 to act as a qualified Trustee and provide necessary administration services for your Private Trust Company. Our offerings include:

  • Setting up your corporate structure
  • Advising to achieve your professional goals
  • Providing daily business and corporate administration services
  • Offering accounting and tax advisory services

Contact Us

Have a question about our services or ready to expand your business horizons?

+ 230 212 97 36