Fairfield Trustees Ltd is licensed by the Financial Services Commission to provide corporate trustee services. It is staffed by experienced, trusted and committed professionals. The directors and managers are Fellows of the Association of Chartered Certified Accountants (ACCA) and members of Society of Trust and Estate Practitioners (STEP). They qualified and trained in London and their post qualification experiences to date cover tax consulting and trust business.
This is where assets are transferred to trustees for them to undertake investment according to a particular investment strategy.
A Mauritian trust can be an efficient vehicle in the international planning of income and capital taxes be it during the settlor’s lifetime or at his death. In lieu of a Will, where inheritance or death taxes would become payable, the use of a Mauritian trust will reduce/mitigate such taxes.
Trusts are not taxable in Mauritius if they are declared to be non-resident for tax purposes. Distributions received by non-resident beneficiaries are also exempt from tax. Please contact us for more details.
An individual (the settlor) may want to provide for the future security of his wife, family and loved ones. The trust replaces the use of a 'Will' which takes effect only on the death of the testator. Moreover, no forced heirship rules and laws of succession are applicable to a trust having the Trusts Act 2001(the Mauritian law) as the governing law.
The Trust Act 2001 also allows for the Declaration of trust where the names of settlors are not included in the Trust Instrument for reasons of confidentiality. Settlors can either vest the title of the assets to the trustees directly or transfer all the assets in a company, the shares of which are issued to the trustees.
The Trusts Act 2001: some appealing features