Mauritius Foundation

• The one who funds and creates the Foundation
• Minimum 1
• May be individual or corporate body
• May either be a Protector or Council member
• Maybe a Beneficiary

• The Council Members manage the foundation’s affairs, ensuring that its charter objectives are met
• Minimum 1
• At least 1 member must be Mauritius resident
• May be a Founder or Beneficiary
• May not be a Protector

• Optional, may be appointed to oversee compliance with the Founder’s intentions
• Cannot be a member of the Council
• May be a Founder or Beneficiary

• A natural or legal person who is entitled to receive an amount of the Foundation in accordance with the Charter or the By-Laws
• May be a Founder, Council Member Or Protector

Yes, a Foundation must appoint an approved local registered agent.

Required to be maintained and submitted to the registered agent.

• A foundation deemed non-resident in Mauritius if its central management and control takes place outside of Mauritius.
• The determining conditions for a foundation to be considered to have its central management and control outside of Mauritius include:
  • the founder is not resident in Mauritius; and
  • a majority of beneficiaries appointed under the terms of the charter are not resident in Mauritius
• A foundation that throughout an income year is non-resident, shall be liable for tax solely on its Mauritian sourced income (if any); no tax will be applicable on foreign-sourced income for non-resident foundations.

Foundations are required to submit an annual income tax return to the Mauritius Revenue Authority six month after its financial year end.

Approx 4-5 days subject to compliance approval

Annual Renewal is due on the anniversary date of incorporation. Registry fee is payable every January.