Typically, a Foundation is mid-way between a Trust and a company. Unlike a Trust, a Foundation, governed by the Foundation Act of 2012 has a legal personality of its own.

A Foundation can hold assets, conduct business, and make charitable donations, all while maintaining a separate legal identity from its founders. Foundations are appealing to clients from civil law countries who may not be familiar with the concept of trust.

A Foundation can have one or more beneficiaries, who can be individuals or charities, and is managed by council members (Councillors), guided by a Foundation Charter, and Foundation Articles (optional). There must be at least one resident Councillor and a resident qualified Secretary at all times.

Foundations are not required to have a minimum amount of assets or capital and can be established for both private and public purposes.

It is also possible to migrate a migration established abroad to Mauritius and vice versa. Upon winding-up, the assets of a Foundation are transferred to the Beneficiaries as provided in its Charter or Articles.

Key Services

• Drafting of Foundation Charter
• Acting as secretary of the Foundation
• Organise council meetings and drafting of minutes and resolutions
• Opening of bank accounts
• Registration of Foundation as charitable institution with Tax Authorities (if required)
• Application of GBL licence with the Financial Services Commission
• Assist in annual regulatory inspection of the Foundation by Authorities
• Accounting services
• Any other related services