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Mauritius Foundations Act: Laying the foundation

July 2012 Sameer K. Tegally

The long-awaited Foundations Act 2012 (the “Act”) was enacted by the Mauritius National Assembly in June 2012 and came into force on 1 July 2012. This new piece of legislation sets out the legal framework for the registration of foundations in Mauritius, adding to the existing suite of global financial service laws, including trusts. It is expected to attract substantial business opportunities from global investors, high-net-worth individuals and philanthropic organisations operating from civil law (including Islamic law) countries where the common law trust concept may not be that familiar or palatable.

 

To continue reading full articles in PDF format:
Mauritius Foundations Act: Laying the foundation

 


Sameer K. Tegally
Partner

Venture Law Ltd | Mauritius   +230 404 9908


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Alerts

Mauritius Foundations Act: Laying the foundation

19 July 2012 Sameer K. Tegally

The long-awaited Foundations Act 2012 (the “Act”) was enacted by the Mauritius National Assembly in June 2012 and came into force on 1 July 2012. This new piece of legislation sets out the legal framework for the registration of foundations in Mauritius, adding to the existing suite of global financial service laws, including trusts. It is expected to attract substantial business opportunities from global investors, high-net-worth individuals and philanthropic organisations operating from civil law (including Islamic law) countries where the common law trust concept may not be that familiar or palatable.

 

To continue reading full articles in PDF format:
Mauritius Foundations Act: Laying the foundation

 


Sameer K. Tegally
Partner

Venture Law Ltd | Mauritius   +230 404 9908


 

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