A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person. One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has entrusted funds to the fiduciary for safekeeping or investment. Likewise, asset managers- including managers of pension plans, endowments and other tax-exempt assets- are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice or protection is sought in some matter. In such a relation good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts.
Europlaw Group has established a private trust in Mauritius to provide fiduciary services to our international clients and high net worth individuals.
Mauritius has one of the most efficient and transparent legal and regulatory systems and a low and unified tax regime, no exchange control, no withholding taxes and no capital gains tax on disposal of investments make it a good place to do business from.
Mauritius has gradually established itself as an International Financial Centre of substance based on its adherence to international rules of governance, norms and best practices.
Mauritius is regularly earning positive reviews from organisations like FATF and IOSCO and is a white listed jurisdiction by the OECD.
The island republic has signed many treaties, Double Tax Avoidance Agreements and Investment Promotion and Protection Agreements with many African countries and other countries globally.