The Mauritius International Financial Centre (“MIFC”) remains focused in continuously upgrading its regulatory infrastructure to provide a safe, efficient and world-class experience to the global users of the MIFC.
Ever since the enactment of the Trust Legislation nearly two decades ago and the Foundation Act in 2012, the MIFC has been ceaselessly enhancing its offerings to the global High Net Worth/ Ultra High Net Worth (HNW / UHNW) community.
The innovative private wealth offerings of the MIFC through a combination of legislative flexibility and fiscal incentives have allowed a successful integration of the HNW / UHNW community into the economy through real estate schemes, work/ retire and live schemes, investment schemes as well as business facilitation incentives.
The MIFC has continued its innovation streak in this niche by launching in 2016 the family office licence through the Overseas Family Office (Single) (“SFO”) Licence and the Overseas Family Office (Multiple) (“MFO”) Licence. The Financial Services Commission (“FSC”), in line with its objective to enhance the reputation of Mauritius as an International Financial Centre and ensure sound conduct of business in the financial service sector, has published the Financial Services (Family Office) Rules 2020 (effective as from 7 of March 2020) to regulate the activity of family offices in the MIFC.
Processing fee (USD) | Fixed Annual fee (USD) | |
Single family office | 2,500 | 5,000 |
Multiple family office | 5,000 | 10,000 |
Sanne can assist in the structuring and operations of your SFO and MFO by offering you:
We would be delighted to speak with you to discuss how Sanne can assist.