Foundation
A Foundation is a vehicle designed to bring flexibility in the existing Mauritius corporate sphere and may be used to carry on or undertake any business or activity in or outside Mauritius, entering into any transactions and holding assets or for private wealth management and estate planning by high net worth individuals. Foundation in Mauritius are governed by the Foundation Act 2012.
A Foundation may be set up to achieve both charitable and non-charitable objects and can be either to benefit a person or class of persons or to carry out a specified purpose. It acts through its council, which is the body in charge for the administration of the Foundation’s assets and the attainment of its objects.