Family Office
Family Office
What is a Family Office?
A Family Office is an investment and wealth management structure designed specifically for high-net-worth families. Its primary goal is to preserve, grow, and efficiently transfer wealth across generations, ensuring long-term financial stability and legacy planning.
A Family Office may be structured as follows:
- A company limited by shares
- A company limited by guarantee
- A société
- A Trust
- A Limited Liability Partnership (LLP)
- A Protected Cell Company (PCC)
A Family Office may indulge in the following activities:
- Investment Management
- Asset and Estate Management
- Managing of household employees
- Making travel arrangements
- Management of concierge services
- Accounting, taxation and payroll services
- Provision of administrative support
- Management of philanthropic activities
- Training and development of new generations
- Compliance services with domestic and international legislations
- Risk management and disaster recovery planning
- Establishment of family governance, wealth strategies, family board including family charter
- Advice on wealth planning and protection
A Family Office can only deal with family members of the individual.
The definition of "family" is very broad and the following categories of persons can be classified as "family":
- Spouse
- The descendants of the individual and their spouses
- Parents, including step-parents
- Grandparents
- Parents-in-law, including step-parents-in-law
- Brother, step-brother, sister, step-sister and their spouses
- Spouse’s grandparents
- Spouse’s brother, step-brother, sister, step-sister and their spouses and children
- Parent’s brother, step-brother, sister, step-sister and their spouses
- Children of the brother, step-brother, sister or step-sister of the individual’s parents, both present and future, including stepchildren, and their spouses
- Children of the individual’s brother, step-brother, sister or stepsister, both present and future, including step-children, and their spouses.
There are 2 types of Family Offices that can be set up in Mauritius:
- Single Family Office
- Multiple Family Office
Single Family Office |
Multiple Family Office |
Minimum professional employees resident in Mauritius |
1 |
3 |
|---|---|---|
|
Assets under management |
USD 5 million |
USD 5 million for each family office |
|
Physical office required in Mauritius |
p |
p |
Incentives
- Tax residency in Mauritius
- 5 years tax holiday on income generated by the Family Office
- Residence permit for family members
- Eligible to acquire real estate in Mauritius
Set Up Your Family Office in Mauritius with Aacapital
AAcapital provides expert assistance in setting up your Family Office in Mauritius. Our team will guide you through the entire process, ensuring your wealth management structure is tailored to your family’s needs and long-term goals.
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