Family Offices and Multi-Family Offices

In Mauritius, ‘Family Office Services’ are structured either as Single- Family Office (“SFO”) Licence or Multiple Family Office (“MFO”) Licence which are delivered by the Financial Services Commission (“FSC”) under section 14 of the Financial
Services Act 2007.

A “SFO” is a licence to manage investments, assets and estates of a Single Family
A “MFO” is a licence to manage the investments, assets and estates of Multiple Families, who are not necessarily connected to one another

Key points why having a SFO / MFO in Mauritius?

Purpose-built FO regime

Mauritius has explicit Family Office Rules (2020) with clear SFO/MFO licensing, scope of services (investment/estate administration, governance, concierge, philanthropy, tax & risk support), and AML/MLRO requirements—so you operate in a defined, regulator-backed framework rather than a grey area.

No exchange controls

Capital can move freely in and out; exchange control was abolished in 1994 (IMF Article VIII adoption).

Network effects

Mauritius offers ~46 Double Taxation Agreements plus Investment Promotion/Protection Agreements, useful for cross-border allocation and treaty access.

Flexible structuring toolbox

Besides ordinary companies/LPs, you can ring-fence strategies and co-investments under Protected Cell Companies (PCCs) or Variable Capital Companies (VCCs)—increasingly used for MFO “multi-sleeve” platforms and SPV stacks.

Trusts & Foundations on tap

Civil-law families can use Foundations; common-law families can use Trusts (or both) for succession, asset protection and governance under modern statutes.

Gateway time-zone & talent

Bilingual (EN/FR) professional ecosystem, robust legal system (hybrid civil/common law) with Privy Council as final court of appeal, and GMT+4 bridging APAC/Europe trading days.

Relocation & presence made easier

Options include the Premium Visa for long stays and well-documented Occupation/Residence routes—helpful for principals who want real substance on island.

Tax-holiday incentives for FOs

Qualifying SFOs/MFOs that meet substance thresholds (people, office, spend, AUM) can access a tax holiday (extended in policy from 5 to 10 years)—verify at application time but this is now widely referenced and promoted for licensed FOs.

Activities a Single Family Office / Multiple Family Office can carry out

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

As a general rule

All Family Offices (“FO”) may be structured either as a Domestic entity or as a Global Business Licence (“GBL”). The “FO” acts as the guardian of assets and financial affairs of the high net-worth clients. The structure may be as follows:

Company limited by shares;
A company limited by guarantee;
A Société;
A Trust;
A Limited Liability Partnership;
A Protected Cell Company; or
Any other legal form approved by the FSC.

Key features of a Family Office

The family office, whether it is an MFO or SFO may be

(1) wholly-owned by family clients; and
(2) exclusively controlled by family members/family

Value

The value of the assets and/or investments of each family under SFO or MFO management must be more than USD 5 million

MLRO

Each family office shall, at all times, have a designated Money Laundering Reporting Officer and a Deputy Money Laundering Reporting Officer approved by the Regulator.

Capital

A Family office (Single) shall, at all times maintain a fully paid minimum stated unimpaired capital of at least USD 35,000 while a Family office (Multiple) shall, at all times maintain a fully paid minimum stated unimpaired capital of at least USD 70,000.

How Renesis Financials can help in a Trust in Mauritius?

At Renesis Financials Services Ltd, we provide end-to-end solutions to set up and operate Single-Family Offices (SFOs) and Multi-Family Offices (MFOs) in Mauritius. Our services include:

Licensing & Setup: Preparing and filing the family office licence, business plan, and core policies.
Corporate Structuring: Incorporation of the FO entity and SPVs, with options like PCC/VCC for ring-fencing in MFOs.
Governance & Compliance: Board support, AML/CFT (KYC, screening, MLRO support), compliance calendars, and regulatory filings.
Economic Substance & Office: On-island staff recruitment, payroll, office setup, and ongoing substance tracking.
Banking & Custody Onboarding: Coordination with banks, custodians, and brokers; payment controls and treasury oversight.
Accounting & Reporting: Bookkeeping, consolidation, audit coordination, and periodic performance/risk reports.
Tax Support: Corporate tax computations and returns, and coordination on cross-border tax matters.
Trusts & Foundations (Optional): Coordination with licensed trustees for succession and asset-protection needs.
Relocation Support (Optional): Assistance with residence/occupation permits and family settlement logistics.
Ongoing Administration: Company secretarial, board packs and minutes, registers, and day-to-day operational support.

Whether you are establishing a focused SFO or building a scalable MFO platform, our team delivers a secure, compliant, and efficient family-office presence in Mauritius—aligned to your investment, governance, and legacy goals.