To further promote Mauritius as an ideal jurisdiction for wealth management activities, the Mauritian Government has introduced the Family Office Licence. The Financial Services Act, 2007, also allows for Overseas Family Office (Single) Licence and an Overseas Family Office (Multiple) Licence.
The holder of a Family Office Licence is authorised to provide certain services to family clients, including:
The holder of a family office Licence is required to adopt an integrated risk management system such as risk identification, measurement, reporting and mitigation. The family office licence holder may benefit from a five-year tax holiday provided that it meets the substance requirements of the FSC and Tax Authority in Mauritius.