There are a few different things to take into account when looking for a family office set up in Mauritius. The first, and most important, is the size of your family along with making a decision about what type of family office you would like to have. How many people will need to be taken care of? This will help you determine how much money you will need to allocate for the family office.
In addition, you will need to decide what kind of services you would like the family office to provide. Do you need help with investments, tax planning, or estate planning? Or would you prefer a more all-inclusive office that can take care of all your needs? There are different types of family offices
Single Family Office: This is the most common type of family office and is usually run by one family. The single-family office typically has a lot of assets under management and provides a wide range of services to its clients.
Multi-Family Office: A multi-family office is a bit different than a single-family office setup. This office setup offers a way for the families to take their wealth and assets to the different parts of the world and to operate their services to their clients from different regions.
What are the trust setups used for?
There are a variety of trust setups in Mauritius used in business, each with its own advantages and disadvantages. The most common trust setups are the individual, family, and corporate trusts. Individual trust is the simplest type of trust. It is created when one person transfers assets to another person or entity for the benefit of a third party.
The assets held in an individual trust can be used for any purpose the creator desires, including estate planning, asset protection, and tax savings. A family trust is a variation of the individual trust that allows a group of people to share assets and benefits. There are a few different trust setups that can be used in business.
Benefits of buying family office setups
There are several benefits of buying a family office set up in Mauritius. The most important one is that it allows the family to manage their wealth and assets in a coordinated and cohesive manner. This is especially important for families with multiple generations involved in the business.
A family office also provides a single point of contact for all the family’s financial and legal affairs. This can be extremely helpful in times of crisis or when important decisions need to be made. For more information visit our Website.
