Trusts are legal structures used for wealth management purposes and under Mauritian laws, such structures are mainly governed under the Trust Act 2001 and the Income Tax 1995. The settlor of the Trust transfers property or assets to the Trustees, as per the terms laid out in a Trust deed, for the Trustees to hold and administer for and on behalf of beneficiaries.

The essence of the Trust concept is the separation of legal and beneficial ownership, i.e. the property is legally owned by the Trustees but is held and administered for the benefit of the beneficiaries.