Wealth Management and Family Office Initiative

The project aims to position Mauritius as a jurisdiction of choice for private wealth management, with a focus on attracting and servicing global high-net-worth individuals (HNWIs), families, and institutional investors. Key areas of focus include:

Modernising the regulatory framework for Single Family Offices (SFOs), Multiple Family Offices (MFOs), and Variable Capital Companies (VCCs).

Introducing an innovative Umbrella Licence structure to consolidate a wide range of financial and non-financial services under a single regulatory regime.

This comprehensive framework is expected to enhance investor confidence, attract sophisticated financial players, and support the next phase of growth for the wealth management industry in Mauritius.

The FSC is currently collaborating with a Product Steering Committee—comprising private banks, law firms, wealth management firms, management companies, and industry associations—to:

Benefits to the Country and Economy

The implementation of this initiative is expected to deliver significant benefits to the Mauritian economy and reinforce the country’s position as a trusted and progressive IFC. Among the advantages to be derived:

• Enhance Mauritius’s global visibility and reputation as a forward-looking financial hub.
• Attract a new calibre of ultra-wealthy clients and investment vehicles.
• Demonstrate the country’s commitment to regulatory innovation and flexibility.
• Improve regulatory clarity and operational efficiency through the Umbrella Licence structure.
• Reduce administrative burdens and compliance costs for international firms and family offices.
• Stimulate economic activity, encourage foreign investment, and support the continued growth and diversification of the financial services sector