Investec branches out with Mauritius office

Investec branches out with Mauritius office

The company, which operates in Jersey under the name of Theodores Trust and Law Group, also has trust offices in Guernsey, London and Switzerland.

he Mauritius office will offer a range of services including the formation and administration of trusts for both tax resident and non-tax resident Mauritian companies.

nvestec is intending to take advantage of the network of double taxation agreements which is in place between Mauritius and ab-out 28 Asian, African and European countries.

The office there will also specialise in financial planning opportunities with South Africa.

Robert Clifford, chief executive of Investec Trust globally, said: ‘Mauritius is an ideal place.

Not only is it positioned in a favour-able time zone, between Europe and Asia, but it also offers stability and beneficial local tax rules within a framework of structured yet transparent regulation.

Theodores in Castle Street, which was bought out by Investec three years ago, is likely to be rebranded in the New Year.

The trust division is part of the Investec Group, which offers both onshore and offshore services including treasury and banking, specialised lending, structured property finance, investment management, trust and fiduciary services and private client investment banking.

Investec pulled its banking business out of Jersey at the end of last year to consolidate its operation in Guernsey.


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