STEP MAURITIUS CONFERENCE 6-7 APRIL 2017 HILTON MAURITIUS

www.step.org/mauritius2017

Programme focus:

Accredited for 13.25 hrs CPDMauritius Qualification Authority (MQA)

Platinum

Silver Gala Dinner Cocktail Reception

Silver

DELEGATE FEE

USD

STEP Member 400

Non-Member 500

• Using an insurance wrapper and retirement fund for estate planning

• Family office – New opportunities

• Fiduciary solutions for South Africans

• Funding offshore trusts – New tax considerations for South Africans

• Considerations in setting up trusts for HNW Mauritians

• Foundations – Vehicle of choice for civil law HNWIs. Is there an opportunity for Mauritius for West Africa

• Trust and Estate Planning for HNW Indians and NRIs

• The New India-Mauritius Double Taxation Avoidance Agreement (DTA)

• An ageing world – How do we protect the elderly?

• Impact of Common Reporting Standards (CRS) on trusts

• Exchange of information – Recent developments

• Exclusive jurisdiction clauses in trust deeds

• Special voluntary disclosure programme for South Africans – Implications for Mauritian and international trustees

• Impact of Base Erosion and Profit Shifting (BEPS) on tax planning

• New International Business Companies (IBC) Act in the Seychelles

• Fiduciary services to African clients and its risks

See inside for the full programme.

KEYNOTE SPEAKERS

Hon. Dharmendar Sesungkur Minister of Financial Services, Mauritius

Patricia Wass TEP Worldwide Chair, STEP

Sponsors include

INTERNATIONAL ESTATE PLANNING: THE BEGINNING OF A NEW ERA

STEP MAURITIUS CONFERENCE 2017

Gold Silver

Conference programme

STEP MAURITIUS CONFERENCE 2017

With seismic changes taking place across the global trust and estate planning landscape, the STEP Mauritius Conference 2017 is aimed at providing an overview of the key recent trends and challenges faced by the trust industry and its practitioners as well as the opening up of new opportunities for trust jurisdictions with particular reference to Mauritius. The theme of this Conference will be ‘International Estate Planning: The Beginning of a New Era’ and promises to be an outstanding event.

The agenda focuses on the current regulatory environment and international challenges facing the trust and estate planning industry and our speakers will share their expert knowledge on the various topical issues which the industry is facing and will continue to face – from Common Reporting Standards to issues affecting South Africans funding offshore trusts and the new opportunities for Family Office structuring for affluent families in Africa.

Our panel of expert speakers reflect the range of topics which STEP Mauritius recognises are essential for the further growth of the trust and estate planning industry in Mauritius. International tax issues such as the impact of Base Erosion and Profit Shifting (BEPS) and Multilateral Instruments on IFCs will also be covered.

We look forward to seeing you at this landmark event.

Amal Autar BCom, ACIS, TEP Chair, STEP Mauritius

DAY 1: THURSDAY 6TH APRIL 2017

08.15 Registration

Exhibits open

09.00 Welcome address

Amal Autar TEP, Chair, STEP Mauritius

09.15 Keynote address 1

Patricia Wass TEP, Worldwide Chair, STEP

09.30 Keynote address 2

Hon. Dharmendar Sesungkur, Minister of Financial Services, Good Governance and Institutional Reform, Mauritius

10.00 Networking and refreshments

Trends and opportunities in trust and wealth planning

10.30 Using an insurance wrapper and retirement fund for estate planning

• An overview of the benefits of an insurance wrapper/retirement fund

• Insurance wrapper and retirement fund as tools for estate planning from a South African perspective

Harry Joffe TEP, Chair, STEP Johannesburg

11.15 Family office - New opportunities

• What does the modern Family Office look like?• Creating sustainable value add for a client• The move away from tax structuring• The next generation’s view on Family OfficeJohan Van Wyk, Cantilever Fiduciary, South Africa

12.00 Trust solutions for South Africans

• Risk for housing a tax non-compliant South African client

• South Africa tax opinion - Minimum requirement• Practical fiduciary solutions post 2017Hugo Van Zyl, FNB Fiduciary, South Africa

12.45 Question and answer session

12.55 Speech from Lunch Sponsor

Lunch sponsor TBC

13.00 Lunch

Key markets for Mauritius

14.00 Considerations in setting up trusts for HNW Mauritians

• What is estate planning• Estate planning tools (wills, trusts, foundations & other

vehicles)• Benefits of trusts in estate planning• Challenges & pitfalls (assets to be settled, forced

heirship, claw back & other issues)Assad Abdullatiff TEP, Axis Fiduciary, Mauritius

14.45 Foundations - Vehicle of choice for civil law HNWIs. Is there an opportunity for Mauritius for West Africa?

• Foundations for international estate planning• Confidentiality & exchange of information• Legal, tax and cultural considerations• Structuring vehicle for entrepreneurs/HNWIs in civil-law

West and Central AfricaDouglas Peters TEP, Monoeci Management SAM, Monaco

15.30 Networking and refreshments

16.00 Trust and Estate Planning for HNW Indians and NRIs

• Legal and tax considerations• Is Mauritius well positioned as a Trust and Estate Planning jurisdiction to tap the Indian market? Dr Mitil Chokshi, Chokshi & Chokshi, India

16.45The new India-Mauritius Double Taxation Avoidance Agreement (DTA)

• Will Mauritius still be considered as an investment gateway into India?

Nishith Desai TEP, Nishith Desai Associates, Chair STEP India

17.30 Country update - Seychelles

• New IBC Act and Trust Act in SychellesJanette Powell TEP, Chair, STEP Seychelles

18.00 Closing remarks - end of day 1

18.30 Cocktail reception & dinner

STEP Excellence Awards - presentation to top scoring student in Mauritius

08.15 Registration

08.50 Welcome from session Chair

Session Chair TBC

09.00 Mauritius IFC

Harvesh Seegoolam, CEO, Financial Services Promotion Agency, Mauritius

Challenges facing the trust industry

09.30 Impact of Common Reporting Standards (CRS) on trusts

• Trusts as financial institutions - conceptual difficulties?• Who and what are reportable?• Underlying companies of trusts - duplicate reporting?• The role of the OECD – lawmaker?• The end of privacy?Andrew Knight TEP, Maitland, Luxembourg

10.15 Exchange of information: Recent developments

• Multi lateral Instrument and its impact on treaty countries• OECD Inclusive ForumRajesh Ramloll, Chairman, IFA Mauritius

11.00 Networking and refreshments

11.30 New Tax Considerations for South Africans funding offshore trusts

• Impact on current structures• Planning post 1st March 2017Dan Foster TEP, Webber Wentzel, South Africa

12.15 Special voluntary disclosure programme for South Africans - Implications for Mauritian and International Trustees

• Special Voluntary Disclosure Programme and its Exchange Control Consequences

• How should foreign trust companies react? Anthea Stephens TEP, Chair, STEP Cape Town

13.00 Lunch

14.00 Exclusive Jurisdiction Clauses in Trust Deeds

• Interpretation & weight of exclusive jurisdiction clauses• Landmark case of Crociani v Crociani Ammar Oozeer, BLC Chambers, Mauritius

14.45 Base erosion and profit shifting

• Its impact• How Multinationals should reorganize their

international tax planning Wasoudeo Balloo TEP, KPMG, Mauritius

15.30 Networking and refreshments

16.00 An ageing world - How do we protect the elderly?

• Empowering and protecting the elderly client• United Nations principles of Older Persons• The pros and cons of a new UN Convention for the elderlyPatricia Wass TEP, Worldwide Chair, STEP

16.30 Fiduciary services to African clients and its risks

Patrick Matu, Control Risks East Africa, Kenya

17.00 The Big Debate

Topic TBC

17.30 Question and answer session

17.45 Vote of thanks and conference closes

Register now at www.step.org/mauritius2017

DAY 2: FRIDAY 7TH APRIL 2017

Special rate for conference attendees at the Hilton Mauritius Resort & Spa. For details, contact Rosabelle Fanny, Groups, Conference & Events Sales Manager, quoting “STEP Conference 2017”.

T: +230 403 1000 D: +230 403 1057 F: +230 403 1036 E: Rosabelle.Fanny@Hilton.com

STEP MAURITIUS CONFERENCE 2017

CONFERENCE QUERIESPlease contact Amal Autar TEP, Chair, STEP Mauritius at amal.autar@mitco.mu

ABOUT STEPSTEP is the worldwide professional association for those advising families across generations. We promote best practice, professional integrity and education to our members. Our members help families plan for their futures: from drafting a will or advising family businesses, to helping international families and protecting vulnerable family members. Today we have 20,000 Members across 95 countries. They include lawyers, accountants and other trust and estate specialists.

For more information about STEP visit www.step.org or email step@step.org

MAURITIUS QUALIFICATION AUTHORITYFor the purposes of refunds under the HRDC training grant, the Mauritius Qualification Authority (MQA)

requires that the event should be ran through an accredited training institution who shall apply for it to be

approved by the MQA. This Conference is being run through CLBS, an accredited training institution and MQA

approval is under process. A certificate of attendance will be provided jointly by CLBS/STEP to all participants

to enable them sponsoring employees to claim their refund.

STEP UP YOUR CAREER WITH ONE OF OUR DISTANCE-LEARNING QUALIFICATIONS:

Distance-learning qualifications from STEP are designed to offer

flexibility and convenience to busy practitioners worldwide. We

have a number of distance-learning courses available, including:

• Advanced Certificate in UK Tax for International Clients

• Advanced Certificate in Trust Disputes

• Advanced Certificate in Cross-Border Estates

• Certificate in Anti-Money Laundering

• Certificate in Foundations

Find out more at www.step.org/online-courses

Register now at www.step.org/mauritius2017