REPUBLIC OF
SEYCHELLES
OFFSHORE
TRUST
A Trust is a contract.
A private legal Agreement.
An expression of an understanding.
An offshore trust is the same.
The major difference is that it’s
constituted abroad,
beyond te laws of te country where
You live……OFFSHORE
The common Law Trust has served for centuries as a favorite vehicle in
financial planning and asset protection. The Trust is finding even
greater life in today’s increasingly complex society as we see our
privacy diminished by the very cyberworld you’re traveling right
now!
MAKING
A TRUST WORK FOR YOU
The use of a
Trust for asset protection and estate planning dates back several
centuries. Trust were common in England early in the 11th century. In
some form the trust gas an instrument for holding property in Roman
times. Developed over time, Trust have become a seriously effective
means of minimizing taxes, protecting assets and passing wealth along
to heirs in privacy and without devastating tax consequences. The very
wealthy have used the trust approach for many years. Recent development
in the offshore world where more and more jurisdictions
adopt effective laws, the trust has become an instrument available to
people of lesser means. For nominal costs, minimal formalities and on
short notice, a trust can come into being. We invite you to consider
the trust a part of your personal and corporate financial planning,
either alone or in conjunction with a IBC (International Business
Company).
SOME
INFORMATION ABOUT A TRUST
In
general, a trust involves:
·
A
SETTOR OR GRANTOR:
The person,
company or other entity placing property or money into a trust.
·
A
TRUSTEE:
The individual,
Company, another trust or other entity who receives the property or
money to be managed for the benefit of those individuals, companies,
trust, or other entities named as Beneficiaries.
·
THE
BENEFICIARY OR BENEFICIARIES:
The individual,
individuals, company or companies, trust or trusts or other entities
named to benefit from the trust property or money.
The trust
Document, The Deed or Declaration of Trust is the written instruments
wich details the duties of the Trustee, Names the Beneficiaries and
Lists the Property in the Trust Corpus or body of assets.
TYPES
OF TRUSTS
While we will assists in the establishment of a trust wherein the
settlor or grantor retain absolute direct control of the trust assets
by becoming the Trustee or by some other means, we are reluctant to do
so. If the property or money is not within the absolute and
discretionary control of the Trustee who is not a grantor or settlor,
and the grantor or settlor retains over control, little is
accomplished as relates to asset protection especially, and to tax
avoidance or minimization, typically.
Laws in high tax countries specify that if the tax payer controls the
property, then he must pay the taxes on the assets or earnings on
the trust property.
The
Discretionary Trust provides for a party to serve as the Settlor, being
himself beyond the jurisdiction of the beneficiaries. The actual
property or money can come from any place and be any thing. With a
Discretionary Trust, the Trustee can add to the list of beneficiaries
or remove beneficiaries.
As already
referred to, under current tax laws and regulations in the high tax or
“sophisticated” countries where the Common Law trust is known, if
the Beneficiaries are know, there might be a decision to claim taxes
due, even though has been no distribution. The confidentiality laws of
most offshore jurisdictions take this into account. With the
confidentially feature, there is not chance that anyone can get information
as to who beneficiaries are.
To fill in the gaps where beneficiaries are not named in the
Trust Deed or Trust Instruments, a LETTER OF WISHES filed with the Trustee
to specify the Beneficiaries and their interests trust
property will suffice. Also, where the Trust Deed does not specify
details relative to distributions, a letter of wishes may be filed at
any time by the beneficiary. Laws in most jurisdictions allow for this
while not revoking the irrevocability feature of a trust.
A Letter of Wishes may be filed ay
the time initiating the Trust
or at any time thereafter.
FOR ASSET PROTECTION
In litigious countries such as the United States, it has become
common practice for individuals to seek offshore trusts for protection
against:
-
Malpractice claims in the Case of Medical Doctor and other professionals;
-
Products
liability;
-
Creditors, either Business or Personal;
-
Judgments;
-
Problematic
divorces.
SPEED WHERE SPEED IS IMPORTANT
A Trust can be established in minutes, literally. While it
might take longer to have property transferred into a trust, time can
be a factor as to the dating of the Deed. Generally, a Trust Deed is
not registered with any tax jurisdictions. A Trust is a private
arrangement.
THE ADVANTAGES OF AN OFFSHORE TRUST
·
Tax
savings, avoidance and deferral: You can save, avoid and defer many
taxes in many ways. You don’t owe tax until you “repatriate”
your assets, whether they be cash or the very house you’re sitting
in now. Any asset can be designated Trust Property. And if the Trust
is in another jurisdiction, chances are those assets can earn
interest, or accrue whatever pertinent value without being subject to
domestic taxes.
·
Safety:
Keeping assets offshore provides you a financial reserve should
disaster strike at home, or in your domestic financial life.
·
Protection
Against Judgment: In a lawsuit-happy world it's nice to have
reserves than can’t be “seized”, “liened” or “attached” worth
the stroke of the Court’s pen or the phone call of a tax
authority. Though not impossible for them to get at, it’s much much
harder for them to attach your assets, when they’re held in Trust,
offshore, by a Trustee who isn’t beholden to anyone but the wishes
and the good of the beneficiaries.
·
Confidentiality:
A private contract, a legal agreement, and the business of no one but yours, the trustee’s and whomever else you think needs to know.
The offshore Trustee is required to say nothing to external
imquisitors.
·
Ease of
Transfer of Interests to Heirs or Others: Wills, living trust, and
domestic trust invariably pay taxes-especialkly when assets are
transferred. An offshore trust does not.
·
Earnings
and a Faster Accumulation of Wealth: Trust can own companies, have
bank accounts, own portfolios, hold training accounts and NOT PAY TAXES.
The Trust is one of the most flexible financial instruments and
entities to ever come about. We offer the establishment and management
of these offshore trust primarily under the jurisdictions Seychelles.
We can provide them in many other jurisdictions as well.
SCHEDULE
OF FEES TRUSTEE SERVICES
| *
Incorporation IBC (Offshore company)
|
US$ 2,500
|
| *
Preparation of Trust Documents and minimum initial acceptance fee
|
US$ 4,000
|
| *
Annual Basic fee for Offshore company
|
US$ 2,500
|
| *
Annual Basic fee for minimum provision of Trustee |
US$ 3,500 |
For
further informations, Please contact: Holborn (Seychelles) Int. Co.
Ltd
Suite
No. 206, Premier Building, Albert Street, P.O. Box No. 964, Victoria-Mahe’-Seychelles
Tel./Fax
+248.324789
E.mail:
– holbornasia@hotmail.com
|
