International Trusts
Protect Your Wealth

INTERNATIONAL TRUSTS

A Trust is a legal relationship through which the owner (called Settlor) of certain assets transfers these assets to an independent third party (called Trustee). The Trustee, in turn, is legally bound to maintain and manage these assets for the benefit of another person or group of persons (called Beneficiaries).

How can an international trust be used?

A trust can be used for many purposes based on individual’s requirement model. It can be used for;

Wealth protection

Inheritance and succession planning

Charitable purposes

Tax optimization

Can be part of business company structure

Why SEYCHELLES?

In Seychelles, International Trust is regulated by the Seychelles International Trust Act, 1994. Seychelles Trust is not a separate legal entity and hence cannot be sued in its own name. The Act provides for the following types of Trusts:

Discretionary Trust

Charitable International Trusts

Purpose International Trusts

Other Trusts

These are referred to in the Act and include commercial (trading) trusts, life insurance trusts, cash deposit trusts and trusts resulting from acts of the Court.

KEY FEATURES SEYCHELLES INTERNATIONAL TRUSTS

General

Trust deed	Not filed with the authorities
Names available to public	No
Period of Trusts in Seychelles	100 years
Charitable trust	Can be formed for perpetuity
Change of Proper Law	Permitted
Tax exempt	Yes
Restrictions on Trust/Trade	Trust cannot hold immovable property in Seychelles Settlor cannot be resident of Seychelles Settlor cannot be sole beneficiary of Trust
Filing with Seychelles FSA (Financial Services Authority)	Not required
Trust register accessible to public	No
Disclosure of names of settlor or beneficiaries to regulator	Under court orders only

Corporate Requirements

Settlor	Can be resident of any country other than Seychelles Corporate Settlor are allowed Settlor can make additions to Trusts Fund The name of the Settlor is not available on public records Settlor can be beneficiary (but not sole beneficiary)
Trustee	One corporate or two individual trustee required A local qualified trustee is mandatory A settlor can also be a trustee
Beneficiaries	Minimum one beneficiary is required A settlor/Trustee can be a beneficiary (but not sole beneficiary) Addition or removal of beneficiary is permitted Corporate beneficiaries are allowed
Protector	A protector is appointed by the Settlor His powers are given in the trust deed and Letter of wishes There can be more than one protector Protector owes fiduciary duties to the beneficiary
Minimum initial assets required	USD 1

Local Requirements

Resident Trustee	Yes
Registered office	Yes

Annual Requirements

Filing of the tax statements	Yes
Annual audit requirements	Not required
Filing of accounts	Not required
Public access to records	No

INTERNATIONAL
TRUSTS
ADVANTAGES

Used for asset protection/ confidentiality

Retention of control

Zero taxes in Seychelles

Family and succession planning

Can conduct business activities using IBC in structure

No information is available to public

Can be used for ESOP purposes

WHY US

Seychelles International Trusts can include alternate Trade varieties tailored to address client specific needs. Abacus Seychelles has years of experience and expertise in meeting the individual needs of our clients worldwide. To find out more about how Seychelles Trust can help you in asset protection and wealth maximization, please get in touch with us. We would be happy to help!

International Trusts
Protect Your Wealth

International Trusts
Protect Your Wealth