International Trusts2019-08-23T05:07:00+00:00

International Trusts
Protect Your Wealth

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

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
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
Resident Trustee Yes
Registered office Yes
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!

CASE STUDIES

view all

BLOG

Chinese Dilemma. Seychelles Solution

view all

HOW WOULD YOU LIKE TO CONNECT WITH US
TO KNOW MORE ABOUT THE OPPORTUNITIES