A Trust is a private legal agreement (Trust Deed) between the individual who places his/her assets in the Trust (Settlor) and the individual or corporation entrusted with the protection, management, and ultimate distribution of the assets (Trustee) for the persons entitled to benefit from the capital assets and/or income held under the agreement (Beneficiaries). The Seychelles International Trust law offers some of the greatest privacy and asset protection features of any International Offshore Financial Centre: Neither the name of the person establishing the Trust nor the persons who are to benefit from the Trust are disclosed to the Registry. Upon registration the Registrar simply issues a sealed letter confirming registration and specifying the name and registration number of the Trust.
Key Features
Seychelles International Trust | Corporate Details |
General | |
Type of entity | International Trust |
Type of law | Follow English law/As per Trust Deed |
Our time to establish a Trust | 2 weeks |
Taxation of trust assets | None |
Double Taxation Treaty access | No |
Change of Domicile permitted | Yes |
Limitation period for action against Trustee | 2 years from date of establishment of trust |
Duration | 100 years (except: charitable international trust or a purpose international trust) |
Restriction on Investment of Trust asset | No |
Exchange control | None |
Succession | As per Trust Deed |
Settlor | Must be non-resident of Seychelles |
Property | No property situated in Seychelles can be part of the Trust asset |
Jurisdiction | Seychelles Supreme Court |
Forced heirship applicable | No |
Trust asset | |
Restriction on type/amount | No, except property situated in Seychelles |
Trustee | |
Minimum number | 1 if corporate and 2 or more if not corporate |
Qualification | Minimum one Seychellois resident |
Accounts | |
Requirement to file | No |
Publicly accessible | No |
Advantages
- Strong Asset Protection
- Privacy/Confidentiality
- Flexibility
- Can be part of business company structure
- Investment and Real Estate ownership and administration
- Efficient Tax Planning,
- Charitable purposes, and
- Substitution of Wills and Testaments
Why AAA Management services
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
Dedicated ongoing compliance support