International Trust in Seychelles

March 4, 2010 - PRLog -- The Seychelles International Trust has been with us since 1994 and is based mostly on the BVI model. ( Note a copy of the Seychelles International Trusts Act can be viewed by going to the Downloads section of our site at Our Services ).

http://www.cclogic.com/offshore-company-formation/Seychelles-Trust.html

The first advantages of the Seychelles International Trust are re the opportunities it offers by way of Tax minimisation, Fiscal Planning, Succession planning and Monetary Privacy.

The law also contains powerful asset protection provisions.

Neither the name of the person creating the Trust nor the folks who are to gain from the Trust are revealed to the Registry. On registration the Registrar simply issues a sealed letter confirming registration and specifying the name and registration number of the Trust.

The Seychelles International Trust also has important appeal as a holding vehicle whereby it is employed to hold stocks in an IBC as this will enable the would be beneficiaries to defer or avoid tax on the profits of the IBC for an unfixed period.

Features & advantages of Seychelles International Trusts Other features of Seychelles

Trusts include : A Seychelles Trust pays no taxes in Seychelles on its foreign earnings A copy of the Trust Deed isn't required to be filed with the Registry A Seychelles International Trust can own property anywhere ( excepting land in Seychelles ; though it can own shares and / or maintain bank accounts here ) The Settlors or Curators can themselves be

Beneficiaries of the Trust The Settlor can select whatever nations's laws he prefers as the laws by which the Trust is to be ruled Somebody resident outside Seychelles could be appointed as a co-Trustee there is not any need to say the names of the Settlor or the final Beneficiaries in the Trust Deed the moving of Property to a Seychelles Trust can't be overturned by any foreign laws as to forced heirship A Seychelles International Trust can't be voided by reason of a Settlor becoming broke.

The only possible way that a Settlor's creditors can attack a Seychelles Trust is by commencing action in the courts against the Trustee in the Seychelles Supreme Court looking to have the Trust announced a fraud. Any action in the courts to claw back assets moved to a trust, must be brought inside 2 years of the date of transfer of the contested asset to the Trust. Settlor's wishes While the Trustees administer the trust at their discretion, a Letter or Expression of Wishes is frequently offered by the Settlor, setting out their wishes re administration of the trust, including regarding o distributions, timing of distributions, erasure or substitution of beneficiaries and and so on.

Though not bound by the Expression of wishes the Settlor's wishes are ordinarily respected in order to make sure that the legal integrity of the Trust ( apropos its try to aid the suggested beneficiaries ) is maintained.

http://www.cclogic.com/offshore-company-formation/Seychel...

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