OFFSHORE TRUST

A Trust is a legal entity arising from Anglo-Saxon law and allowing the administration of assets and property transferred by one or more constituents, called “settlors” or “grantors”.

An  offshore trust is created when the constituent (the person creating the trust) transfers specific capital to the trust and prepares an agreement called a trust agreement (or deed of trust, or statement of trust) in which he appoints a Trustee (the person in charge of the trust) and a beneficiary (the person who benefits from the trust).

The offshore trust allows the legal transfer of property, it is used for the protection of assets and / or equities and to organise successions (in this case the trust replaces a will)

The offshore trust is generally administered by a “fiduciary” offshore management agent, for the benefit of a number of individuals or companies named in the trust’s constitution.

It is, in short, a transfer of assets or capital between individuals or corporations, but with the difference that this legal power is applied in an offshore jurisdiction. In this way, this framework benefits from the privileges and secrecy of tax havens.

offshore trust

AN OFFSHORE TRUST, YOUR ALLY IN THE PROTECTION OF YOUR ASSETS

WE HAVE EXPERIENCE IN OFFSHORE TRUSTS FORMATION
BOOK YOUR CONSULTATION

OFFSHORE TRUST FORMATION- BENEFITS

An offshore trust offers many advantages, the main ones are:

  • RESPECTING THE CONFIDENTIALITY OF YOUR PRIVATE LIFE

  • TAX EXEMPTION

  • ASSET AND WEALTH MANAGEMENT

  • ACCUMULATE WEALTH

  • SECURITY

OFFSHORE TRUST FORMATION- OBJECTIVES

  • TAX OPTIMISATION

    The offshore trust creates a special legal framework in which the ownership of an asset is separated into legal ownership and rights of use (beneficial ownership). This feature in some cases can be employed to obtain tax benefits, particularly in combination with other types of entities. For example, it is common for the trust to own shares in offshore companies or control a community of family assets and equities.

  • ASSET PROTECTION

    This term describes the advantages of the offshore trust to protect your personal or family assets, via the creation of an offshore trust. The person’s assets are transferred to a trust or trustee such that these assets cease to legally belong to them. This places said assets out of the reach of potential creditors or litigants for other causes such as divorce, labour disputes, allegations of negligence, etc. It is also common to use it for the separation of property between spouses, especially in cases where one of the spouses participates in economic activities that are at high risk of litigation or debt.

  • TRANSFER OF ASSETS TO SUCCESSORS

    An offshore trust is a very convenient alternative to a will, as it offers greater flexibility in planning the distribution of the deceased’s assets among their families, avoids inheritance taxes and associated costs, and is sometimes used to evade blood rights, facilitating the free choice of heirs.