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.