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How to setup a International Trust in Seychelles

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Seychelles International Trusts are attractive alternatives to international trusts set up in other offshore jurisdictions. Seychelles International Trusts are regulated by Seychelles International Trusts Act, 1994.

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KEY FEATURES
• An International Trust must have a licensed by SIBA Seychelles resident Trustee. Non-resident co-Trustee as well as a Protector may also be appointed;
• Settlor can be Beneficiary, but not a sole beneficiary;
• Settlor cannot at any time during the duration of the International trust be a resident of Seychelles;
• An International Trust can own property worldwide, but not in Seychelles.;
• Duration of an International Trust is up to 100 years unless terminated earlier;
• An International Trust can migrate;
• An International Trust can be administered from Seychelles or elsewhere

ADVANTAGES OF SEYCHELLES INTERNATIONAL TRUST
• No tax on the trust property;
• Confidentiality-there is no need to register the trust deed and no requirement to file with any Government Registry details of the Settlor or the Beneficiaries;
• Speed-the trust can be set up within a week or less;
• Low registration fees-a one off Governemnt fee of US $ 115;
• Investment of the trust property is not restricted in any way;
• Settlor can choose proper law of the trust;
• No forced heirship;
• Seychelles Court has exclusive jurisdiction;
• No exchange control regulations
• Stable economy and impartial judiciary;
• Comprehensive and modern legislations;


10 OF YOUR QUESTIONS ANSWERED
1. How is an International Trust registered?
A Licensed Trust Service Provider submits a Declaration of Trust to SIBA. SIBA gives a Reference number to the Declaration and then notifies the Trust Service Provider of the registration of the Declaration of Trust.

2. What is the registration fee?
A one-off payment of US $ 115, inclusive of government tax.

3. What is the Tax Treatment of International Trusts?
Assets of an International Trusts are totally tax exempt.

4. Is Confidentiality guaranteed?
The law guarantees confidentiality on the identity of the Settlor, Beneficiaries, Trustee deliberations, exercise of powers or duties and Trust accounts. The name of the Beneficiary will only be disclosed if the Beneficiary is a Seychellois. All other confidential matters will only be disclosed by a Court order.

6. Who can be a Trustee and how many Trustees are needed?
A natural or corporate person may be a Trustee and hold a valid license of International Trust Service Provider issued by SIBA. If the Trustee is a natural person a minimum of 2 Trustees are required. If the Trustee is a Corporation only 1 Trustee may be appointed.

7. What is the limitation period that an action may be brought against a Trustee?
2 years from the date of the establishment of the International Trusts and 3 years from delivery of final accounts or from date of knowledge in cases of breach of trusts.

8. What is the duration of an International Trust?
The duration is as per Trust Deed but the law provides for a maximum of 100 years except for charitable international trust or a purpose international trust.

9. What is the law of the International Trust?
The law is that set down in the Trust Deed. If no law is chosen the procedure as laid down in the Act will be followed to find the proper law.

10. Which Court has jurisdiction in matters of International Trusts?
The Seychelles Supreme Court has exclusive jurisdiction.

Required SERVICES to get your overseas trust established
• Drafting and reviewing the Trust Deed for your future International Trust
• Registration of Trust
• Acting as Trustee for your Trust. We are fully licensed International Trust Service Provider in Seychelles.
• Bank accounts for your Trust
• Administering the Trust property
• Provision of legal advisory services
• Accounting, Book-keeping services
• Tax planning advice
 

poketax

New member
A natural or corporate person may be a Trustee and hold a valid license of International Trust Service Provider issued by SIBA. If the Trustee is a natural person a minimum of 2 Trustees are required. If the Trustee is a Corporation only 1 Trustee may be appointed.
Do you know if this is our company that can be used as Trustee or is it the attorney or agent that established the trust and that is licensed that only can provide a company for this purpose?
 

surender

Corporate Services
Do you know if a Trust in the Seychelles can protect you from getting your identity revealed in case of creditors that try to get access to my assets.
 

Admin

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Do you know if a Trust in the Seychelles can protect you from getting your identity revealed in case of creditors that try to get access to my assets.
Indeed it does if it is setup correct!
 

Michael

New member
My understanding is a trust is another layer of protection. Do arrange trust first then offshore company?
 
But if you register the trust and then the IBC, if there is any claim how would the funds go from the IBC to the trust? Wouldn't it just make two seperate ways that creditors could attack instead of one?
 

djaheim

Silver Member
But if you register the trust and then the IBC, if there is any claim how would the funds go from the IBC to the trust? Wouldn't it just make two seperate ways that creditors could attack instead of one?
When you put the LLC in place , it means the trust no longer holds the assets. Basically an LLC will be controlling the Assets for the AST(asset protection trust) giving you great control as the settlor than being at the mercy of a Trust company.
 

Davis123

Active Member
Very true but now where you can get a nice bank to take this type of Trust plus
Offshore LLC ? Unless you move it to small carribean banks that are not trust worthy at all ? Seychelles has a reputation that it no trustable banks these days will take this type of offshore structure anymore. Unless you move them to Fintec which I can't trust.
 
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