Is a Trust the right choice for my offshore company structure?

[guest]

Offshore Trusts are a common vehicle which is both legit and ensures a high level of security in regards to asset and equity protection. An Offshore Trust is the first brick in a advanced Offshore Company structure.


More...

 

[Safa]

Does a Trust pay any tax on income ?

 

[SysOp]

No not at all, you will need to look into what offshore trusts offer before asking such question


Below is a bit backroung information:

General Information about Offshore Trusts in Cyprus:


The various types of trust vary in complexity but they have one common fundamental feature. A “person” being either an individual or a company (“the trustee”) agrees to hold certain assets (“the trust fund”) in its name for the benefit of another person (“the beneficiary”) on certain terms and with certain powers (which are usually set out in the Trust Deed). The assets comprising the trust fund are legally held and registered as owned by the trustee and the trustee is under a duty, enforceable in the Courts, to hold those assets and the income arising from them for the benefit of the beneficiary(ies).


The above relationship can be summarised as follows: The trustee has legal title to the trust assets and the beneficiary has beneficial or equitable title (it is the beneficial title which is of value when one is considering asset ownership).


The other important parties of the trust are:


The settlor. This is the person that creates the trust. In some jurisdictions the settlor could not act as trustee or be a beneficiary. In the Cyprus jurisdiction, the settlor can also be a trustee or beneficiary.


The protector. This is the person(s) that has the power to restrict key powers (such as add beneficiaries, etc.) of the trustee so that they can only be exercised with the consent of suitable person.

source: Offshore Trust Cyprus | Cyprus Company Formation | Cyprus Bank Account

 

[Moh1]

Thank you for this information it is a lot of reading but also good information. I have already been in touch with the guys and they have send a bunch of pages to me....

 

[mediafreak]

Offshore trusts are great for creating a mutual fund and for setting up an orphan structure. Some countries are even more accommodating to this set-up such as Switzerland and Liechstenstein.

 

[webdriller]

I would never consider Switzerland or Lichtenstein from where I would place my offshore company... those countries are good for anonymous banking but not for the sentence of an Offshore Company formation....


Beside above, a Trust is good for securing your family in case of death and if you want to have a 100% anonymous offshore company setup... some investment is required but it will pay in the long term.

 

[chipchip]

Well Switzerland and Lichtenstein are to great countries which have been used for offshore activities for ages.... but the best countries are still Belize, Panama, BVI, Seychelles, Uruguay, Curacao and several others.