The trust is one of the best known offshore corporate forms, which is used for estate and tax planning purposes.
The trust exists in many shapes and sizes, but the fundamental characteristics are always the same.
The trust is a binding agreement between the settler (person who transfer his assets) and the trustee (person who will manage the assets). The trustee has the responsibility to maintain the trust assets and to follow the instructions like stated in the letter of wishes.
The letter of wishes contains the formal goals of the trust, and the details of the beneficiaries of the trust’s assets.
The trust is not a legal form, but an agreement between two parties. Because trusts originate from common law countries, it is possible that the trust will not be recognised in a civil law country (like The Netherlands, France or Germany).
In 1985 the Hague Trust Treaty was signed by civil law countries who whish to accept the trust, and agreed to recognise the trust. Although the treaty creates some legal certainty, this certainty is limited by most participants on a national level. Countries like The Netherlands still do not recognise the trust to its full extent. This means that caution is necessary when a trust is to be used in a civil law country. In most cases, Inco Trust advises to use the civil law offshore foundation.
By using the trust services of Inco Trust you are ensured of a professional incorporation and maintenance of the trust. Our tax lawyers can inform you about the possible fiscal-legal consequences of your trust (structure).
Inco Trust provides the following trust services:
- The establishment of an offshore trust
- Trusteeship and related services
- Administration of the trust funds.
- Trust accounting and maintenance of asset ledgers
- Reporting and filing as appropriate
For more information about the trust in your desired jurisdiction, please download the Company Report.
The following offices provide trust services:
Cyprus, Isle of Man, Jersey, Mauritius, Seychelles, United Kingdom
