Seychelles Offshore Trust
The Seychelles is an excellent location for offshore trust formation. It is well known as a jurisdiction that enhances asset protection and preserves wealth. Many individuals and companies select the Seychelles for its advantageous trust law and assistance in the protection of wealth.
For more information on Seychelles trusts, please visit our Seychelles Offshore Trust page. To learn more about how DeltaQuest can assist you, please Contact Us.
How to form an offshore Seychelles trust
Many people choose to set up a Seychelles trust for a number of reasons. A Seychelles offshore trust is relatively easy to form and does not entail any exchange control regulations. It provides complete protection against creditors, whilst presenting optimal protection of assets for the benefit of children or other future generations.
Offshore Seychelles trusts are exempt from taxation and can assist in reducing or deferring tax liabilities. They offer high levels of privacy and confidentiality to the settlor (the person setting up the trust), and all information with regards to the trust is unavailable on public record. A Seychelles offshore trust is the ideal tool for both business and private asset protection.
In order to form a Seychelles offshore trust it is indispensible that the correct parties are involved. This includes a settlor, a trustee, a beneficiary and a protector. The settlor is the individual or party who has chosen to establish the trust. Without the settlor, the trust will not be formed in the first place. The trustee is responsible for maintaining the trust in compliance with the settlor’s wishes, which are outlined in the trust’s deed. The beneficiary is ultimately the individual or individuals who will benefit from the formation of the trust, whilst the protector is responsible for ensuring that the trustee manages and administers the trust in compliance with the applicable trust law and trust deed.
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