In extremely simple terms, a Seychelles Offshore Trust is exempt from taxation of any form in either your home country or in the Seychelles, because you are not the legal owner of the trust’s assets. In brief, you simply don’t have to declare assets that aren’t yours! The Seychelles government do not levy taxes on trusts held within their country.
An Offshore Asset Protection scheme, or ‘Trust Fund’, is an agreement entered into when assets are transferred from the person creating the trust (‘The Settler’) to us at Seychelles Offshore Trusts (‘The Trustee’); to hold assets for any other party (‘The Beneficiary’). Assets to be protected can be liquid capital, stocks and shares, real estate, bearer-bonds or whatever.
As long as there are no claims of insolvency, litigation or inheritance tax on a Settler’s assets before setting up an Offshore Asset Protection trust fund, those assets cannot be sequestered, attacked or taken into account by any authority once the trust has been created. We simply charge a reasonable fee for acting as Trustees. In short, we carry out the Settler’s instructions without the Settler being the legal owner of the assets!
If you anticipate bankruptcy, litigation, capital gains tax or estate inheritance planning you should act quickly to ensure that your assets cannot be touched!
