A trust is a legally acknowledged and binding agreement whereby an asset that is held by a Settlor is transferred to a Trustee, in whom resides the legal ownership of the asset that is managed for the benefits of the trust’s Beneficiary.
An offshore trusts is thus a conventional trust that is formed under the legislation of a particular offshore country. Offshore trust assets can be held in a form of real and intellectual property; life assurance policies; shares and stocks; investment portfolios, bank deposits etc.
If you are interesting in setting up a trust we can help you with your offshore trust establishment and asset protection. We should advise that trusts, although still in use, are not that much in use any more as are the Private Interest Foundations. More information about the Foundation
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In today’s blog we will look at a very common question among businessmen: how to set up an offshore trust. You can recap on what an offshore trust is by clicking on the link. Conditions for creation of an offshore trust will depend on the requirements of different offshore countries. When choosing the most appropriate…
Offshore trusts are great for asset protection with complete confidentiality. You can gain confidentiality and security with trusts due to the fact that it is not possible to identify the owner of a trust. The benefits gained from the unidentifiable of an owner is such that the owner can protect themselves from any liability in…