"Seychelles, an independent republic located in the Western Indian Ocean with proximity to Europe, Asia, Africa, Middle East and Australia, political independence and English Legal System of law and business. The Seychelles has grown to become one of the most sought after offshore jurisdictions of the modern era."
OFFSHORE TRUST
An offshore trust is basically a conventional trust that is
formed under the laws of an
offshore jurisdiction.
Main characteristics:
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To avoid inheritance tax and/or the problems of probate and inheritance laws in the settler's home country; |
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To defer or minimize tax on investment income imposed by the settler's home country; |
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To legally insulate the settler's assets from litigation, bankruptcy or seizure. |
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To hold or manage an offshore corporation engaged in international business activities thereby minimizing business or corporate taxes. |
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To protect wealth when a settler lives in an unstable country; |
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To permit a settler to enjoy privacy as to the nature of his investments and to whom he is providing benefits. |
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