Benefits of Offshore Trust Formation Services in Seychelles

Posted by Sterlingoffshore on June 17th, 2016

There’s a reason why the affluent rely on offshore trust formation services. Having assets in your name may expose you to certain risks, like taxes or lawsuits. With offshore trust formation services in Seychelles, you can easily put your wealth under safekeeping.

An offshore trust is a form of asset protection strategy that helps in adding an extra protection layer to your wealth and to keep it from entities that may try to seize it. An offshore trust formation is pretty much the same as traditional asset protection trusts available in your home country. It involves the same people: a trustee and a settlor as well as the beneficiaries. The only difference is that with offshore trust formation, the trustee is the financial institution or bank. Using offshore trust formation services correctly can help your business lower your taxes and give you access to legal wealth protection strategies.

The trouble with the western world is that it is becoming more litigious; governments are known to intrude on the civil liberties and privacies of individuals and companies. With the development of technology, hackers are able to tap into western banks—and they are known to go after individuals who have sizeable assets and high net worth, as well as wealthy families.

Offshore trust formation services provided by experts in Seychelles can create a suitable solution in that is ideal for you or your company. A typical offshore trust formation process involves the following steps:

• Consultation – To be able to create a trust, you need to provide your requirements and other details about your assets. Trustworthy service providers will assess these and propose the best strategy. A proposal of services and corresponding fees will then be submitted to you so you can decide if you want to hire them.
• Drafting – Once you have decided on the services and structure given by the trust formation services provider and you have settled the invoice payment, a trust deed, and other relevant documents will be drafted.
• Transfer of Assets – Service providers will become the trustee once you transfer of title of assets. Assistance with execution and even preparation of legal documents needed to affect transfers will also be provided.

Offshore trust formation services will ensure the transfer and safekeeping of your wealth will be smooth and steady. You don’t have to do your research on the jurisdictions of Seychelles as trust formation service providers should be able to explain all these to you in detail.

About the Company:

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations, institutional investors, high net worth individuals and families as well as their intermediaries. Whether an end user of our services or an intermediary, Sterling provides an efficient, personalized approach to ensure smooth, efficient delivery of services that meets the requirements of each client.