How do you protect a company’s assets?
How do you protect a company’s assets? Protect your most important assets
How do you protect a company’s assets? Protect your most important assets
Yes, provided the terms of the trust and the other country’s trust laws allow it. We would only accept the trust if it was a simple irrevocable discretionary trust holding company shares. The trust records need to be complete and accurate and we would have to review the files first. Our fees will be much higher than for a new trust because there will be considerably more work involved to ensure that we will be able to act and that we will be able to properly perform our duties as trustees.
This document does not exist for a Seychelles International Trust. A Seychelles Trust is not renewed like a company is renewed. It simply remains in good standing so long as the conditions for a valid Trust are maintained. There are certainty of intention (it must be clear that assets were intentinoally transferred into the Trust by the settlor), certainty of assets (it must be clear what those assets are), and certainty of objects (it must be clear who the beneficiaries are or the causes that will benefit from the trust). Additionally so that we may treat a Trust as being in good standing, our fees must be paid and requests for information and updated documents must be followed. We understand that a bank may ask. What they can have is a certificate of good standing for the corporate trustees.
Before the trust has been established the settlor and settlor’s representatives are our client. After establishment the beneficiaries are our clients. We may only take instructions from the settlor before the Trust is established. After the Trust is established we must act in accordance to the terms of Trust already established and we can only be guided by the settlor and the settlor’s representatives through non-binding letters of wishes. After the trust has been established we cannot follow the instructions of the beneficiaries either but we will consider their requests and other comments.
Once a trust has been established the settlor is not supposed to instruct the trustees. The settlor may provide guidance through an instrument called a letter of wishes but this is not binding on the trustees. However we can be congenial trustees provided the settlor’s wishes are in accordance to the terms of the trust and are in the best interest of the beneficiaries. Before the Trust has been established we regard the settlor as the client and we can correspond directly and actively with the settlor on any matter in order to determine the terms of the Trust.
Usually no, especially if you are an established client or you are working with a professional intermediary or introducer who already has an established relationship with us. We will usually process most orders before receiving payment and we are happy to email documents to you before sending by post or courier. We do not officially extend credit, we do not have fomalized credit terms with our clients, but because we mostly work with professional clients we do allow for payment to be made shortly after completion of orders. We also allow our more active and established professional clients to pay on a monthly or quaterly basis which is usually more convenient for them and helps them to avoid bank charges and accounting costs. Virtually all of our professional clients settle all their invoices promptly and without any problems. For first time clients, particularly end-user clients who are not working closely with a professional client or who were not referred to us by a well-established client, we may wait for payment (and initial Trust funds) before starting Trust registration procedures.
For a Seychelles trust only English and French names are allowed although made-up words may also be approved with an explanation. Documents not in English or French must be translated into English or French.
No. At the very least we need to receive all information and good quality certified documents via email for us to consider this request. For new clients and those not working with a esblished professional intermediary client we also request for the initial funds to be settled. This can be a small amount of say 100 United States dollars to help ensure that a valid Trust exists at the time of registration.
Please email, Skype, call or fax us to get our trustee services prices list. For trusts that keep to our restrictions we charge a simple flat fee per annum and our fee is very competitive.
We will need the names of the settlor, beneficiaries, protectors, and their advisors. We will need the Id and proof of address documents for all parties involved. We will need details of the assets that will be settled in the trust. We also need to know the reasons for wanting to establish a Seychelles trust.