Seychelles Trusts

Licenced And Regulated In Seychelles

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+248 2632111

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Who can be a signatory for a trust bank account?

Technically anyone can because the banks do have any special requirements and the law and our Trust deed are also silent on the matter. However we strongly recommend against having a settlor or a beneficiary or their agents as a bank signatory and we may not accept a Trust if such an arrangement is specified.

The trustees are expected to be the bank signatories and the protectors could also be appointed as joint-signatories together with the trustees. This is because the trustees and to a lesser extent the protectors are the only parties who should have control. Bank signatories have control of trust assets, namely the cash funds.

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