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Seychelles International Trust for Tax and Asset Management- learn how to setup!

The primary benefits of the Seychelles International Trust are in terms of the opportunities it offers by way of Tax minimisation, Financial Planning, Succession planning and Financial Privacy. The law also contains strong asset protection provisions.

Neither the name of the person establishing the Trust nor the persons who are to benefit from the Trust are disclosed to the Registry. Upon registration the Registrar simply issues a sealed letter confirming registration and specifying the name and registration number of the Trust.

The Seychelles International Trust also has significant appeal as a holding vehicle wherein it is deployed to hold shares in an IBC as this can enable the would be beneficiaries to defer or avoid tax on the profits of the IBC for an indefinite period.

Features & Benefits of Seychelles International Trusts

Other features of Seychelles Trusts include:

* A Seychelles Trust pays no taxes in Seychelles on its foreign income
* A copy of the Trust Deed is not required to be filed with the Registry
* A Seychelles International Trust can own property anywhere (except for land in Seychelles; though it can own shares and/or maintain bank accounts here)
* The Settlors or Trustees can themselves be Beneficiaries of the Trust
* The Settlor can choose whatever country's laws he prefers as the laws by which the Trust is to be governed
* Someone resident outside Seychelles may be appointed as a co-Trustee
* There is no requirement to mention the names of the Settlor or the final Beneficiaries in the Trust Deed
* The transfer of Property to a Seychelles Trust cannot be overturned by any foreign laws as to forced heirship
* A Seychelles International Trust cannot be voided by reason of a Settlor becoming bankrupt.
* The only way that a Settlor's creditors can attack a Seychelles Trust is by commencing legal action against the Trustee in the Seychelles Supreme Court seeking to have the Trust declared a sham.
* Any legal action to claw back assets transferred to a trust, must be brought within two years of the date of transfer of the disputed asset to the Trust.

Settlor's "wishes"
Whilst the Trustees administer the trust at their discretion, a Letter or expression of "Wishes" is commonly provided by the Settlor, setting out his or her wishes in relation to administration of the trust, including with respect to o distributions, timing of distributions, deletion or substitution of beneficiaries and etc. Though not bound by the expression of wishes the Settlor's wishes are commonly respected so as to ensure that the legal integrity of the Trust (in terms of its aim to assist the proposed beneficiaries) is maintained.

Asset Protection Provisions
The Seychelles International Trusts Act 1994 ("the Act") provides:

* "that notwithstanding any foreign laws, an international trust shall not be void by reason of the settlor's bankruptcy or liquidation of the settlor's property or in any legal action against the settlor by the settlor's creditors (except where the Seychelles Supreme Court finds beyond reasonable doubt that the trust was made with the intent to defraud creditors of the settlor or the settlor was insolvent at the time when the property was vested in the trustee. The onus of proof as to intent to defraud rests on the creditor claimant)" &
* "that a legal claim by a creditor shall not be permitted against a trustee of an international trust after 2 years from the date of transfer of assets into the trust. "
* This affords a would be legal claimant a very narrow opportunity to "attack" a Seychelles trust. In addition to the 2 year legal claim limit period, a claimant creditor ALSO has to prove his or her case "beyond reasonable doubt" (Which is higher than the usual civil onus of "on the balance of probabilities").
* Confidentiality
* Although a Seychelles International Trust is "registered" and a registration number allocated, the Trust Deed does not have to be filed with the Registry.
* There is no requirement to file with the Registry details of the Settlor or the beneficiaries (except for any beneficiaries who are Seychellois nationals)
* No information or document relating to an international trust can be made public, except by order of the Seychelles Supreme Court on application made by the Seychelles Attorney General and then only for the purpose of an inquiry into or trial relating to drug trafficking, arms trafficking or money laundering.
* Forced heirship
* Seychelles has strong anti-forced heirship provisions with regard to trusts. Neither an international trust nor any transfer or disposition of property to the trust can be invalidated by any foreign rule of forced heirship, nor because the trust concept is unknown to or not admitted by the laws of the foreign jurisdiction

Yes it makes sense from both a tax planning and asset protection perspective to have a PIF or Trust owing the shares of an IBC. Particularly the Foundation is a useful structure as the law here makes it plain that the owner of assets held by the Foundation is the Foundation not the beneficiaries thereof. That presents huge tax planning opportunities. See attached brochures which may be of use.

>International Trust - Seychelles

Seychelles International Trust for Tax and Asset Management- learn how to setup! | Grow Your Wealth Faster With A Cyprus Holding Company -

Day after day we have a lot of demands coming from corporations and businesses worldwide to open company bank accounts in Cyprus with the major banking institutions there.

Basically it is not difficult to open a business bank account in Cyprus by using banks for example Bank of Cyprus, USB Bank or every other Cyprus bank, nonetheless it will need your particular attention in the assortment of the specified paperwork!

We have built a detailed list Cyprus Bank Account requirements of the requirements as well as needed paperwork to assist you open a company bank account with the major banks in Cyprus as quickly as possible, most basically copy the requirements to their offshore company incorporation service and ask for them all in one package helping to make the whole task easy to achieve.

The most significant problem we frequently see when new clients which decided not to incorporated their company through CCLOGIC .COM for reasons yet unknown, is actually, the lack of understanding of what's needed, and never to forget that most simply not have the demanded paperwork despite the fact that these were in no way provided by the offshore incorporation agent they used for the company incorporation. Quite often there are expenses involved to request the extra documents needed from the current agent which we understand may occur as an shock for many, in other cases the nominee services given by the offshore company incorporation agent (if nominees are utilized) is not going to agree to supply the demanded documents like passport copy, utility bill and reference letter which will halt the whole process.

When you consider to open a corporate Cyprus bank account it is crucial that you clear all points together with your present offshore incorporation service prior to applying for the account and prior to making the payment, it is very time intensive to gather each and every document one by one as well as disappointing if your present agent isn't able whatsoever to provide.

To ensure that it is possible to open a Cyprus bank account for your organization, we have as stated before layed out in details what necessities there are, you can find it at link Cyprus Bank Account requirements

Regrettably the reason for the lack of docs is the fee many pay for the incorporation, daily we have requests on our services and many say we are too expensive and they turn to the competition for the offshore company incorporation just to come back later for the bank account opening and then we are where all troubles start, in 99% of all cases the client has to go back and pay twice the amount that we had charged initially to get all documents required, they get frustrated and sometimes even just incorporate a new offshore company directly with CCLOGIC.COM this incurs additional costs which could have been avoided if they have come to us from the beginning. We are very disappointed to see this happens and many times we try hard to help requesting the correct documents before the final decision is made to simply start from scratch and incorporate a new offshore company.

To come to the point, we would like you to succeed in the opening of a corporate Cyprus Bank Account, and for that reason we took the step to distribute this article in a pleasant mind to assist potential new clients to avoid all the stress as well as trouble it may be to open a corporate Cyprus Bank Account when the necessary paperwork can't be provided. You should explore the following link before you apply. Cyprus Bank Account requirements

CCLOGIC.COM certain requirements to open a Cyprus Bank Account for businesses | The advantage of using CCLOGIC Ltd for your Internet Online Business Learn more

Considering that we constantly make an effort to make improvements to our services along with information in terms of the Incorporation of a Cyprus Company or other Offshore Company for instant in the Seychelles, then we took this step to pin point probably the most essential inquiries we get everyday from current as well as new clients.

Any time one decide to incorporate a Company in Cyprus for regular trading you should realize that there are absolutely no demands in regards to visit Cyprus nor our office, everything is accomplished online.

Now some are uncertain of exactly what they have to supply of information in addition to paperwork to be able to incorporate a Cyprus company, the reply is right below here:

-- copy of passport

-- utility bill not older than 3 months

More on this topic can be found here: http://www.cclogic.com/faq/cyprus-company.html

I'm not a European union citizens may i incorporate a Cyprus company? That is once again one good question which also is relevant, the answer is, Indeed, you are able to incorporate a company in Cyprus irrespective where on earth you live, there isn't any limits whatsoever.

Will you supply an address for my Cyprus company in Cyprus? YES we will do that, and in comparison with our preditors who usually merely provide a P.O. Box address then we supply a proper address where we are able to receive mail for your company and forward it to you. Many charge extra for this while we don't.

Cyprus Banking:

Could it be necessary to visit the bank in Cyprus to open a bank account? This particular is among the numerous inquiries we receive by many when it comes to the opening of a bank account in Cyprus, the answer is, NO, it is not required to visit the bank nor Cyprus everything is handled online.

However, we have collected some of the many questions in our Cyprus Bank Account FAQ which can be found here : http://www.cclogic.com/faq/faq-cyprus-bank-account.html

What are the requirements to open a Bank Account in Cyprus? Another very common question, which we thought would be needful to give answers on right here:

1.Utility bill (phone or electricity bill) no older than 3 months.

2.A Copy of your current valid Passport (must not be expired)

3.Reference letter, which can be from a Lawyer, current Bank or certified accountants

4.Our Cyprus Bank Account application, which will be send to you once we receive your initial information through this form.

5.A CV from for the person which will be the account holder.

For Corporate / Business / Company bank accounts we will also need the following:

1.All corporate documents in English and Apostilled

2.Power of Attorney for the person that is opening the bank account

3.If the corporate documents are not in English, a official translated version needs to be provided.

4.Shareholder Certificate

5.A CV (& Business card if available) from the person that will be the account holder.

6.The banking application will need to be sent to our office in Cyprus by post mail or courier (Fedex, DHL etc.)

For companies which are older than 1 year we require a Certificate of Incumbency. For new companies we don't need that, however some banks will require a certificate of good standing for companies in certain jurisdictions.

Additional questions can be found on the FAQ link above relevant for Cyprus Bank Accounts.

The demand of forming a Forex Trading company in Cyprus is enormous and it is simply not possible for us to keep up with all the questions we get on our FAQ, we have published the most important information in regards to share capital, establishing fees and laws for a CIF license (Forex Trading license) on our website and as well in the FAQ which we update frequently.

The Forex Trading Company in Cyprus FAQ can be found here: http://www.cclogic.com/faq/forex-trading.html

Allow it to be stated already right now, it isn't inexpensive to incorporate a Forex Trading company in Cyprus, you will discover substantial requirements in order to accomplish this and yes it requires lots of share capital which actually is paid up, on the other hand, we have assisted many organisations conducting Forex Trading, so we can help you if you think we could be the right business partner for you.

Ready-Made / Shelf Companies / dormant companies do you have such available in Cyprus? Some of the many questions we get from clients who require a company right now because they are in the process to enter into some sort of investment, we have always at least 10 companies available which can be acquired by a client and that is ready to trade, we have even aged Companies available at present time from 2006/2007/2008/2009 please ask for a list. Also here applies, everyone can acquire a Cyprus dormant company online and regardless where they live.

Learn more about our Ready-Made Cyprus companies here http://www.cclogic.com/faq/ready-made-company.html

CCLOGIC.COM - The main things Incorporating a company in Cyprus | The advantage of using CCLOGIC Ltd for your Internet Online Business Learn also