Seychelles is yet another island country,only this time it found in the Indian Ocean. As with every island country most of its gross domestic product comes from the export of goods, mostly salmon, and also from tourism. The population of Seychelles is very mixed. Having British sailors, French settlers, Africans, and traders from the Middle East. The most widely used language is creole, but french and English are also the official languages in the country. For business English is mostly used.
Showing posts with label trustee. Show all posts
Showing posts with label trustee. Show all posts
Thursday, 15 May 2014
Saturday, 10 May 2014
Offshore trust
Trust that is formed using the laws of the specific offshore country is called an offshore trust. The general idea is the same as with an onshore trust, only difference is that the laws are different. Usual choices for an offshore trust are in countries with more favorable laws that in the country of the trustee residence.
Usual uses of an offshore trust
One of the most common use for an offshore trust is asset protection.
Capital markets or finance transaction in a company witch shares are held by a trustee.
There are even more uses for the use of a trust, but the main idea and purpose of a trust is complete legal confidentiality for the actual owner of any thing of value.
Trustee
Trustee is refereed to as an physical of legal person who has entitled the rights of the investors funds, real estate, or even company. The trustee is vied by the law as the owner of any of the previous mentioned things, but is not the actual owner. This is the main purpose of trusts, as to legally change the owner of a said thing, with a legal document that states that the actual owner is a different person.
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