Ways to Use an Asset Protection Trust in Seychelles

Setting up an offshore trust account in Seychelles is one of the most popular asset protection solutions you can try. Aside from protecting your money from creditors and the tax man, an offshore trust account in Seychelles can also be useful in many other ways:

• Privacy - An offshore trust is a legal alternative to a will. If you have a traditional will, tax authorities in your country will require a list of all assets, including estate duties from your heirs. Set up a Seychelles trust account instead so that the government or tax authorities cannot touch your assets.
• Tax planning - To minimise the amount of taxes that can be withheld from your money, use an offshore trust account. As a non-resident, account holders can even be tax exempt, depending on the circumstances.
• Pension plans - Banks and insurances offer many products for retirement, but not all of them are able to offer sufficient solutions. Another trouble with retirement plans is they are usually fixed. Trust fund providers that can offer bespoke solutions to ensure the asset protection will meet your goals and needs.
• Unit trusts - Most investments hardly beat inflation. Trust fund providers can help you use an account in Seychelles as an investment vehicle for bigger gains.
• Spendthrift protection - If you are worried about the future of your children, setting up a protection trust in Seychelles is a good solution. It will allow you to distribute funds to your beneficiaries based solely on your terms.
• Charities. Seychelles supports charitable purpose trusts, and setting up an account in the country enables you to do your part in the eradication of illiteracy and poverty.

When you set up a trust in Seychelles, make sure to have it handled by a licensed provider. All your money will be as good as gone if the provider is unreliable and is not regulated by the Financial Services Authority.

Offshore Company Registration - Finding New Ways to Survive

It’s becoming harder and harder to do business in the west, with the virtual annihilation of bank secrecy laws and the ever-growing taxes imposed on certain income brackets. These are but a couple of the reasons why global entrepreneurs and HNWI are forming offshore companies through which to conduct global business or investment. While offshore banking and company registration has always been popular among the wealthy, it is a viable solution even for those with more modest assets. It doesn’t have to cost a lot to put up a company offshore. The key is to register your company at an offshore location where capital requirements are low.  In fact, in some areas, a stated minimum capital isn’t even prescribed..

Ifyour company is tax exempt or subject to a low statutory tax rate in the jurisdiction of incorporationyou mayalso enjoy lower taxes. Your business entity might even become tax-exempt, depending on the laws in the jurisdiction or your particular situation. The guidance of a good tax advisor should be sought to explore all the possiblebenefits.

Maintaining an offshore company can be affordable as there are offshore solutions designed specifically to lower management and administrative expenses. Some of the best offshore company registration providers can cover everything you need for registering your company, be it a local corporate secretary, local registered agent, or a registered office. They can even offer a virtual office for your business address, mailing address, and mail forwarding as well as telephone number, professional directors, officers, management services and more. You can save a lot of money by not having to set these things up yourself.

Make sure that the licensed offshore company registration provider you hire will be able to offer guidance when it comes to regulatory requirements and company laws. A good registration provider should also be able to discuss and assess key requirements and objectives to find the best company solution for you.

Offshore Company Formation - Reasons and Benefits

An offshore company can give you the benefits of tax reduction or even exemption. This depends on the location of your company and the type of business you are running. Aside from lower taxes, there are many other reasons and benefits to offshore company formation. Here are some:

• Privacy. It is often the case that the directors of an offshore company are not in the public record.  In most cases, the legal framework will also provide that the shareholder are not requiredto be publicly conveyed.  In any case it is possible to appoint professional directors, nominee shareholders and the like.
• Protection of assets. Running a business in a competitive industry can be very risky, so it is important to get as much protection for your assets as possible. There are offshore jurisdictions that are renowned for favourable asset protection laws. It is often best to complement your offshore company with offshore banking facilities, too.
• Lower operating costs. The maintenance expenses involved in an offshore company is generally lower, thanks to the solutions a company formation provider can offer.  Instead of renting space and buying supplies for a physical office, for example, you can opt for a registered office and virtual office instead. There are also company formation providers that can offer management and administration services with their package so that way it is not a separate cost. Starting up a company is also often cheaper offshore. For instance, minimum paid up capital requirements are often as low as 1 share of any amount and currency.
• Ease of reporting. With an offshore company, the laws often provide a less onerous and more flexible approach to annual reporting and accounts. This, of course, depends on the location of your offshore company. But in most cases, the relevant legal provisions in this regard are more accommodating thanfor an onshore company.

If you are looking to form an offshore company, contact an offshore company registration and formation provider that can offer you the best solutions that will fit your needs. Some firms offer pre-set packages, but the best ones can provide tailor-made, bespoke company solutions. Another important thing is to check if the company provider is regulated and licensed by the Financial Services Authority.

Offshore Company Formations for Asset Protection in Seychelles

Seychelles is one of the countries and jurisdictions offering attractive opportunities for offshore company formation. The country has been providing options in offshore company formation since the International Business Companies Act was passed in 1994, and this led to rapid growth in that sector (which is known for its excellent protection regulations). Seychelles has modern legislation and an efficient registrar  making it one of the best jurisdictions to set up an offshore company. It’s easy to see why it continues to thrive as an offshore financial centre.

You can set up an international business company (IBC) in Seychelles to take advantage of a stable and supportive environment. The Republic of Seychelles is an independent member  of the British Commonwealth, and its stable political environment makes it well suited for offshore company formations. There are consultants offering complete offshore company formation packages in Seychelles, with the assurance of support by regulatory and legal authorities.

Seychelles may be the best country to form your offshore company if you want to protect your assets. Its tax-neutral IBC along with tax-neutral trust, foundations and other entities makes Seychelles an ideal offshore environment. The offshore company formation market in Seychelles boasts one of the world's fastest growing registries due to its innovation, wide range of services, and efficacy. Businesses and investors prefer Seychelles for its flexible incorporation regulations, strong confidentiality laws, and low cost. This way, they are able to form an offshore company efficiently.

Apart asset protection, there are many other potential business uses for IBC company in Seychelles. IBCs are used for international trading, professional services and to hold and protect intellectual property and other assets. Likewise, a Seychelles IBC can be used for leasing other assets, financial management, and estate planning. Seychelles has reasonable and standard license fees and does not have any minimum capital requirement. You only need to name a director and a shareholder. Consider forming your offshore company with help from a licensed and regulated consultant that specialises in Seychelles offshore company formation and management.