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.
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