Opening an Offshore Bank Account in Seychelles: Fast and Simple

A Seychelles offshore bank account can be a great tool to aid your business success. A no-tax jurisdiction operating under the British common law system, Seychelles also enjoys its own legislation, which makes it an excellent place to consider offshore company formation. Setting up a company in Seychelles also offers the advantage of setting up an offshore bank account, which shields you from the rigorous rules of the EU or your country of residence. 

Depending on your financial activities, your business profile, and your requirements, there is a right offshore bank account Seychelles to suit your needs and purposes. Seychelles banks enjoy great stability and reputation, making them attractive options for those who want to protect their assets, while taking advantage of ultimate confidentiality and banking secrecy. Movement of funds in Seychelles is non-restrictive and free, so you can deposit any amount of money in your Seychelles offshore bank account in the morning and channel it away in the afternoon without questions asked and without huge tax fees to worry about. 

Opening a bank account Seychelles is also fast and easy and the best of all, it doesn’t require an applicant’s physical presence so everything can be done overseas. Some of the main features of a Seychelles bank account you can look forward to include: 

• Internet banking where you can control your account, check your activities, obtain bank statements, and even order your check book from.

• An ATM or debit card that is valid all around the world for withdrawing cash, paying for hotels, shopping, and more.

• Multicurrency features at no extra cost to save money on exchange rates and fees.

• Bank account confidentiality, following strict protocols of Seychelles banks. 

Opening a bank account in Seychelles takes an average of 15 days, provided that you can supply basic documents needed to secure the account.

Offshore Trust Formation and Services – Essential Guide

Offshore trust formation is an integral part of asset, wealth, and tax planning across the globe. Before becoming the sophisticated financial planning tool. Today, the trust began as a simple agreement between a landowner (settlor), a trusted relative or friend, and the landowner’s dependents (beneficiaries). Today, trusts are governed by the sets of modern laws that are designed to meet the needs of settlors and beneficiaries who employ professional trustees in order to protect their wealth. Offshore trust services can provide valuable assistance to those who want to administer a trust competently in accordance with a settlor’s long-term wishes.

One of the most important things you should know about a trust is that while the trustee is granted legal title by the settlor, he or she is obliged to care for and look after the transferred property for the future benefit and enjoyment of the beneficiaries. A trustee therefore, can be considered a custodian who can’t personally benefit from trust assets from charging a reasonable fee for its care. All rights to the asset or assets in question belong to beneficiaries who also have the legal right to force trustees to act according to the terms specified in the trust instrument as well as the laws that govern the trust. Trustees on the other hand, must never act in an illegal manner.

Historically, trusts were made as private agreements between individuals, with trustees being a family member or a friend. Today however, there is a growing interest in offshore trust formation for different kinds of assets, ranging from personal properties to more complex investments. Protecting your assets and reducing tax on your properties and investments can be more effective with the help of professional offshore trust services that can help you establish a trust and make the most out of this increasingly sophisticated tax and asset planning tool.