Seychelles International Trust, Irrevocable Trust

Republic of Seychelles
International Trust

Privacy Rights
Common Law

Worldwide Tax
0%

Government Fees
$100 (USD)

Registration Time
1 Business Day

A Seychelles International Trust is an irrevocable trust established generally in perpetuity of 100 years or a Private Trust Company (PTC) may be created using an international trust as a revocable instrument in order to retain varying levels of control of the trust without jeopardizing the "validity" of the trust. The Seychelles Court has jurisdiction for all matters relating to a Seychelles International Trust and any transfers of property into the trust may not be voided or invalidated due to any foreign rule of forced heirship. A Seychelles International Trust will also remain in full effect even if the trust concept is not recognized or admitted under the laws of the foreign jurisdiction.

All

Enter the category for this item: Confidentiality

Enter the name for this tabbed section: Confidentiality and Privacy

The Republic of Seychelles is an independent nation and has avoided entering any information sharing agreements with other countries in exchange for foreign aid. Seychelles is also not subject to the EU Savings Tax Directive as are some United Kingdom overseas territories. Unless a person is wanted for serious international crimes and is being investigated by the Financial Intelligence Unit for something like money laundering or INTERPOL suspects them for human trafficking, the Republic of Seychelles does not share or report any information to overseas "principles" or organizations. Seychelles laws regarding secrecy impose a duty on professionals to keep the affairs of their clients strictly confidential.

Enter the name for this tabbed section: Confiscation Provisions

Where any foreign government authority, by way of nationalism, expropriation, confiscation, force or duress, or by imposition of any confiscatory tax, assessment, or other governmental charge, takes or seizes any beneficial interests or other interests in a Seychelles International Trust, a Seychelles court decision may be obtained ordering the company to disregard the attempted seizure and continue to respect the rights of the Seychelles International Trust beneficiaries.

Enter the category for this item: Corpus

Enter the name for this tabbed section: Settlor

A settlor is the person who created the trust. A settlor of a Seychelles International Trust may be an individual or a legal entity. A settlor may not be a resident of Seychelles at any time during the existence of the trust.

Enter the name for this tabbed section: Trustee

A trustee is the person who holds and disburses the assets of the trust. A Seychelles International Trust permits a trustee to be an individual or legal entity residing absolutely anywhere in the world. At all times the must be at least one Seychelles resident trustee who is a licensed International Trustee Service Provider. A settlor may be a trustee, but not the sole trustee.

Enter the name for this tabbed section: Protector

A protector, sometimes known as a compliance enforcer, is the person who oversees the trustee and activities of the trust. The appointment of a protector must be provided for in the Trust Deed. A protector is generally given powers for the appointment and removal of trustees. The rights for a Protector to amend the Trust Deed must be clearly indicated in the Deed.

Enter the name for this tabbed section: Beneficiary

International Trust Act, 1994
Part III - Creation of International Trusts
Section 17 - Beneficiaries of an International Trust

(1) A beneficiary shall be -

(a) identifiable by name; or

(b) ascertainable by reference to -

(i) a class; or

(ii) a relationship to another person, whether or not living at the time of the creation of the trust or at the time by reference to which, under the terms of the trust, members of a class are to be determined.

Enter the category for this item: Features of Trust

Enter the name for this tabbed section: Seychelles - International Trust

Republic of Seychelles

Trust Laws

Official Document Language

Resident Agent Required

Registered Office Required

Resident Secretary Required

Trust Taxation

Double Taxation Avoidance Agreements

Income Tax and Business Tax

Detailed Client Application Required

Minimum Settlors

Company Settlors Allowed

Residency of Settlors Allowed

Register of Settlors

Register of Settlors Public Record

Minimum Trustees

Company Trustees Allowed

Residency of Trustees Allowed

Register of Trustees

Register of Trustees Public Record

Company Protectors Allowed

Disclosure of Beneficiaries to Registered Agent

Disclosure of Beneficiaries with Registrar

Annual General Meeting Required

Minimum Funding

Capital Considerations

Subject to Currency Controls and Restrictions

Application Fees

Annual Government Fees

Keeping of Accounts Required

Filing of Accounts and Returns Required

Annual Government Return Filing Fees

Auditing of Accounts Required

Re-Domicile from a Foreign Country

Re-Domicile to a Foreign Country

Shelf Trusts Available

Registration Time

International Trust

International Trust Act, 1994

English

Yes

Yes

No

0 % of Worldwide Income

No

No

No

1

Yes

Non-Seychellois

In Private Possession of Registered Agent

No

1

Yes

Yes (International Trust Service Provider)

In Private Possession of Registered Agent

No

Yes

Yes (Due Diligence Requirements)

No

No

$1

Unlimited

Any Currency or in Kind

$100

No

Yes

No

No

No

Yes

Yes

No

1 Business Day

Enter the name for this tabbed section: Due Diligence Information

The Seychelles Anti-Money Laundering Act of 2008

imposes due diligence obligations upon all financial intermediaries requiring evidence of identity, residence and source of funds prior to entering into a business relationship. All international orders are required by law to provide Due Diligence Information.

Enter the category for this item: Financial

Enter the name for this tabbed section: Financial Reporting

A Seychelles International Trust is not required to prepare or file any financial accounts and is free to arrange its accounts in any manner fitting to establish and maintain reasonable accuracy of the foundation's financial position.

Enter the name for this tabbed section: Funding

A Seychelles International Trust may include anything not specifically mentioned in the International Trust Act.

International Trust Act, 1994
Part VIII - Protective Trusts, Class Interests and Exercise of Certain Power
Section 56 - Permitted investments

(1) Subject to Section 4, the terms of an international trust may authorize the trustees to invest trust property in securities and investments with or without conditions or restriction.

International Trust Act, 1994
Part II - General Provisions
Section 4 - International Trust

(1) An international trust is a trust or a constructive trust in respect of which -

(c) the trust property does not . . . include -

(i) any property situated in Seychelles.

Enter the name for this tabbed section: Books and Records

A Seychelles International Trust is required to maintain accounting records.

Enter the name for this tabbed section: Government Licensing Fees

Although there is an initial $100 government fee, there are no annual government fees for a Seychelles International Trust.

Enter the category for this item: Names and Rules

Enter the name for this tabbed section: Names

The Trust Deed is a private document and not filed publicly and may therefore be named in any manner desired. Generally, the type of trust is listed in the trust name.

Enter the name for this tabbed section: Name Endings

Trust

International Trust

Charitable Trust

Purpose Trust

Enter the name for this tabbed section: Rules of Operation

A Seychelles International Trust is created for the management and distribution of assets in accordance with the trust agreement for the purpose of estate planning and family succession, charitable causes as in a charitable trust or other specified reasons as in a purpose trust.

Enter the category for this item: Structuring and Taxes

Enter the name for this tabbed section: Structuring

A Seychelles International Trust is a contractual agreement between the settlor and the trustee and not a separate legal entity. A current register (complete contact information) of beneficiaries must be kept at the office of the local Seychelles resident agent.

Enter the name for this tabbed section: Tax on Worldwide Income

A Seychelles International Trust is completely exempt from business tax, withholding tax, capital gains tax and stamp duty in Seychelles.

Enter the name for this tabbed section: International Trust

Order Form

CFMA

Due Diligence

$ 3,750

Complete Formation

Either Revocable or Irrevocable International Trust
Statutory Due Diligence for Up to Two Persons
One Hour of Legal time for Initial Consultation
Two Hours of Legal Time to Draft International
Creation of the Trust File and Database
Registration of Trust Declaration with SIBA
Government Registration Fees ($100)
Licensed Resident Seychelles Trustee
Fees of 0.2% Apply When Assets Exceed $10 Million
Safekeeping of Registers, Books and Records
One Year of Customer Support
Annual Business Review
Registration Time is 1 Business Day

Enter the name for this tabbed section: Annual Renewals

$ 1,525

Annual Renewals

Statutory Due Diligence for Up to Two Persons
Licensed Resident Seychelles Trustee
Fees of 0.2% Apply When Assets Exceed $10 Million
Safekeeping of Registers, Books and Records
One Year of Customer Support
Annual Business Review

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Asset Protection Services International, SRL