Offshore trust

incorporate your new offshore trust today!

Combine your offshore trust

with nominee service, virtual office and bank account

quick, easy, affordable

The term "trust" is widely known and used, however there are often many misunderstandings as to what a trust actually is. The correct definition of a trust is an agreement or contract. It is not, as many believe a special type of company. It is purely an agreement -albeit a very special one, between three parties:

Settlor

The Settlor is the transferor of the assets into the trust. Any kind of asset can be transferred, funds, shares, cars, boats, real estate and even non entities such as patents or rights. Once the assets have been transferred into the trust this cannot be revoked. Once the Settlor has transferred all the assets into the trust he can legally declare that he does not then own them. This is of special interest in cases of bankruptcy, divorce and inheritance or legal claims. Trusts are one of the most preferred methods employed by US medics to protect their assets in case of malpractice claims being  brought against them.

Trustee

The trustee is the official manager of the trust. Officially the trustee must be independent from the Settlor and has all rights and full control over the actual running of the trust. Obviously few people would wish to pass that amount of control over their assets to a third party so generally the trustee will always act unofficially on instruction from the Settlor. It is possible to draft a separate agreement between the Settlor and trustee ensuring the Settlor retains full control. In order to act as trustee over any trust, the trustee must hold a special license. Coldwell have the benefit of using the services of a long established and reputable trustee.

Beneficiary

As the name suggests, the Beneficiary is the person or persons who finally receive the assets from the trust. The Settlor can be a named Beneficiary. All entitlements to beneficiaries must be set at the commencement of the trust and cannot be revoked or changed. Once the beneficiary has received the assets from the trust he is then liable to declare this and pay due taxation. The Beneficiary can receive regular payments from the trust, for example from the interest or can wait for the expiry of the trust and receive all assets and interest in full.

Advantages of a trust:

the settlor can transfer any assets he has and legally declare he does not own them

no assets that belong to the trust can be seized

potential inheritors cannot make claims against the trust

trusts are exempt from taxation

Disadvantages of a trust:

trusts cannot engage in business but purely manage and protect the existing assets

trusts have a maximum duration period of 99 years

the Beneficiaries are liable for taxation upon payout of the assets

once a trustee has been selected it is almost impossible to replace him

Trust
registration of a trust including:  name check  verification of legalities  preparation of documents to gain liability protection  preparation of registration forms  handling the filing and registration with notary and government offices  notarial certification  payment of filing fees  issuing trust deed
Fees trust	4.800,- Euro
Your order is important to us and we guarantee professional services. Incorporate your trust today. Quick, easy, affordable. Click here to open the order form in a new window. If you experience problems opening the order form, please call customer support at +44 20 7117 0 700.
You can add the following services to your trust:
optional | additional certificates
apostille as Hague convention 5 October 1961	90,- Euro
certificate of incumbency	90,- Euro
Information:   An apostille confirms the certificates are true and authentic. The certificate of incumbency summarises all company details. Your new company will be fully operational without the above two documents. For bank account applications however both documents are mandatory. We recommend ordering them together with the company formation to avoid delays and additional costs.
optional | privacy protection shield
nominee service through lawyers	490,- Euro
Information:   For the highest level of privacy protection we offer a lawyer to form the company on your behalf. That prevents your personal details from being released to the authorities at any time. Once incorporated the lawyer hands the full and sole control over to you. As a result you have utmost confidentiality together with the entire control.
optional | virtual offices
1 year standard virtual office	190,- Euro
1 year professional virtual office	990,- Euro
Information:   Both virtual office services include a prestigious address with phone and fax numbers. The standard Edition will direct calls to an answer machine with your company greeting and recorded messages are then sent via Email. The professional Edition includes permanent live call forwarding to any number world wide.
optional | bank accounts
offshore banking, Belize	490,- Euro
offshore banking, Cyprus	490,- Euro
offshore banking, Dominica	490,- Euro
offshore banking, Dubai	490,- Euro
offshore banking, Isle of Man	490,- Euro
offshore banking, Latvia	490,- Euro
offshore banking, Panama	490,- Euro
offshore banking, Seychelles	490,- Euro
offshore banking, St. Kitts	490,- Euro
offshore banking, Switzerland	490,- Euro
Information:   Our account opening service offshore Banking offers feature rich business checking accounts. The accounts offer internet banking, multi currency services, cheques and a VISA card with a daily limit of 10.000,- Euro to withdraw cash at any ATM worldwide. There is no check on your credit history. Offshore banks offer the highest level of privacy protection and are tax free.
recurring fees from 2nd year on
company renewal	1.800,- Euro
incl. maintenance
incl. registered office
incl. registered agent

Contact us

We are always glad to receive your phone call. Our team of experts are on hand to answer any questions you may have, free of charge and without obligation. So don't hesitate to contact us.

Office hours: Monday to Friday, London time
9.00 am to 12.00 noon and 1.00 pm to 6.00 pm

Phone: +44 20 7117 0 700
It is currently  in London