Trust features
- Seychelles International Trust is exempted from local taxation subject to the above.
- An identifiable beneficiary should be defined at the moment of creation of a Trust. However, beneficiaries can be added and excluded at any time by the Trustees.
- A Settlor or Trustee may also be a beneficiary but shall not at any time be the sole beneficiary of the Trust.
- There is no disclosure of Trust Beneficiaries to Authorities.
- The minimum number of Trustees is one, and he must be licensed in the Seychelles.
- The assets of the trust may be anything other than a property situated in the Seychelles or any shares, debentures, or any interests in any body incorporated under the law of a country other than Seychelles.
- There is no requirement to file financial statements, but a Trust must keep records to show at any time its financial position.
- The language of legislation and documentation is English or French, or in any other language if accompanied by a translation into one of these languages.
|
|
