People protect what they love.

                                                                                       ~ Jacques Yves Cousteau

Standard

$2000
  • Free Name Application
    You can have unlimited name applications for free but usually 3 tries will guarantee success
  • Trust Formation & Registration
    Formation and registration is usually completed within 48 hours
  • Declaration Of Trust Or Trust Deed (2 Original Documents)
    We provide a standard declaration of trust instead of a trust deed. The declaration of trus is signed by A.C.T. as trutee only to help preserve privacy.
  • First Resolution Of Trustees
    This clearly confirms all the initial particulars of the Trust and also covers consent of the Trustees.
  • Register Of Trustees
    All Trusts are required to maintain this by law.
  • Register Of Settlors
    All Trusts are required to maintain this by law.
  • Register of Beneficiaries
    All Trusts are required to maintain this by law.
  • Registered Trustee Services For 1 Year
    All Trusts require a licensed Trustee in Seychelles.
  • Registered Office For 1 Year
    The address Oliaji Trade Centre - 1st Floor will be your Registered Office address.
  • Mail forwarding
    Mail forwarding for a reasonable amount of mail received each month is included in all our packages. All mail received over a 30 day period is placed in a big envelope which we post to you or drop in a courier on completion of a pending order.
  • Drafting Of Minutes & Assistance With Other Ancillary Documents
  • Courier
  • Passive Arrangements With No Co-Trustees Allowed
  • Keeping Of Accounting Documents And Schedule Of Assets Only
  • $2000

Enhanced

$3500
  • Free Name Application
    You can have unlimited name applications for free but usually 3 tries will guarantee success
  • Trust Formation & Registration
    Formation and registration is usually completed within 48 hours
  • Declaration Of Trust Or Trust Deed (2 Original Documents)
    We provide a standard declaration of trust instead of a trust deed. The declaration of trus is signed by A.C.T. as trutee only to help preserve privacy.
  • First Resolution Of Trustees
    This clearly confirms all the initial particulars of the Trust and also covers consent of the Trustees.
  • Register Of Trustees
    All Trusts are required to maintain this by law.
  • Register Of Settlors
    All Trusts are required to maintain this by law.
  • Register of Beneficiaries
    All Trusts are required to maintain this by law.
  • Registered Trustee Services For 1 Year
    All Trusts require a licenced Trustee in Seychelles.
  • Registered Office For 1 Year
    The address Oliaji Trade Centre - 1st Floor will be your Registered Office address.
  • Mail forwarding
    Mail forwarding for a reasonable amount of mail received each month is included in all our packages. All mail received over a 30 day period is placed in a big envelope which we post to you or drop in a courier on completion of a pending order.
  • Drafting Of Minutes & Assistance With Other Ancillary Documents
  • Courier
  • Active Arrangements With No Co-Trustees Allowed
  • Preparation Of Annual Trust Accounts
  • $3500

Premium

$15,000
  • Free Name Application
    You can have unlimited name applications for free but usually 3 tries will guarantee success
  • Trust Formation & Registration
    Formation and registration is usually completed within 48 hours
  • Declaration Of Trust Or Trust Deed (2 Original Documents)
    We provide a standard declaration of trust instead of a trust deed. The declaration of trus is signed by A.C.T. as trutee only to help preserve privacy.
  • First Resolution Of Trustees
    This clearly confirms all the initial particulars of the Trust and also covers consent of the Trustees.
  • Register Of Trustees
    All Trusts are required to maintain this by law.
  • Register Of Settlors
    All Trusts are required to maintain this by law.
  • Register of Beneficiaries
    All Trusts are required to maintain this by law.
  • Registered Trustee Services For 1 Year
    All Trusts require a licenced Trustee in Seychelles.
  • Registered Office For 1 Year
    The address Oliaji Trade Centre - 1st Floor will be your Registered Office address.
  • Mail forwarding
    Mail forwarding for a reasonable amount of mail received each month is included in all our packages. All mail received over a 30 day period is placed in a big envelope which we post to you or drop in a courier on completion of a pending order.
  • Drafting Of Minutes & Assistance With Other Ancillary Documents
  • Courier
  • Active Arrangements With Co-Trustees Allowed
  • Preparation Of Annual Trust Accounts
  • Customization Of Trust Deed Or Bespoke Trust Deed
    You can provide your own trust deed which will then be vetted by a Seychelles attorney.
  • Assistance With Bank Account Opening
    Your input may be required in some parts.
  • $15,000

Not sure which package to choose?

Not to worry! We are happy to help.

Everything you need to know

Applicable law

International Trust Act, 1994

Authority

Seychelles Financial Services Authority (FSA) – formerly Seychelles International Business Authority ( SIBA).

Taxation

Seychelles Trusts are exempt from all taxes

Trustee

One trustee required to be in licensed in Seychelles. We A.C.T. – Offshore Limited will be the licensed Resident Trustee.

Bank Account

A Trust can open a bank account anywhere in the world as well as in Seychelles and have full access to the foreign currency.

Confidentiality

Disclosure of any information or document relating to an International Trust is strictly prohibited by law, except under an injunction of the Seychelles Supreme Court on application made by the Seychelles Attorney General and only for the purpose of an inquiry or trial into or relating to the trafficking or narcotics and dangerous drugs, arms a trafficking or money laundering.

Language

English Deeds and Declarations are allowed.

Disclosure of the names of settlor and beneficiaries

No, unless the latter is a Seychellois national or a body corporate in the Seychelles

Type of structure

Trust

Registration Fee

Government fee of USD 100

Registration time

One day

Non-English Names

Acceptable as long as the word Trust is mentioned at the end of the name.

Exchange controls

No

Migration

Seychelles legislation permits migration of trusts registered in other jurisdictions into Seychelles as well as out of Seychelles.

Legal

Any civil proceeding in respect of a Trust has to be heard in the Supreme Court.

Can the settler or Trustees become beneficiaries?

Yes, the settlers or trustees can themselves be names as beneficiaries under the trust.

The settlor, however, cannot at any time during the duration of the trust be a resident of Seychelles, but at least one trustee has to be a resident of Seychelles.

Frequently Asked Questions

What is a Trust?

A trust is a private legal arrangement that results from a formal transfer of assets (which might include property, shares or cash) to someone else (in practice usually not just one person but a small group of people or a trust company) for them to look after and to manage so as to benefit a third person or group of people.

The person (which can be a natural person or an legal entity) who transfers ownership in the assets is called the Settlor but he can also be called the Grantor or Creator. The who people who look after the assets and manage them are called the trustees. The people who will benefit from the arrangement are called the beneficiaries. The trustees are the “legal owners” of the assets and the beneficiaries are the “beneficial owners” of the assets (or rather they may have an interest in the trust assets). The concept comes from English Common Law which recognizes the separation of legal ownership and beneficial ownership.

A trust is not a separate legal entity like a company. A Trust cannot own assets in its own name, the trustees legally own the assets. Some people associate it more with contracts than with legal persons but it is also not a contract.

What is a Seychelles International trust?

A Seychelles International Trust is registered under the Seychelles International Trusts Act 1994 as amended by a non-resident settlor. The settlor cannot at any time be a resident in Seychelles but residency is actually equated with domicile. The settlor can reside in Seychelles for a period of time provided that he does not become domiciled in Seychelles.

A Seychelles Trust requires a resident trustee which must be a corporate trustee licenced by the Seychelles International Business Authority.

Additionally if any of the beneficiaries are Seychelles nationals their names must be disclosed to the Seychelles International Business Authority.

Another restriction is that the Trust cannot own immoveable property in Seychelles. In relation to Seychelles assets it can only own Seychelles IBC shares and maintain cash in a Seychelles bank account.

Does Seychelles trust law have anti forced heirship provisions?

Yes it does. A rule of forced heirship  is any rule of law in a jurisdiction other than Seychelles which in order to protect or give effect to the rights of any person or class of persons to inherit, succeed or to share in the settlor’s property on the settlor’s death, removes the settlor’s right to deal with the property as he wishes.

Section 10(2) of the Act says: “neither the trust nor the transfer or disposition shall be invalidated by any foreign rule of forced heirship, or by reason of the fact that the concept of trust is unknown to or not admitted by the law of a jurisdiction other than Seychelles;”

Can a Seychelles trust invest in Seychelles?

A Seychelles International Trust is only allowed to own shares of Seychelles International Business Companies (IBCs) but note that a Seychelles IBC cannot have an interest in immoveable property (land, buildings) in Seychelles. So a trust can only invest in Seychelles via a Seychelles IBC that does not have interests in immoveable property in Seychelles. For Seychelles property investments, provided that the settlor will not become domiciled in Seychelles, a Seychelles trust can own the shares of companies registered in other countries (like Belize IBCs) that in turn own a domestic company that in turn owns Eden Island properties, or other local properties where government sanction has been granted.

Does a Seychelles International Trust need to pay taxes?

No not in Seychelles. Trust income derived from a source not in Seychelles is totally exempt.

Does a trust need to keep books of accounts and other records?

Yes the trustees must keep complete and accurate books of accounts and other records. If there are co-trustees we as the resident trustee would regularly need documents and information relating to their activities to ensure that our records of the Trust is complete and accurate as well.

Who can be a signatory for a trust bank account?

Technically anyone can because the banks do have any special requirements and the law and our Trust deed are also silent on the matter. However we strongly recommend against having a settlor or a beneficiary or their agents as a bank signatory and we may not accept a Trust if such an arrangement is specified.

The trustees are expected to be the bank signatories and the protectors could also be appointed as joint-signatories together with the trustees. This is because the trustees and to a lesser extent the protectors are the only parties who should have control. Bank signatories have control of trust assets, namely the cash funds.

If any of the parties of the trust go bankrupt, will the creditors get to the trust assets?

It will depend on the exact details of the trust, please consult your estate planners and other professional advisors and planners. For a validly constituted irrevocable discretionary trust that has been properly managed and which has no settlor involvement whatsoever it is usually not easy for creditors to “claw back” assets, i.e. to force the trustees to return the assets to the settlor.

Who are the parties that your International Trusts Act recognize?

The Trust Act defines settlors and beneficiaries and it defines the duties, appointment and removal of trustees, co-trustees and the resident trustee.

Supervisory persons or “protectors” is a well-known and recognized concept although it is not defined in the Act. Special provision must be made for such persons in the Trust Deed.

Who can be a settlor?

Any individual person or corporate entity who is not domiciled in Seychelles can be a settlor. An individual person must be at 18 years old and can be of any nationality.

Note that settling the Trust should not cause the settlor to go “bankrupt”. A person must take advice before settling a Trust.

Can a settlor be a protector?

Yes but protector should have limited involvement in the day to day management of the Trust. For example the protector’s powers should be limited to vetoing trustee actions.

Who can be a trustee?

In Seychelles only a licenced corporate trustee or an approved employee of a licenced corporate trustee. In all cases, the licenced corporate trustee would be required to act as the resident trustee and the employee can be appointed as an additional trustee.

Outside of Seychelles any individual person over 18 years old can be appointed. Any corporate entity such a company, corporation or foundation can also be appointed.

A settlor whether the settlor is an individual person or a corporate entity can be a trustee but this arrangement is generally not recommended because it can often give the impression that the settlor is still in full control of the assets.

A Seychelles trust is required to have a licenced corporate trustee as the “resident trustee”. Additional trustees whether residing in Seychelles or in other countries is optional.

Can a trustee be a beneficiary?

Yes but the sole trustee should not also be the sole beneficiary. It is generally not recommended that the settlor be the sole beneficiary.

Who can be a protector?

Any individual person over 18 years old or any corporate body from anywhere in the world of any nationality or domicile can be a protector.

Seychelles residents or Seychelles domiciled corporate bodies must be “approved persons” working for a licenced corporate Trustee or wholy-owned by a licenced corporate trustee. There are no such restrictions on non-residents.

A protector must be a trusted person who will veto the actions of the trustees if it is in the best interest of the beneficiares to do so.

What do you accept as proof of identity? A passport copy?

As proof of identity we can accept a certified copy of your passport or National identity card. We do not recommend sending the originals to us so as to avoid risk of loss of such important documents. Certified copies are sufficient.

The certifier must use the following or equivalent text “Having seen the individual and identification document at the same time, I certify this is a true copy and the photograph is a reasonable likeness.”

We need a good quality copy, preferably a colour copy showing the passport photo, the signature, the issue date and the expiry date. The person certifying the copy should then sign the certification and add their full name, title, address and the date that they certified the documents. The certifier must actually have seen the original document. The copy and certification must be done by one the following persons (in order of preference):

A notary public
A consular or embassy official from your consulate or embassy
A police officer
A Commissioner of Oaths
A Justice of the Peace A Mayor / Maire (but not the deputy)
A member of staff at a major international bank (with the bank’s stamp)
A qualified lawyer or solicitor who is subjected to anti-money laundering regulations in a regulated jurisdiction and who can state a bar number
A qualified accountant or auditor who is subjected to anti-money laundering regulations in a regulated jurisdiction and who can state an international association membership reference

We can also accept certification and verification from a registered professional intermediary client who is also a regulated person. A regulated person is someone or an entity who is subjected to anti-money laundering regulations and who is reporting entity under such regulations. Also, if you are in Seychelles we can make a copy of the documents when you are in our offices and we can then certify the copies.

If someone investigates a Seychelles Trust, what information will they get?

They will get limited information and documents publicly filed but they will not easily be able to get the information and documents filed with the Registered Agent.

From a search at the Registry, assuming they already know the name of the foundation, they will be able find out the registration number, the intial assets settled into the foundation, the registered agent’s name and address, the registered office of the foundation, the last annual licence fee that was paid, the next annual licence fee to be paid and the status of the foundation (whether in good standing, struck off or dissolved etc). They would also be able to get a copy of the certificate of incorporation, the charter and any other documents filed publicly. The would see the name the address of the original founder as stated on the charter.

Normally they would not see the names and addresses of the subsequent founders, and the names and addresses of the beneficiaries, councillors, protectors and supervisory persons because our standard is very small and includes the minimum information. We also only usually file extracts of resolutions which do not show such details and also, the registers are not filed.

Particulars of the founders, councillors, protectors, supervisory persons and beneficiaries are only held privately by us the Registered Agent. We keep the registers ourselves and we do not file them with any authority. Furthermore we are not allowed to provide any information to any third party, the law prohibits us. In most cases we would totally ignore any request and we would inform you of the request.

There is one exception. If a request is made by our financial investigations unit we are required to provide all information they require but they are also obligated to maintain confidentiality. Only the Seychelles Courts can release private information into the public domain, during legal proceedings.

How can a Seychelles International Trust be established?

A trust can be established by oral declaration, by will or codicil but it is more common to establish a Trust by a written instrument (trust deed or declaration of trust).

For the trust to be enforceable in Seychelles, it must be registered with the Seychelles International Business Authority. To register we must file a declaration of trustees and pay the authority a one-time only fee of USD 100. The Trust Deed is not filed with the Authority on registration of the Trust and the names and addresses of the settlor, beneficiaires, protectors and other trustees are also not disclosed.

Are there long and complicated forms to fill in?

No. Our trust order form is quite short and simple. Our order form simply helps to ensure that all essential information and documents are not overlooked.

Please note that if you are sending us your very first order you will have to register with us as a client first and this normally involves agreeing to our terms of business and attaching your certified proof of identity (Id) and proof of address (usually a utility bill less than 3 months old).

If you are registering as an intermediary client we will require your qualifications and proof of your intermediary status but this will bring you some important advantages. When you have registered as an intermediary client we will in some cases be able to rely on your due diligence to simplify and streamline your subsequent end-user client orders.

How quickly can we have a trust setup?

The most time consuming part is the pre-establishment phase because we need to gather information about the all the parties of the trust, the assets, and the objects of the trust. Everything must be very clear before we can establish the trust. It will depend on how quickly the settlor and representatives can provide required documents and information. Once this is done we can register the trust with the Seychelles International Business Authority. This usually takes one day only. We can then scan and email all the documents before sending by courier.

How fast can you get a trust name approved?

We can usually do it within 1 or 2 hours.

How can we pay? What methods of payment do you accept?

We much prefer payment via bank wire transfer (SWIFT, IBAN, online payments) and most of clients pay by this method. We can receive payments in United States dollars, Euros, Hong Kong dollars, British Pounds and Singapore dollars. Other curriences are also allowed but they will be converted to one of the above currencies by our banks.

We can also accept credit card payments from VISA and Mastercard holders. We provide a special credit card authorization form for this purpose which you can fax to us. You may also send money straight to one of our bank accounts via international money order services like MoneyGram or Western Union but we only recommend this if you absolutely cannot pay by bank transfer or credit card because bank charges are very high.

If you are in Seychelles we may accept small amounts of cash (less than 2000 United States dollars) which we would bank straight away and while you are still in Seychelles. Bank notes must be of very good quality because Seychelles banks are very strict. The banks would only accept bank notes for the major international currencies.

We do not accept e-money from services like Paypal and WebMoney.

The trust has been registered but we have decided to cancel everything. You will not be receiving assets. Can you refund the fees?

No because we cannot get back the registration fee paid to the Registry. Also considerable time goes into establishing a Trust because we have to ensure that all information and documents provided are correct and complete. We will also not be able to sell the “registration” to someone else because trusts are unique to each settlor and selling “shelf Trusts” is not a recommended practice.

We will in fact have to notify the Registry that the Trust does not exist by virtue of establishment procedures being incomplete and that the settlor has no intention to complete Trust establishment. This will result in extra work for which we can only be compensated by payment already received.

Note that we can avoid this situation by requesting for a small initial settlement before we register the name of a Trust.

Can you help us draft a letter of wishes?

We can provide a basic template but a letter of wishes must come from the settlor. The letter must express wishes of the settlor and must not instruct and it is helpful if the letter recognizes that the letter is not binding on the trustees.

What are your annual fees?

Please email, fax, skype or call us for our fees. Our fees are very competitive, provided that a Trust will be relatively simple and will only own and invest in company shares and cash in a bank account. Our annual fees include keeping all records and preparing or approving statements as required.

We have a trust with another Seychelles trustee. Can we transfer it to you?

Provided that the terms of the trust allow existing trustees to transfer (prompted by a letter of wishes from the settlors or request from the protectors) and provided that the trust is simple and holds only company shares and funds in bank accounts we may consider it.

The transfer procedure is not simple however and can take quite some time. We will need to know everything about the trust first. We will want to inspect the files for which we would happily work under a non-disclosure agreement so that if we do not ultimately accept, confidentiality will be preserved. Because of the extra work involved our fees would be much higher than for establishing a new trust.

Can we establish a charitable trust in Seychelles?

Yes. A Seychelles International Trust is recognized as being a charitable trust if the main object or purpose is the relief of poverty, the advancement of education, the advancement of religion or any other purpose beneficial to the public in general.

As we have not registered a charitable Trust in Seychelles yet we would have to get out legal advisors to draft a new deed which could some time. It would be helpful if you are able to provide a proposed trust deed.

How are Trusts used and why?

Privacy – Trusts may be created purely for privacy. For example the terms of a will are public but the terms of a trust are not. Also very popular is to have a Trust as the ultimate holding arrangement in a corporate structure instead of nominees and bearer shares because as well as providing increased privacy the assets are more secure with a trustee than with a simple nominee. Trusts are generally seen as being more respectable than bearer shares and in any case bearer shares are no longer allowed in Seychelles following the amendments of the 16th December 2013.

Spendthrift Protection – Trusts may be used to protect beneficiaries (for example your children even after they become adults) against their own inability to handle money.

Estate Planning – Trusts can be used instead of wills to administer a deceased’s estate.

Charities – In some common law jurisdictions all charities must take the form of trusts.

Unit Trusts – The trust has proved to be such a flexible concept that it has proved capable of working as an investment vehicle: the unit trust.

Pension Plans – Pension plans are often set up as a trust, with the employer as settlor, and the employees and their dependents as beneficiaries.

Remuneration Trusts – These are trusts for the benefit of directors and employees or companies or their families or dependents.

“Asset Protection” – The idea is for a person or a business to be completely separated from certain assets, with the intention that future creditors will not be able to attack those assets.

Tax Planning – Trusts are used for legal tax reduction or avoidance. The tax consequences of a transaction routed through a trust are usually different from the tax consequences of another route. In some cases, the tax consequences of using the trust are better than the alternatives.

Co-ownership – Ownership of property by more than one person can be arranged as a trust. For example ownership of the family home can have both partners as beneficiaries , with one, or both, owning the legal title as trustee.

What is the applicable law for a Seychelles trust?

In the Act and in the written trust instruments this is referred to as the “proper law”. The proper law can be the laws of any jurisdiction but particularly for the Trusts we are involved with in Seychelles, it is Seychelles law.

What is the maximum duration of a Seychelles International Trust?

A Seychelles trust cannot continue for more than 100 years. It will automatically end when it reaches this age but a new trust could be settled to receive the assets for the same beneficiaries.

Does a Seychelles International Trust need to pay taxes?

No not in Seychelles. Trust income derived from a source not in Seychelles is totally exempt.

Does a trust need to file accounts?

No, a Trust does not need to file accounts. No authority will ask and no authority will accept either. There is no facility for the public filing of Trust accounts.

Does a Seychelles trust need to have a Seychelles bank account?

No but because we need to be able to operate bank accounts we much prefer to work with banks that we are familiar with.

What kinds of assets can we have in a trust?

Technically all types of assets can be transferred into a trust but because of the limitations we face in Seychelles we can only accept company shares and cash held in bank accounts.

Other assets such as boats, real-estate or jewelry must be owned by a company owned by the trust but we may require accounts from the company from time to time.

Is there a minimum amount required for the initial settlement?

No but we ask that it should at least be 1 unit of an internationally recognized currency. Many settlors pay 100 United States dollars to us before we register the trust to ensure a valid Trust exists at the time of registration. The rest of the assets can then be transfer some time after.

Who can sign for a trust?

The trustees can, plus anyone they authorize including bank signatories. Trustees can appoint agents and delegate some work to other persons. Generally the trustees are expected to sign on behalf of a Trust.

Can the settlors be the beneficiaries?

Yes but a sole settlor should not also be the sole beneficiary.

Can a settlor be a trustee?

Yes but the sole settlor cannot also be the sole trustee. In general it is not recommended for a settlor be a trustee. Even if there are other trustees, a settlor acting as a trustee can introduce doubt that the assets are really under control of the settlor-trustee and that the Trust is a sham.

What does the "resident" trustee do?

The resident trustee must be a licenced corporate trustee in Seychelles. The resident trustee is a full trutee and has all the duties and responsibilities of a trustee but it also represents the trust in Seychelles and also acts as an intermediary between the rest of the trust and the authorities in Seychelles.

Who can be a beneficiary?

Any individual person of any age, and any organization whether incorporated or not can be a beneficiary. Associations and charities can be beneficiaries. Even a pet can be a beneficiary. A cause or an activity could also be a beneficiary.

What do you accept as proof of address?

A proof of address is any document issued by an independent body, in original form or certified as a true copy of the original, that shows the name of the person or entity we will be dealing with and the address of that person or entity.

When a copy is provided it must be a good quality copy. The person certifying the copy should then sign the certification and add their full name, title, address and the date that they certified the documents. The certifier must have seen the original document. The copy and certification must be done by one the following persons (in order of preference):

A notary public
A consular or embassy official from your consulate or embassy
A police officer
A Commissioner of Oaths
A Justice of the Peace
A Mayor / Maire (but not the deputy)
A member of staff at a major international bank (with the bank’s stamp)
A qualified lawyer or solicitor who is subjected to anti-money laundering regulations in a regulated jurisdiction and who can state a bar number
A qualified accountant or auditor who is subjected to anti-money laundering regulations in a regulated jurisdiction and who can state an international association membership reference

We can also accept certification and verification from a registered professional intermediary client who is also a regulated person. A regulated person is someone or an entity who is subjected to anti-money laundering regulations and who is reporting entity under such regulations. Also, if you are in Seychelles we can make a copy of the documents when you are in our offices and we can then certify the copies.

We usually accept the following documents (in order of preference):

A utility service bill (gas, electricity, water, land-line telephone, but NOT mobile phone)
A statement from a major bank or building society
A credit card statement from VISA, MasterCard, American Express or Diners
A certified photocopy of your Drivers License, which should clearly show your name and principal residential address. If you send a certified copy, please copy the front and back of the document
A letter from a Consular Official, or higher, from your Embassy or High Commission. This letter must bear the official stamp or seal and show the official’s name and signature
A government-issued National Identity card

Can we really trust you the "resident trustee"?

Yes you can because we are licenced and regulated by the Seychelles International Business Authority. In Seychelles the business of corporate services providers and the provision of trustees is highly regulated and the authority does not tolerate any illegal and unethical behaviour. An aggrieved client (beneficiaries and protectors in the case of a Trust) can easily file a compliant with the authority who would then investigate us. For serious wrongdoings, the authority has the power to suspend or to cancel our licence which would put us out of business. We would not put our business at risk by doing anything illegal or unethical.

Even for relatively minor issues the protectors and co-trustees will be able to change to another resident trustee in Seychelles or they may even transfer the trust to another truste in another country. You could also appoint an intermediary you know and trust such as your lawyers or accountants overseas (not in Seychelles) to co-manage the Trust as a co-trustees.

Do we have to come to Seychelles to establish a Seychelles trust?

No its not necessary. Information and documents can be provided by email or fax can the originals and hardcopies can follow by post or courier. We do like to meet with clients so you are welcome to visit to setup up a Trust.

What information do we need to provide to establish a trust?

We will need the names of the settlor, beneficiaries, protectors, and their advisors. We will need the Id and proof of address documents for all parties involved. We will need details of the assets that will be settled in the trust. We also need to know the reasons for wanting to establish a Seychelles trust.

What are your trustee fees?

Please email, Skype, call or fax us to get our trustee services prices list. For trusts that keep to our restrictions we charge a simple flat fee per annum and our fee is very competitive.

We very urgently need a trust to be established. Can you register it now and we will provide you with documents and information later?

No. At the very least we need to receive all information and good quality certified documents via email for us to consider this request. For new clients and those not working with a esblished professional intermediary client we also request for the initial funds to be settled. This can be a small amount of say 100 United States dollars to help ensure that a valid Trust exists at the time of registration.

Are non-English names allowed?

For a Seychelles trust only English and French names are allowed although made-up words may also be approved with an explanation.

Documents not in English or French must be translated into English or French.

Do we have to pay before you will establish the trust and return signed documents?

Usually no, especially if you are an established client or you are working with a professional intermediary or introducer who already has an established relationship with us.

We will usually process most orders before receiving payment and we are happy to email documents to you before sending by post or courier. We do not officially extend credit, we do not have fomalized credit terms with our clients, but because we mostly work with professional clients we do allow for payment to be made shortly after completion of orders. We also allow our more active and established professional clients to pay on a monthly or quaterly basis which is usually more convenient for them and helps them to avoid bank charges and accounting costs. Virtually all of our professional clients settle all their invoices promptly and without any problems.

For first time clients, particularly end-user clients who are not working closely with a professional client or who were not referred to us by a well-established client, we may wait for payment (and initial Trust funds) before starting Trust registration procedures.

Once the trust has been established, will you follow the settlors instructions?

Once a trust has been established the settlor is not supposed to instruct the trustees. The settlor may provide guidance through an instrument called a letter of wishes but this is not binding on the trustees. However we can be congenial trustees provided the settlor’s wishes are in accordance to the terms of the trust and are in the best interest of the beneficiaries.

Before the Trust has been established we regard the settlor as the client and we can correspond directly and actively with the settlor on any matter in order to determine the terms of the Trust.

Who do you regard as your client?

Before the trust has been established the settlor and settlor’s representatives are our client. After establishment the beneficiaries are our clients.

We may only take instructions from the settlor before the Trust is established. After the Trust is established we must act in accordance to the terms of Trust already established and we can only be guided by the settlor and the settlor’s representatives through non-binding letters of wishes. After the trust has been established we cannot follow the instructions of the beneficiaries either but we will consider their requests and other comments.

Can we get a certificate of good standing?

This document does not exist for a Seychelles International Trust.

A Seychelles Trust is not renewed like a company is renewed. It simply remains in good standing so long as the conditions for a valid Trust are maintained. There are certainty of intention (it must be clear that assets were intentinoally transferred into the Trust by the settlor), certainty of assets (it must be clear what those assets are), and certainty of objects (it must be clear who the beneficiaries are or the causes that will benefit from the trust). Additionally so that we may treat a Trust as being in good standing, our fees must be paid and requests for information and updated documents must be followed.

We understand that a bank may ask. What they can have is a certificate of good standing for the corporate trustees.

We have a trust in another country. Can we transfer to you in Seychelles?

Yes, provided the terms of the trust and the other country’s trust laws allow it. We would only accept the trust if it was a simple irrevocable discretionary trust holding company shares. The trust records need to be complete and accurate and we would have to review the files first. Our fees will be much higher than for a new trust because there will be considerably more work involved to ensure that we will be able to act and that we will be able to properly perform our duties as trustees.

Interested? Get in touch now.