|Offshore Trusts and Trustee Services|
| A fiduciary structure can help not only preserve your wealth but can also offer you greater flexibility over the management and distribution of your assets. The most common type of fiduciary structure is a trust, a binding arrangement whereby assets are transferred to a “trustee”. The Trustee is required to administer the trust assets for the benefit of specified beneficiaries strictly in accordance with the terms of the trust. Through Our licenced Trust and Trustee companies clients are offered: |
A Foundation is a separate legal entity, without members or shareholders, and is generally established to reflect the wishes of the founder, who may be an individual or a corporate entity. These wishes are contained within the Foundation's Charter and Regulations. Foundations can be established for a fixed or indefinite period of time and can be used for charitable, commercial or for family purposes.
In the case of a Bahamian Foundation, a resident person or licensed Bahamian Corporate body must be appointed by the Founder as Secretary, and a Foundation Council or Governing Body including a Protector, can be appointed by the Founder to ensure that the affairs of the Foundation are carried out strictly in accordance with the Founder’s requirements.
Foundations are a very important component when structuring the ownership of family and corporate assets and are particularly important where Trusts are not generally recognised. They are in many respects similar to corporate entities but afford the protection and continuity derived from the use of Trusts.
Practical Uses of Offshore Foundations
What assets can be held by an Offshore Foundation?
Offshore Foundations for Individuals
A Foundation is the solution for individuals who:
Why establish a Foundation offshore?
When a Foundation is established in a suitable offshore jurisdiction, provided that residents of the offshore jurisdiction are excluded from receiving benefit from the Foundation, then there will be no local taxes applicable to the assets and income of the Foundation.