Open an International Trust in Seychelles

Seychelles is sought by foreign citizens who want to protect their assets. As one of the most renowned offshore destinations in the world, Seychelles allows for the creation of various types of structures through which foreign individuals can reduce their taxes.

Apart from the Seychelles offshore company, foreigners can also establish several types of trusts. Among these, the international trust is one of the most common estate planning tools in Seychelles.

Below, our company formation agents in Seychelles explain how to create an international trust in the insular state.

The International Trusts Law in Seychelles

International trusts in Seychelles are governed by the law with the same name which was enabled in 1994. Under this law, an international trust is a non-corporate entity created through a legal agreement which stipulates the relation between the settlor, the trustee, and the beneficiaries.

In order to be considered an international trust, the entity must comply with the following requirements:

• -          the settlor must be a foreign citizen – this condition is imposed for the entire duration of the Seychelles international trust;
• -          the assets covered by the international trust must not be located in Seychelles;
• -          one of the trustees must a be a Seychelles company holding an international corporate service provider license;
• -          the international trust is created for a duration of maximum 100 years.

Our local consultants can offer more information on the conditions related to creating a Seychelles international trust. We can also assist those who want to set up an offshore company in Seychelles.

Why open an international trust in Seychelles?

There are many benefits related to the creation of an international trust in Seychelles. Among these we remind the following:

• -          the international tax is exempt from several taxes applied in Seychelles;
• -          the costs associated with the creation and administration of the Seychelles international trust are quite low;
• -          the settlor has the right to appoint a protector of the trust who will ensure the supervision of the trustee;
• -          Seychelles is a very sought destination for the creation of international trusts thanks to the comprehensive laws.

For assistance in creating an international trust in Seychelles, please contact our local representatives.