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Name of Trust
Termination of Trust
About termination
Termination of the Trust can be stipulated in the Trust deed, but is not mandatory. It can be specified as a specific date as well as occurrence of a specific event, like, death or birth of a specific person, graduation from college, marriage etc. Trusts whose termination is not specified in the Trust deed will be terminated according to the provisions of law. International Trusts Act stipulates that the maximum period of a trust is 100 years. This does not apply to charitable and purpose trusts.
Will the termination of Trust be specified?
Revocability
About revocability
According to the International Trusts Act, Trust shall be deemed irrevocable unless the capability of revocation is expressly specified and reserved for the settlor in the Trust deed. Caution: We advise that any powers of revocation be narrow in scope, as extremely broad powers of revocation can be an indication to courts that the Trust is operating as a sham trust, which can then be deemed invalid.
Will the Trust be revocable?
Type of Trust
Details
As Trust assets are no longer the property of the settlor, settlors are not liable for any taxes on such property, settlor's creditors cannot reach the Trust assets and, as Trust assets do not form part of settlor's estate at the time of death, they are neither governed by will, nor subject to probate.
Please select at least one option:
Details
A Purpose Trust is a valid International Trust with Beneficiaries who are neither natural persons, nor bodies corporate, and which has its main purpose or object some other goal besides those listed above as charitable.
Please select at least one option:
BENEFICIARIES
About Beneficiaries
Please be aware that according to the International Trust Act the settlor of a Seychelles International Trust cannot be the SOLE beneficiary. If you have chosen to be the settlor and you choose to be also the beneficiary, the law requires you indicate additional beneficiaries.
Do you wish to be irrevocably excluded as a beneficiary?
Who will be the beneficiaries?
Please select at least one option:
TRUSTEE
About Trustee
Trustees are under a legal obligation to exercise a fiduciary duty of care and maintain the Trust property for the benefit of the Beneficiaries. Trustees are legally precluded from using the Trust assets for their own ends. All the duties and powers of the Trustees are well regulated in Seychelles legislation. According to the International Trusts Act, at least one Trustee of an International Trust must be a company licensed in Seychelles to provide international trustee services.
Do you wish “Fidelity Corporate Services Ltd.” to act as your Trustee solely?
TRUST MANAGEMENT
About Trust Management
Income under the Trust is usually distributed to the beneficiaries according to the instructions of the Trust deed. Seychelles legislation permits also the possibility to accumulate the income of the Trust adding it to the Trust capital. It can then be used for reinvestment or other purposes and distributed later or upon termination of the Trust.
Income under the Trust shall be distributed as follows:
Do you wish to provide any special instructions, obligations or restrictions for the beneficiaries?
Do you wish to provide any special instructions regarding the Trust asset and income management?
Upon your death, do you wish the Trust to be:
PROTECTOR
About Protector
The protector is not a mandatory party to a trust, but may be chosen by the settlor. The function of the protector is to supervise the trustee, thus providing additional assurances to the settlor that the trust assets are properly managed. In extreme circumstances, the protector may remove or replace the trustee.
Do You wish to appoint a Protector to the Trust?
ACCOUNTANT
About Accountant
Appointing an accountant is not mandatory for establishing an International Trust, but for your own security and peace of mind you can appoint an Accountant who will oversee the bookkeeping of the Trust. Fidelity does not provide accountancy services, therefore if you choose to appoint an accountant for your trust, you will have to provide an accountant on your part.
INVESTMENT ADVISOR
About Investment Advisor
Appointing an Investment Advisor is not mandatory for establishing Trust, but to ensure that trust assets are most prudently utilized, you can appoint an Investment Advisor who will see to the investments of the trust assets. Fidelity does not provide investment advisory services, therefore if you choose to appoint an Investment Advisor for the Trust, you will have to provide an Investment Advisor on your part.
LEGAL ADVISOR
About Legal Advisor
Appointing a Legal Advisor is not mandatory for establishing an International Trust, but for your own security and peace of mind you can appoint a Legal Advisor who will see to the legal matters of the trust and its assets. Fidelity oes not provide legal services, therefore,if you choose to appoint a Legal Advisor for the trust, you will have to provide a Legal Advisoron your part.
Bank account
DOCUMENTS
Do I need this?
Apostilled set of copies of primary documents
It is recommended to prepare at least one set of notarized/apostilled copies of primary documents, because it is the most convenient way of presenting the corporate documents to banks, potential customers, suppliers, business partners or government institutions. It is especially recommended to prepare such set of certified/apostilled copies if the documents are expected to be used in any of the countries, who are members to the 1961 Hague Convention.
Do I need this?
Apostilled original trust registration certificate
You may be required to present an apostilled original Certificate of Registration when doing business with some banks or some government institutions. If so, this option will be required.
DELIVERY
Why would I need this?
Instead of keeping confidential and sensitive original documents at your home, you may choose to leave them in safe custody with the Registered Agent. Scanned electronic copies can be provided at any time, or the original documents can be couriered out at request.
Details
- Company formation and all primary documents
- Government registration fee
- Registered Agent service
- Prepare and file Register of Directors to the Seychelles Registry of Companies. (Mandatory)
- Prepare and file Register of Beneficial Owners the Financial Intelligence Unit. (Mandatory)
Limited Time Offer!
Package Fee: $ 720 $ 520
Details
- Company formation and all primary documents
- Government registration fee
- Registered Agent service
- A set of primary documents, notarized and legalized by Apostille
- Prepare and file Register of Directors to the Seychelles Registry of Companies. (Mandatory)
- Prepare and file Register of Beneficial Owners the Financial Intelligence Unit. (Mandatory)
Limited Time Offer!
Package Fee: $ 870 $ 670
Details
- Company formation and all primary documents
- Government registration fee
- Registered Agent service
- Corporate shareholder service by a local, licensed service provider
- Corporate directorship service by a local, licensed service provider
- Business address, correspondence & document administration
- A set of primary documents, notarized and legalized by Apostille
- Prepare and file Register of Directors to the Seychelles Registry of Companies. (Mandatory)
- Prepare and file Register of Beneficial Owners the Financial Intelligence Unit. (Mandatory)
Limited Time Offer!
Package Fee: $ 1720 $ 1520 (Total value: $ 1970)
Name (1st option)
Name (2nd option)
Name (3rd option)
Shareholders
Why would I need this?
Shareholding service
You need the shareholding service if you do not wish to be directly listed as shareholder in the primary documents (First Resolutions) of the IBC.
Instead, our in-house licensed firm will remain listed as the shareholder, on your behalf and for your benefit. You will receive a trust declaration to evidence this relationship.
The protection provided by the shareholder service is not absolute. The identity of the actual "behind the scenes" owner may be disclosed, if ordered so by the Seychelles Financial Investigations Unit or by a Seychelles Court.
Why would I need this?
Seychelles International Trust
Under the trust laws of Seychelles, neither the settlor nor the beneficiary of a trust are considered legal owners / controllers of trust property. The trust property remains legally separated from the initial settlor and the beneficiary(ies). This separation allows this property to remain protected from potential lawsuits and attacks by creditors. Seychelles International Trusts are well-suited for such asset-protection purposes, in particular because trust property and income are entirely tax-exempt in Seychelles.
Note (!) When choosing this option, we will contact you in order to complete a separate form, which will provide further information required for establishing a trust. Additional disbursements may apply, depending on the final configuration of the trust.
Why would I need this?
Shareholder data on public file
When, for some specific reason, you want yourself to be directly visible as company shareholder, it is recommended to submit this information to public file in the Seychelles Registry of Companies. This filing is optional, and is only made specifically at request of a company shareholder. This service may become useful when there are several different shareholders to a company, or when shares change hands.
Capital
Why is this standard?
A standard registered capital
in countries where the Government incorporation duty depends on the registered capital of the company, the standard registered capital will be equal to the maximum possible capital (or share count) at which the minimum Government duty still applies. The advantage of Seychelles is that the same Government duty applies to ANY registered capital - therefore, the standard amount is just a voluntarily chosen round figure. It can, alternatively, be any other amount.
What are no-par-value shares?
Par-value shares / no-par-value shares
A par-value is a nominal value (price) of a share, also known as "face value". Traditionally, the par-value of a share is considered as the minimum price for which the share can be issued or sold. In contrast, a no-par-value share does not have any fixed nominal value – in recognition of the fact that the price of the shares may fluctuate freely depending on the success of the company. No-par-value shares provide more flexibility to the company principals at raising the initial capital.
Directors
Why would I need this?
You need the professional directorship service to avoid being seen as directly managing and controlling an offshore company.
This may be especially important if you live in a high-tax country. Through this service, the company will be seen as managed in the Seychelles.
Through this service, the Director data filled with the Registry will be the data of the professional in house director.
A corporate director features a number of individuals entitled to sign, which eliminates any potential lapses in service, as compared to individual directorship service. This option is also less expensive than a directorship by a regulated private individual.
Why is this required?
It is mandatory requirement for all IBCs in Seychelles to keep a Register of Directors in Registered Office with Registered Agent and to file it with the Registry of Corporate Affairs. (International Business Companies Act, 2016).
This register has to contain detailed information including - full name and if any former name(s) (unless the former name was changed by deed poll or other legal means or disused for more than 10 years), residential address, address for service, date of birth, nationality, occupation and dates when the director was appointed and/or ceased to act. Similar information is required from all corporate directors.
A copy of company's register of directors prepared and filed pursuant to the requirements, will be maintained by the Registrar and will not, unless the company elects otherwise, be made available for public inspection or any person, except on an order of the Court, or on a written request by a competent authority.
Bank account
Services
Do I need this?
Business address and document management
If you plan to run an active trading or services business you will probably need this. If you are located in a highly regulated, high-tax country, you must not be seen as running an offshore company from your own home. This service aims to satisfy the “mind and management” test by providing real on-site domestic substance for the company located in Seychelles.
Do I need this?
Call handling
If your potential clients, partners, auditors, tax inspectors, competitors or any other people are expected to call your company with inquiries you will need this service. It is designed to verify that your company is actually located and operated in Seychelles - instead of being simply run from your own home.
Documents
Do I need this?
Apostilled set of copies of primary documents
It is recommended to prepare at least one set of notarized/apostilled copies of primary documents, because it is the most convenient way of presenting the corporate documents to banks, potential customers, suppliers, business partners or government institutions. It is especially recommended to prepare such set of certified/apostilled copies if the documents are expected to be used in any of the countries, who are members to the 1961 Hague Convention.
Do I need this?
Apostilled original certificate of incorporation
You may be required to present an apostilled original Certificate of Incorporation when doing business with some banks or some government institutions. If so, this option will be required.
Do I need this?
Limited power of attorney
Through this document you, or anyone else, is appointed as a “ representative” of the company. This includes the rights to do practically anything in the name of the company: negotiate and conclude contracts, execute purchases and sales, operate accounts, collect payments, litigate, etc. The advantage here is convenience, as it allows you to conduct all business directly, and on your own.
(!) Usage of Powers of Attorney may be risky and result in tax liability! Many high-tax countries impose local taxation on individuals who act through a Power of Attorney, issued by an offshore company! Please carefully consider your tax circumstances before choosing this option!
Do I need this?
Special power of attorney
Through a Special Power of Attorney, you, or anyone else, can be granted certain limited rights to represent the company. For instance, the powers to negotiate and conclude one specific purchase, to perform customs-clearance of goods in one certain location, to register a foreign subsidiary, to operate one specific bank account, etc. Special Powers of Attorney can be issued as, and when necessary to company employees, agents or to the owners themselves.
(!) A Special Power of Attorney is less risky to use than a Limited Power of Attorney, because the user is much less likely to be implicated by an aggressive tax authority, as being “in control” of an offshore company. Still, please carefully consider your tax circumstances before choosing this option!
Do I need this?
The Certificate of Good Standing (CoGS)
This document is used to formally confirm the continued legal existence of an offshore company after some time has already passed since it's registration. The Certificate of Good Standing confirms that the status of an independent legal entity (a juridical person) has not been revoked or became void for the particular offshore company, that this company has not been merged, filed for dissolution, or been struck-off.
A current Certificate of Good Standing is sometimes required by banks for bank account opening. If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Do I need this?
A certificate of incumbency
A document that identifies the current signing officers, directors, shareholders and other individuals authorized to represent the company. It is especially relevant in jurisdictions where this information is not part of public record. A Certificate of Incumbency is usually issued by the secretary or by the registered agent of the company.
A current Certificate of Incumbency is usually required by banks for bank account opening. Therefore, if you intend to open a bank account for your company, it is recommended to order the Certificate of Incumbency along with the initial incorporation documents. If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Delivery
Why would I need this?
Instead of keeping confidential and sensitive original documents at your home, you may choose to leave them in safe custody with the Registered Agent. Scanned electronic copies can be provided at any time, or the original documents can be couriered out at request.
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