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VCS Africa

Seychelles Trust

A Seychelles International Trust is a useful vehicle for asset protection and efficient tax planning.

A Seychelles Trust

Seychelles International Trusts are set up under the International Trusts Act, 1994.

 

International Trusts are not subject to taxes and confidentiality is ensured as there is no requirement that the Trust Deed be registered nor that the name of the Settlor or Beneficiaries be divulged to the Authorities. Besides the statutory restrictions that the trust should not include property situated in Seychelles there is no restriction on how the trust assets may be invested.

Key Features of an International Trust

General
Taxation of trust assets
None
Double Taxation Treaty access
No
Change of Domicile permitted
Yes
Limitation period for action against Trustee
2 years from date of establishment of trust
Duration
100 years (except: charitable international trust or a purpose international trust)
Restriction on Investment of Trust asset
No
Exchange control
None
Succession
As per Trust Deed
Settlor
Must be non resident of Seychelles
Property
No property situated in Seychelles can be part of the Trust asset
Jurisdiction
Seychelles Supreme Court
Forced heirship applicable
No
Trust asset
Restriction on type/amount
No, except property situated in Seychelles
Trustee
Minimum number:
1 if corporate and 2 or more if not corporate
Qualification
Minimum one Seychellois resident
Accounts
Requirement to file:
No
Publicly accessible accounts:
No
Confidential
Name of Settlor/Beneficiary
Yes
Trustee Deliberation
Yes
Trustee exercise of power or duty
Yes
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