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