Zimbabwe allows for the establishment of a “private trust company” which would include a company set up as the corporate trustee of various investments.
At VCS, we facilitate the registration of Trust Companies which are a wealth management tool for customers who wish to structure their personal and business wealth in such a way as to be tax efficient while protecting their assets and investments.
Zimbabwe allows for the establishment of a “private trust company” which would include a company set up as the corporate trustee of various investments including equities, real estate and business. In this regard, the client can retain varying levels of control of the trust in a similar fashion to a private foundation without jeopardizing the “validity” of the trust. This is an increasingly popular option for those who prefer a trust without putting their assets into the control of a third party.
This is by no means a comprehensive description of the trust company and its uses but we believe it is a good start and should help clarify some of the major points.
Further advice is available from our consultants at VCS in order to shed more light and provide further analysis of the specific Trust company to help customers make any further distinctions
To learn more please get in touch with us on info@vcsafrica.com
