Trust and Company Structure

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What is Offshore Company Formation?

Offshore companies are used for a variety of commercial and private purposes. Sanctuary Trust can undertake Offshore Company formation on your behalf to create companies which can be used in a wide variety of commercial transactions from generic holding companies, to joint ventures and listing vehicles on stock exchanges. Offshore company formation is also widely used in connection with private wealth for tax mitigation and privacy.

Though based in the Isle of Man, Sanctuary Trust is not limited to incorporating Isle of Man companies, trusts and foundations: we have access to many other jurisdictions and we can provide a bespoke service to all clients and assist with choosing the appropriate jurisdiction for your purposes. In addition to offshore company formation Sanctuary Trust can offer a full administration and accounting service, key personnel, including company directors, nominee shareholder and secretarial services including a Registered Office and Registered Agent facility.

Typical types of offshore companies can include:

Asset Holding Company

Asset holding companies can include those holding cash at a bank, real estate property, intellectual property and investment portfolios. Intellectual property includes software, a product’s design or appearance, a brand or logo, literary/written work like books or content on a website/brochure, artistic work such as photography, illustrations, film recordings or musical compositions.

Trading Company

The term trading company can cover a wide variety of business sectors from trading in household furniture to aircraft parts and anything in-between.

Trusts

As well as Offshore Company Formation Services we can provide Trust Services. Trusts provide a highly flexible and advantageous way of arranging financial affairs including preserving family wealth, asset protection trusts and tax management, to name but a few. The Isle of Man is a leading jurisdiction in relation to asset protection and asset protection trusts.

We can offer a full range of trust services from establishing a trust to full administration, accounting and reconciliation services.

 

Work With The Experts

Talk to us about your asset protection trust requirements today.

Benefits of the Trust & Company Structure

Companies

From an asset protection perspective, a company is a separate legal entity or ‘person’ that provides limited liability for shareholders. By using a company, the personal assets of the beneficial owner may not be at risk of claims from creditors in the event that the business is sued by third parties, except perhaps where the business is trading as insolvent or in the case where the individual has attempted to move their assets into an offshore structure after an event occurs which means that their assets are in immediate risk.[/item]

Trusts

Asset protection trust structures provide protection as there is a separation of the assets held from the assets of the person who has settled the trust. A trust is not a legal entity; the assets of the trust will be held in the name of the Trustee. The Trustee then holds the assets (Trust Fund) (which could be the trading company) in trust for the benefit of the beneficiaries. This creates a legal separation of the assets from the individual.

 

The Structure Diagram

StructureDiagram

Why the Isle of Man?

The Isle of Man, with its 1000 year old Parliament (Tynwald), is a self-governing Crown Dependant island situated in the northern Irish Sea. Despite its closeness to the UK it is independent and makes its own laws and all internal administration, fiscal and social policies. It is an established and well respected international finance centre with political and fiscal stability and low taxation.

The Isle of Man is in the “common purse” with the UK for Customs and Excise. The standard rate of VAT is therefore in line with the UK at 20%. The rate of income tax applicable to Isle of Man companies not engaged in banking or local real estate business is 0%.
For more information on the Isle of Man, go to www.isleofman.com

Why Sanctuary Trust?

See what our customers are saying about us.

We were recommended to Sanctuary Trust when setting up our company. Over the last 6 months they have become a cornerstone of our business. We have found the staff to be friendly and efficient and very patient with our countless questions. I have absolutely no hesitation in recommending Sanctuary Trust to others and have done so.

Mr C.

 

Sanctuary Trust has been our Registered Agent since May and they are highly efficient and on top of all corporate matters in a timely manner.
They are also very easy and friendly to deal with.

Mr H.

Contact Us

Our team of professionals are available to assist with your Company Formation queries.

 

Disclaimer

We provide no warranty that the information contained herein is accurate, up-to-date or complete and in no circumstance does the Information constitute legal, tax or any other form of advice. You are responsible for independently verifying the information provided in this information sheet (the ‘Information’), if you intend to rely upon or use it in any way. In appropriate circumstances, this may necessitate that you obtain independent tax or legal advice. This information includes Information provided to us by third parties and that Information may not have been vetted by us. You use the Information at your own risk.
We disclaim all responsibility to the maximum extent possible under applicable laws:

  1. All implied warranties in relation to the Information are excluded.
  2. We exclude all liability, including for negligence, to you arising directly or indirectly in connection with the Information.