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Dear Clients,
Please find below information about our opening times during the Christmas period.
During the festive period, our offices we will be closed from 2pm on Monday (24.12) till 9:30am on Monday (31.12) when we will re-open. We will be also closed on Tuesday (1.01) for the UK bank holiday. Within this time, there will be no over-the-phone or LiveChat support. Orders for company registration will be processed on the 27th and the 28th, on these days there will also be limited email support. Our office re-opens for business as usual from Wednesday (2.01.2019) Please accept our best wishes of peace and love, health and prosperity.
Have a Merry Christmas and a Happy New Year!
From the Coddan team.
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Coddan CPM Ltd. – Company Registration Agent in the UK
Home Trust Services UK Foreign Trusts & Managed Trust Company Set Up a Foreign Trust With or Without a Managed Trust Company

Set Up a Foreign Trust With or Without a Managed Trust Company

Should you set up of a foreign trust with or without a managed trust company?

 
Setting Up a UK Trust

Should you set up of a foreign trust with or without a managed trust company? For an overseas investor, a foreign trust start-up can prove an effective vehicle to protect assets and do business with the full backing of British law. Foreign trust setting-up can work just as well for an individual as it can for a multinational corporation, but it is a complex process to set up the trust in the first place. Coddan Formations Agency offers free, expert advice throughout the trust establishment process and can help set-up and administer your foreign trust in the most tax-efficient, convenient and cost-effective way.

One consideration is whether to set up the trust with or without a managed trust company. The simplest, most transparent method of sets up a foreign trust is to name yourself as the settlor and a third person as the beneficiary. We can provide a professional trustee and assist with a bank account in the trust's name if you choose this option.

Alternatively, you may wish to use a managed trust company limited by guarantee, through a private individual in the United Kingdom. The final option is to establish a private company as the major shareholder of the trust. A managed trust limited company affords several advantages, including anonymity and complete protection of the beneficiary, but it's important to choose the right set-up.

A private limited company is a relatively cheap way to set up a foreign trust, but the company has to pay tax on its worldwide income. Its main purpose, therefore, is simply to protect assets from a creditor, spouse or foreign government agency. If income is generated through the trust, however, then Coddan Formations Agency generally advises clients to establish a trust management company with a nominated British citizen.

With a foreign trust you can take full advantage of the 0% taxation on all foreign-sourced income, hold and trade property and do business with any jurisdiction in the world. It is a hugely effective business structure and is finding increased favour thanks to the UK's clearly defined and stable legal system. So if you want to take advantage of this tax-efficient and flexible business structure, get in touch with Coddan Formations Agency for a free consultation throughout the formation process and let us take care of the red tape.