We use cookies on this website, you can read about cookies and GDPR Privacy Policy here
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.
We offer popupar and secure payment methods
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.