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Foreign trust establishmwent in the UK from £1,600, simple and fast trust company formation in London

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.