TrustsA trust is one of the mostly used vehicles for the holding of assets worldwide either for the benefit of beneficiaries or for charitable purposes. AAMIL provides international investors with the following services, by choosing the best jurisdiction from which professional trusteeship services can be provided :
- Possibility of avoiding forced heirship rules.
- Segregation of trusteeship services into custodian and managing trustee.
- Provision of the office of Protector (so that the Settlor can retain some powers, since the Settlor can also be the Protector of the trust under some jurisdictions) and Enforcer of a trust.
- Tax exempt (non-resident trust) or low rate of income tax with access to double taxation avoidance agreements (resident trust).
- Incorporation and administration of an “underlying company” for the trust to acquire legal personality.
- Confidentiality guaranteed (registration of a trust is not required)
- No need to file accounts or annual returns.
