12 March 2010
  Aamil Global Financial Services
Aamil.com Le Caudan Waterfront World Map
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Main Activities
· Company Incorporation and Administration
· Trusts, Hybrids and Foundations
· Asset Management
Selected Services
· Accounting
· Banking Services
· Business Process Outsourcing and Knowledge Process Outsourcing
· Collective Investment Schemes
· Consultancy
· Freeport Companies
· International Tax Structuring
· Licensing and Franchising
· Migration of Companies and Trusts
· Private Trust Companies
· Protected Cell Companies
· Relocation and Residency
· Aircraft Registration, Ship Registration and Management
  Articles and Publications
  Conferences and Seminars
  Professional Training
 
 
MAIN ACTIVITIES  
  TRUSTS, HYBRIDS AND FOUNDATIONS
We provide professional trusteeship services for clients wishing to set up trusts for international asset, wealth, estate and tax planning. We advise clients on the type of trust to suit their individual needs and on the best location for administrative flexibility and cost efficiency.

We also have the necessary expertise to set up and administer "trust-like" structures such as hybrids (companies limited both by shares and by guarantee) and civil law foundations.


Trusts

A 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.

Hybrids

A company limited by both shares and by guarantee (also known as a hybrid company) can be structured as a "quasi-trust". At AAMIL, we provide professional directorship services and shareholders (like trustees under a classic trust) for total control over a hybrid company so that all the financial benefits flow to the guarantor members (like beneficiaries under a classic trust).

Some of the multiple advantages of a hybrid company are listed below :

. Possibility of avoiding inheritance tax and estate duties upon the death of the guarantor member, since the transmission of the latter's interests will be made without delay and with less formality by the election of a new guarantor member by the directors.
. The rights and obligations attached to the shareholders and to the guarantor members can be specifically spelt out in the Constitution/Memorandum and Articles of Association of the company to suit each individual client's needs.
. Can be tax exempt or paying low rate of tax, but with access to double taxation agreements.

Foundations

A foundation is a vehicle which enjoys legal personality and which fulfils similar functions as those of a trust, but with the administrative flexibility of a company. It is mostly used in wealth management, estate planning and asset holding and is the civil law answer to the trust. AAMIL provides administration services for foundations, including the provision of a company or a third-party to act as founder and as a member of the Council and for the opening of bank accounts, amongst others.

The following are the major advantages of foundations :

. Legal personality.
. Confidentiality
. Protection of assets from the debtors of both the founders and the beneficiaries.
. Possibility of avoiding forced heirship rules in some jurisdictions.
. Investment flexibility - the Protector (who may be the founder) may retain the power to issue investment instructions.
. A foundation can hold various types of assets under a single structure.

For more information on the possibilities of setting up trusts, hybrids and foundations in the jurisdiction of your choice,
please contact us »

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




 
  News || Events  
5 - February - 2010
LATEST NEWS

Family Alternative Investment Conference

On 20th & 21st April 2010 at Sporting d'hiver, Monte Carlo

Financial jurisdictions come together to discuss and debate the impact of OECD compliance and how they are adapting to ensure that they can still provide families with the services, privacy and flexibility they need.

Please CLICK HERE for more details.


AAMIL MAURITIUS FUND

On 15 December 2009, AAMIL Portfolio Management Ltd has launched its first investment fund named AAMIL MAURITIUS FUND. Our goal is to offer to our customers a diversification of their investments at a lower cost while being reactive. In order for us to meet our objectives, we have appointed two external advisers with vast experience and knowledge of the financial markets.

Read More ...

 
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