Private Interest Foundations Seychelles
Seychelles also now offeres one of the opportunity to register Private Interest Foundations, thank to a new law passed by the National Assembly in December 2009.
The Seychelles Private Foundation (“PIF”) is a legal entity that can be created by either a natural person or a corporation that later transfers part or all of his/her assets to the Private Foundation so they can be managed and protected in favour of the Beneficiaries.
The Seychelles version of a Private Interest Foundation is based heavily on that of Panama and also channels Lichtenstein in places but has a number of advantages over its competitors particularly in terms of asset protection and tax reduction.
Why use a Trust / Foundation:
The reasons for establishing a Trust or Private Interest Foundation are many.
Asset Protection
When planning an asset protection structure and from a asset protection point of view it is one of the best opportunities to assure privacy, asset and equity protection. This vehicle has been used by many professionals for years with success, now it is even been more effective and with an additional layer of protection thanks to the Seychelles Private Interest Foundation instrument.
Privacy
Having your company shares, assets and other investments hold by a Trust or Foundation will provide an additional layer of privacy, actually you build a shield in front of your personal information which no one will be able to penetrate in one or another way.
Tax Planning and Avoidance
When planning your business or starting a new one or even plan to do Investments a foundations will often help you achieving a low tax to no tax at all, even though it is possible to obtain similar effects with regular IBC’s a Private interest foundation helps to legally avoid tax.
Requirements to register for a Private Interest Foundation in the Seychelles
- Copy of passport
- Utility bill not older than 3 months
Our fee for the registration including government fees
EUR 2.500 including the prepartion of documents as per agreement
