| The 10 Steps to Set Up an Offshore Trust | |
| Healy Consultants assists clients to set up an offshore Trust. The procedure to set up an offshore Trust is straightforward, and typically evolves as follows: | |
| 1. | Our client settles our fees to set up an offshore Trust and signs the Healy Consultants engagement letter. |
| 2. | Healy Consultants provides our client a detailed engagement plan with which to set up an offshore Trust. This project plan provides a roadmap for the engagement, thereby minimising unwanted surprises and meeting client expectations. |
| 3. | Healy Consultants collects all due diligence from our client. |
| 4. | Our client and Healy Consultants work together to draw up clear goals for the Trust, including choosing the most suitable jurisdiction in which to set up an offshore Trust; choosing the most suitable Trustee with which to set up an offshore Trust; drawing up a Letter of Wishes with the Settlor to spell out the duties expected of a Trustee in the management and distribution of Trust Assets; and management of the Trust and tax issues. |
| 5. | Healy Consultants prepares the documentation required to set up an offshore Trust in the chosen jurisdiction and sends it to our client for signature and return to our office. |
| 6. | Healy Consultants liaises with the relevant authorities in the chosen jurisdiction to set up an offshore Trust for our client. |
| 7. | Healy Consultants legally completes the set up of the offshore Trust for our client with the correct structure and Trust documents. Note that you do not need to visit the chosen jurisdiction in order to set up an offshore Trust. Healy Consultants officers will complete all the formalities on the ground on your behalf. |
| 8. | Having set up an offshore Trust, Healy Consultants completes corporate bank a ccount opening for our client, including world-class multi-currency Internet banking facilities. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
| 9. | Having set up an offshore Trust, Healy Consultants offers accounting and taxation support including i) corporate structuring ii) minimising withholding tax iii) tax returns and financial statements if required. |
| 10. | Having set up an offshore Trust for our client, Healy Consultants emails an Engagement Feedback Survey to the client. |
| Contact Us | |
| To set up an offshore Trust, email email@healyconsultants.com or telephone us at (+65) 6735 0120. | |
| Back to Forming a Trust page. | |