asset protection vehicle
in traditional offshore jurisdiction
CYPRUS TRUST
Traditional
asset protection vehicle
in traditional offshore jurisdiction
asset protection vehicle
in traditional offshore jurisdiction
PRIVATE FOUNDATION
Panamaniam Private Foundation
with
Foundation Council in Dubai
with
Foundation Council in Dubai
NEXUS FOUNDATION
Complete
asset protection tool
for EUR 1350
asset protection tool
for EUR 1350
BANK ACCOUNT
Switzerland
Luxembourg
Cyprus
Austria
Unitd Arab Emirates
St. Vincent and Grenadines
Luxembourg
Cyprus
Austria
Unitd Arab Emirates
St. Vincent and Grenadines
NEWS
- November 16, Dubai: Emirates will invest Dh400 million to establish a flight training centre at the Dubai World Central development in Jebel Ali to train local pilots. (Gulf News).
- October 5, Ras Al Khaimah: The Ras Al Khaimah Tourism Investment and Development Authority (RAK TIDA) aims to double visitor numbers to the emirate in the next two years. (Hotelier Middle East).
- September 23, Ras Al Khaimah: RAK FTZ was ranked nr. 4 out of more than 115 international free zones in Middle East (Khaleej Times).
- September 20, Ras Al Khaimah: Ras Al Khaimah registered 800 new licences in the last eight months, a 31% increase over the same period last year, according to the RAK Investment Authority (Rakia).
- September 5, Dubai:
The UAE banks are well capitalised and banking sector in the country will remain on its road to recovery heading into next year (Khaleej Times).
- July 27, Dubai: Dubai International Financial Centre (DIFC) Authority, the firm running the emirate's tax-free business park, said that 64 companies joined the free zone in the first half of the year (Arabian Business).
- June 15, Dubai: Tax-free returns on property income are enticing an increasing number of Indian investors into Dubai's property market (India Infoline).
- May 20, Dubai: DMCC recently announced it had crossed the 3,000 mark in the number of companies that have registered in the free-zone. Since the beginning of 2011, DMCC grew at an average of over 100 companies a month (Gulf News).
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TRUST OR FOUNDATION
Although a
legal entity affords protection of your personal assets against business risks,
it can not safeguard the company itself against claims from your past: be it
personal risk or obligation or one-man business. The company's assets may appear untouchable, but the shares
that express their value may very well be seized to settle a debt. Complete
two-way protection is feasible however, for personal and business assets alike.
The traditional solution is, rather than hold the shares in one's own name, to
settle them into a Trust or Foundation.
The origins of Trust date back to the medieval crusaders, who had to entrust someone with their estate during their absence. Thus a Trustee came to exercise formal ownership over these assets, which however were administered apart from his own possessions. He had to serve the interests of the beneficiaries appointed by the settlor.
Over the years, jurisprudence on Trust forms has only served to strengthen and secure the interests of beneficiaries. With the crusades a distant past, the modern Trust can serve fiscal, family law, property law, or charitable objectives, or even all of them at once. Most entrepreneurs, consultants, and investors opt for a Trust as a vehicle for:
- estate planning
- securing the company continued existence
- protection of the company or the family assets against claims and bankruptcy
- confidentiality
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Freemont Group Corporate Website