Set Up a Charitable International Trust in Seychelles

The creation of trusts in Seychelles is possible under the Trusts Act 2021 (which repealed the International Trusts Act 1994) which provides for the establishment of simple and charitable international trusts. These types of entities are available for foreign citizens who want to protect their assets.

Those who want to create charitable international trusts in Seychelles are required to comply with a few requirements imposed by the law mentioned above.

Our company incorporation agents in Seychelles can guide you through the creation of international and charitable trusts in this country.

What is a Seychelles international charitable trust?

Compared to the international trust, the charitable trust can be registered for non-profit or charitable purposes. The creation of a charitable international trust in Seychelles is completed by registering a trustee appointment declaration with the Financial Services Authority in the insular state.

Our local consultants can offer more information on the main differences between the international and charitable trusts in Seychelles.

Requirements for establishing a charitable international trust in Seychelles

The following conditions must be respected when creating a charitable trust in Seychelles:

• –          the trust must have a settlor (who may be resident or non-resident), at least one trustee, and a beneficiary;
• –          the settlor must create the trust deed in writing, and the approved trustee registers a trustee appointment declaration with the FSA;
• –          at least one of the trustees must be a Seychelles resident – this must be a licensed trustee (ICSP Act licensee) or a private trust company;
• –          the trustee is required to submit a declaration which mentions that all the legal requirements related to the creation of the trust are met with the Register;
• –          the property left as assets under the trust deed must not include immovable property in Seychelles (or shares in entities owning it).

Our Seychelles company formation advisors can help with the drafting and filing of the deed of trust with the Registry of International Trusts.

How long does it take to create a charitable international trust in Seychelles?

The registration of a Seychelles charitable international trust takes approximately two days. It also implies the payment of a government fee.

For assistance in setting up a charitable international trust or information about company incorporation in Seychelles, please contact us.