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Set Up a Trust in Isle of Man

Updated on Wednesday 04th April 2018

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Set-Up-a-Trust-in-Isle-of-Man.jpgInvestors who set up a trust in the Isle of Man benefit from a favorable regulatory environment that combines both a welcoming business regime for investors and highly rated financial supervision policies.
 
The Isle of man offers a wide range of investment vehicles, not only trusts but also funds and open-end investment companies. our team of Isle of man company formation agents can help you with detailed information about any of these legal forms.
 

Trusts in the Isle of Man

 
A trust in the Isle of Man will provide trustee services to investors, both for commercial and for personal purposes. Examples of uses for a typical trust include:
- wealth protection and preservation for families;
- succession planning both for businesses and individuals;
- asset protection;
- tax reduction;
- pensions;
- employee benefit schemes.
 
The types of trusts most commonly employed in the Island of man include discretionary trusts, life interest trusts, purpose trusts, charitable trusts, pension trusts or employee benefit trusts. 
 
A trust arrangement offers a high degree of flexibility for investors and also a convenient level of security. What’s more, the arrangements between the trustor and the trustee are confidential and are not included in public records. One of our Isle of Man company registration agents can give you complete information about the available professional trustee.
 

Trustee services in the Island of Man

 
Investors who open a trust in the Isle of Man will offer their services through an Isle of Man based corporate trustee. The relationship between the trustor and the trustee is a fiduciary one, with the trustee having a number of duties, including exercising reasonable care, acting in the best interest of the trustor or to act fairly and impartially. 
 
Trusts in the Isle of Man can exist without a specific duration. Should they choose to do so, the settlors can impose a specific time limit for the trust. These types of establishments have an important advantage: they are completely exempt from taxes. 
 
For more information on offshore company formation in the Isle of Man, the process of opening trusts or funds and other investment advice, please do not hesitate to contact us.
 
 

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Call us now at +44 203 287 0408 to set up an appointment with our business consultants in the Isle of Man. Alternatively you can incorporate your company without traveling to the Isle of Man.

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