Trusts may be used for, inter alia:

Estate Planning

eg, avoiding the need for a will in different jurisdictions or avoiding forced heirship rules.

Family Financial Planning

eg, preserving assets for future generations

Fiscal Planning

eg, avoiding taxes and exchange control regulations

Employee Share Incentive Schemes

eg, to maximise after tax incentives to employees

Offshore companies administered in Jersey may be used for, inter alia:

  • Moving the situs of an asset to avoid, for example, Estates and Inheritance Taxes
  • Personal asset holding purposes
  • Corporate structures
  • Personal and corporate tax planning
  • Patent, ship, aircraft and similar asset owning companies
  • Trading purposes
  • Captive insurance and reinsurance companies
  • Employment purposes to avoid high income taxes and social welfare costs

As a general rule, no Jersey tax is payable by a trust or company administered by Ernst & Young Trust Company (Jersey) Ltd [other than the exempt company fee].

We have technical briefs and brochures on many subjects, a list of which is available on request.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information please contact:

Veronica Tonge
Ernst & Young Trust Company (Jersey) Limited
PO Box 621
Le Gallais Chambers
54 Bath Street
St Helier
Jersey
Channel Islands
JE4 8YD

Tel No: 01534 501000
Fax No: 01534 23265
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URL:     Click Contact Link