Incorporate a TRUST in Vanuatu

Incorporate a TRUST in Vanuatu: an instrument to know better

Since very ancient times, countries of the Common Law use the notion of trust (translated by “fiducie” in French).
The trust enables the owner of assets (the settlor) to transfer the assets to an independent scheme (the trust or « fiducie ») which will be administered by the Trustee for the benefit of a third person (the beneficiary).
The settler, using the trust declaration, isn’t the owner of the assets anymore (especially at the eyes of other persons, of the administration, of the justice…). He gives his management instruction using vow letters addressed to the trustee and he can, at any time, cancel the trust and so take back his assets. If he doesn’t do it, at the moment of the event originally planned,   (death of the settlor, majority of the beneficiary…) the assets confided are restored free of charges to the designated beneficiary. This technique guarantees a complete anonymity and allows the creation of an asset independent from the settling person (which the French right doesn’t allow).

Advantages of a Trust

Absolute secrecy.  The identity of the settlor is confidential. The ownership is vested upon the settlor who acts as the legal owner (the trust is administered by the settlor under the instructions of the settlor).  In other respects, Vanuatu has never signed a tax treaty with any country.

Facilitate transfer. The whole assets held by the Trustee will return (under conditions specified in the Trust Deed) secretly to the beneficiary without the probate and inheritance laws such as the legal share or taxation laws in the settlor’s or beneficiary’s country of domicile being applicable.