In OLN Corporate Services, we provide a comprehensive Trust solution to both private and corporate clients across the globe. We help to establish and administer your trust account, allowing you to consolidate assets in a flexible and efficient manner.
Our services include the following:
- Designing the trust structure
Trusts are recognised instruments for tax planning, especially when beneficiaries are residents of a high-tax regime where worldwide income might be subject to heavy taxes. Well-designed trust structures allow beneficiaries to manage when tax is required to be paid, and can be tailor-made based on the needs of the beneficiaries.
- Drafting and reviewing the Trust Deed
The Trust Deed is the constitution of the Trust and therefore a well-drafted Trust Deed is the key to ensuring that the trust structure is secured.
- Preparation of transfer of assets into the trust
The assets that can be put into the trust include:- Cash deposits
- Securities
- Real property
- Financial products
- Private companies
- Insurance policies
- Acting as trustee of the Trust and coordinate with other professional advisors
Upon creation of trust, the trust assets are transferred to a Trustee. Since the Trustee becomes the legal owner of the assets, a reliable Trustee is needed. By acting as the Trustee, clients are able to take advantage of all “in-house” services without needing to look outside for Trustee services.
- Maintaining the books and records of the underlying Trust companies
As part of our administrative services, we can provide company secretarial administration and maintenance of statutory forms, returns, and records of the underlying companies.
- Administering of Trust accounts
One of the “in-house” services include keeping and maintaining of trust accounts. Clients can benefit from our accounting services with providing one-stop service of preparation of trust accounts for tax reporting purposes.