Trust and fiduciary structures
When investing into an area such as Dubai there are a number of factors for a client to consider, not least the correct structuring of any inward investment. By undertaking careful planning at the outset, significant savings of time and money can result.
We work closely with Fairbairn Trust Limited, based in Jersey, Channel Islands, who are experienced in offering bespoke solutions to clients needs.
Benefits of trust and company structures
- Confidentiality - Any property would be owned through a nominee rather than in the individuals own name
- Transfer fees - Local taxes of up to 2.5% can be saved on resale of the property
- Stability - Property owned through a company would be held in a stable economic and political environment
- Time zones - The directors of the company would be based in the same time zones as UK investors
- Wealth management - Ability to maximise tax efficiency and coordination of assets through a trust and company structure
- Probate - Significant time and cost savings can result through the correct structuring of assets
- Forced Heirship - Where relevant a trust can also assist with removing any threat of forced heirship provisions
These are just some examples of the advantages of holding property through fiduciary structures.
If you require any further information on the benefits of trust and companies please do not hesitate to contact us and we will happily refer you to our dedicated contact at Fairbairn.
In Jersey, Fairbairn Trust Limited is regulated by the Jersey Financial Services Commission under the Financial Services (Jersey) Law 1998 for the purposes of carrying on Trust Company Business.
Fairbairn Private Bank (IOM) Limited is licensed by the Isle of Man Financial Supervision Commission to conduct Banking and Investment Business and it's principal place of business is in the Isle of Man. Fairbairn Private Bank Limited is registered with the Jersey Financial Services Commission under the Banking Business (Jersey) Law 1991 and the Financial Services (Jersey) Law 1998 for Banking and Investment Business respectively
