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We Never Stop Working for You. APOLLO Offices :. Seychelles Hong Kong London Cyprus Russia Ukraine. Bank Accounts. Companies. Accounting & Bookkeeping. Foundations. SERVICES. TRUSTs. Ships & Yachts Registration. Seychelles unique legal system. - PowerPoint PPT PresentationTRANSCRIPT
We Never Stop Working We Never Stop Working for Youfor You
APOLLO Offices :APOLLO Offices :
SeychellesHong Kong LondonCyprusRussiaUkraine
Bank Accounts
Accounting & Bookkeeping
Ships & Yachts RegistrationTRUSTs
Foundations
SERVICESSERVICES
Seychelles unique legal systemSeychelles unique legal system
Seychelles legal system: Common Law and Civil Law Seychelles Financial Services can offer asset protection
solutions for entrepreneurs from both Common Law and Civil Law countries: Trusts for Common Law countriesPrivate Foundations for Civil Law countries
China – Civil Law Hong Kong – Common Law
Securing future via Trusts and Securing future via Trusts and FoundationsFoundations Asset Protection: To protect assets against creditors, excessive
taxation, political instability, forced heirship rules Family: For succession management, to protect closely held
businesses providing continuity into second and third generations, to protect minors, disabled persons; to manage payments or distribution of assets to family members, to provide for their education, housing
Business: Pension and employee benefit schemes; a vehicle for the collection of royalties; to hold shares in private and public companies
Charitable: To carry on religious, philanthropic, humanitarian or educational purposes, or to manage funds or assets for such purposes
Investment: To own real estate or other assets of considerable value such as Art works, to invest in shares, bonds, bank deposits, mutual funds
What is a Private Foundation?What is a Private Foundation?Separate Legal EntityA hybrid of a Company and a TrustHolds assets under Foundation’s name
Private FoundationPrivate FoundationFounder
Foundation
AssetsBeneficiaries
Charter&Regulations
CouncilProtector
Transfers assets to Foundation
Advantages of Private FoundationAdvantages of Private FoundationAsset Protection: the assets of the foundation cannot be used to satisfy the debts of the Founder or of beneficiaries. Where the assets have been transferred to the Foundation and out of the reach of creditors, claims must be made within 2 years. Neither the foundation nor transfer or property to a foundation shall be void, voidableArbitration: The Foundation Charter may provide that any dispute arising in connection with the foundation be resolved by arbitration, thus avoiding the public sphere of litigationCapital Requirements: A minimum of US$1 of assets must be transferred to the Foundation. there is no public records of the capital amounts other than this minimum transfer, so the sum of total assets held by the Foundation remains confidential
Advantages of Private FoundationAdvantages of Private FoundationPrivacy:
Beneficiaries are not publicly known Foundation can be shareholder of record of the underlying
CompaniesTaxation:
No taxes payable in Seychelles The transfer, donation of assets to the Foundation is not
subject to any tax in Seychelles, neither is the modification, dissolution of the Foundation. Income generated by the assets is not subject to taxes in Seychelles
Advantages of Private FoundationAdvantages of Private FoundationControl:
Founder can amendment Charter Regulations, appointment/remove Councillors, restrict beneficiary rights and entitlement, can add or exclude beneficiary, etc
Founder can be one of the CouncillorsProtector may be appointed by the Founder or the Foundation
Council with authority to remove the approve actions of the Foundation Council and remove Councillors
Founder may transfer his rights and powers to third partyRecognition: Recognised in all common and civil law jurisdictions
Structure ExampleStructure Example
China Business
HK Co
Foundation
We will help you We will help you to secure your to secure your
wealthwealth
All contacts at:www.apollo-international.com