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Trust and Fiduciary Solutions

 

“We will analyse your needs and in partnership with you, create a trust and fiduciary plan that suits your needs.”

Private Clients has international and domestic administration centres that offers a range of modern products and services providing you and your family with flexible and tailored fiduciary structures. Our team of fiduciary professionals will work closely with you to create a unique solution, providing careful planning and trust structures to protect and preserve your family wealth.
We will tailor a bespoke solution that is ideal for you through:

  • Creation of discretionary and other types of trust
  • Incorporation of offshore companies and partnerships
  • Establishment of offshore private trust company structures
  • Formation of tailor-made property holding groups
  • Bespoke structuring to protect business assets and family wealth
  • Ongoing administration and management of trusts, companies and other vehicles
  • South African wills
  • Estate planning

Why use Us?
 
Heritage

Our operations form part of Standard Bank's 130 year tradition. In 1880, the Griqualand West Loan, Trust and Agency Company Limited was incorporated, ultimately to be known as Standard Executors and Trustees Limited, a Standard Bank Group company.
We now operate within several international and domestic jurisdictions and have an extensive registered agent network.

  



Our people

Our team of trust professionals includes lawyers, accountants, company secretaries and trust professionals who are all highly qualified, experienced individuals dedicated to the efficient administration of your fiduciary vehicles.

  



Emerging Market Focus

With a head office in South Africa our perspective on the world differs to many of our global competitors. With our focus primarily on emerging markets, we have gained expertise and a great awareness of the necessity to be adaptable to your needs.
Most commercial trustees will not hold business or 'complex' assets in a basic trust structure, particularly assets in 'emerging market' economies. However, with our own emerging market focus we have a better appreciation of your concerns and requirements and will create a bespoke solution ideal for your needs.

  



Independence

As a professional corporate trustee, we provide a completely independent service unconstrained by in-house products, but with the added ability to benefit from other group services and the efficiencies of integrated system. You benefit from a boutique service that comes with the backing of an international bank.

  



Philosophy

Our philosophy is to develop a long term relationship with you, providing you with quality, personal service which is totally confidential, professional in approach and international in perspective. We will take the time to understand your needs and objectives in order provide you with a bespoke solution created to ensure you achieve your goals. Successful international financial planning depends on sound professional advice, which is why we will work closely with you and your professional adviser.
A dedicated team will consist of a Senior Manager and an administrator under the oversight of the Managing Director will be appointed to provide you with continuous, efficient service. Regular visits will be made by our Relationship Managers and trust specialists to key regions enabling us to keep up to date with your changing needs.

  



What is a Trust?
 

A trust is a legal arrangement where assets are held by a trustee for certain beneficiaries. The person contributing the assets to the trust is known as the Settlor, or a founder. A Settlor may be a beneficiary of the trust.

Discretionary Trusts

Discretionary trusts are where the trustee has discretion over how the assets are managed and how they are distributed to beneficiaries. An appropriately experienced investment manager would generally be appointed to manage the assets.

  



Reserved Powers Trusts

A Reserved Powers Trust is a trust where the settlor retains some powers over the assets transferred into trust. Commonly, settlors continue to make investment decisions whilst the ownership and decisions about distributions remain with the trustee. This way investments can be bought and sold at the settlor's direction.

  



Purpose Trusts

Purpose Trusts are trusts established for charitable or non-charitable purposes and which do not need any individual beneficiaries.

  



What are the benefits of a Trust?
 

Trusts are not only powerful and efficient tax-planning tools, but they also provide you and your family with a number of other benefits in preserving and protecting your wealth.

Preservation

Individuals often wish that particular assets are not divided amongst their heirs immediately on death. A trust allows assets to be retained intact. It may also allow distributions to family members should the need arise. Trusts may be used to influence the application of forced heirship rules that prescribe the manner in which wealth is distributed on death. Avoiding the expensive delays of probate - the Settlor's death does not affect assets held in the trust.

  



Protection

Asset protection - Assets transferred into a trust no longer form part of the Settlor's estate. They are usually safe from expropriation (if held offshore) or attack by creditors where the creditors' claims arise wholly after the transfer.
Confidentiality - Probate is usually a public process with the relevant tax authority requiring comprehensive details of all the deceased's assets. Since a trust avoids the need for probate, it avoids this public disclosure which can be time consuming and costly.
Political and economic stability - The offshore jurisdictions used by Private Clients to establish trusts and companies enjoy stable political and economic environments providing comfort that assets (if held offshore) may not be seized in times of political instability. Security - Assets held by the trustee will be registered in the name of the trustee. As such, there is no direct link between the Settlor and the assets. This is often an advantage where security is a concern.

  



Planning

Family business succession – As you have built up your business during your lifetime, you will want to ensure that control of the business passes to the next generation in an orderly fashion. Using a trust structure as a succession-planning tool ensures that your wishes are observed.
Tax - With the correct advice, trusts can provide efficient solutions to tax and estate planning challenges.

  



Family Office Services
 

We understand that single and multi-Family Offices often require more than a simple bank account, investment product or trust structure.
Standard Bank currently works with family offices based around the world providing a co-ordinated but tailored range of services for the family and the family businesses. To find out more about the services we can offer Family Offices, please contact Jonathan Sprigg on +44 203 145 8471 or email us at familyoffice@standardbank.com

International Services
 

Should you require an offshore trust, we have well-established operations in Jersey and Mauritius where you have access to experienced, international fiduciary teams providing you with a range of services such as:

  • Creation of offshore trusts
  • Incorporation of offshore and onshore companies
  • Establishment of private trust company structures
  • Formation of tailor-made property holding groups
  • Bespoke structuring to protect business assets and family wealth
  • Ongoing administration and management of trusts, companies and other vehicles
  • Family Office Services
Jersey

Jersey is one of the world's major international finance centres. Its successful combination of stability and reliability has kept Jersey at the forefront of global finance for 50 years. It enjoys a close physical proximity to Europe but remains independent from the European Union.
Financial services have developed within the island's stable political and fiscal infrastructure. Government determination to encourage high quality business to the island combined with comprehensive laws and regulations, promote investor confidence. 

Key attractions

  • High quality accountancy, legal and other professional expertise
  • Independent and stable political and economic strategies
  • Internationally recognised regulation
  • European time zone (GMT)


Features

  • A Jersey resident company is charged tax in Jersey at the rate of 0% with the exception of some Jersey based business activities.
  • The beneficial ownership of a Jersey company is disclosed to the Jersey Financial Services Commission at the time of incorporation. If the owner is a trust, details of those who have formed the trust and trustees must be disclosed
  • Shares can be issued with or without par value and do not have to be paid-up.
  • Details of Shareholders but not Directors are available for public inspection.
  • Corporate Directors are permitted.
  • An annual return of share capital must be made by February 28th each year accompanied by the relevant annual payment.
  • Accounts of private companies do not have to be filed with the Jersey Financial Services Commission.

  



Mauritius

Mauritius is a stable democratic country with a strong and independent judiciary with a long standing history of international trade, finance and business.
The economic restructuring of the Mauritian economy over the past two decades has won international recognition of the country as a premier financial centre.
Mauritius introduced global business incentives in 1992 and this has quickly led the island to become a regional financial centre.
Companies which undertake global businesses may apply for one of two licences which may enable them to enjoy a number of incentives including an extensive network of double taxation treaties, no withholding taxes on dividends, no capital gains tax on disposal of securities and other movable property. 

Key attractions

  • Established and respected regulatory system
  • Tested legal system with access to the Privy Council in London
  • High standards of international professional services
  • Bilingual, well qualified professionals
  • Ideal time zone for Africa and the Middle East


Features of Mauritius Companies

  GBC1 GBC2
Time to incorporate Up to 2 weeks Up to 4 days
Company info public (directors / shareholders) No No
Activities Almost unlimited Restricted
Minimum number of shareholders 1 1
Minimum number of directors 2 1
Corporate directors permitted No Yes
Local directors required Yes No
Audited financials required Yes No
Audited statements submitted to FSC. 
GBC2 also submits financial summary every year.
  No
Bearer shares permitted No No
Company secretary required Yes No
Annual return No No
Statutory fee - incorporation USD 1800 USD 300
Tax treaty benefits Yes No
Tax return filing necessary Yes No
Taxable in Mauritius Yes Exempt

 

  



International Property Services
 

Property assets are one of the largest and most widely held asset classes globally. Whether you are a seasoned professional or a first time investor, sourcing, purchasing and holding property overseas can be a complex and time consuming process. 

We are here to help. Our International Property Services team provides a single source of expertise, bringing many years of experience and knowledge from across the Standard Bank Group to you via one dedicated point of contact. 

Working in partnership with you and your relationship manager, our International Property Services team provides an efficient, personalised service tailored to your specific needs, enabling you to benefit from the depth of experience that a major international financial institution can provide. 

Whether you are looking for assistance to source and purchase an off-market flat in Knightsbridge or a portfolio of hotels across the world, our International Property Services team is ideally placed to assist you. 

To find out more please contact us on property@standardbank.com or on +44 1534 881110 

Complete Product Suite
 
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“Leave a legacy - the wealth you accrue today is amplified, if it can make a difference tomorrow.”

Trust and Fiduciary Services
 

With Private Clients, you are assured that the best long-term plans for legacy wealth management have been put in place – ensuring the next generation can build on a foundation of wealth created by yourself. Modern estate planning is more about legacy wealth management. 

Sophisticated clients need a global partner that will ensure simplicity at home, but can accommodate evolving personal and business needs and provide assistance on an international scale. Your affairs need to be arranged, managed and protected so that you and your family (and other beneficiaries) may enjoy, and continue to enjoy, the maximum benefit from your estate both during your lifetime and after your death, regardless of when death might occur. 

We will analyse your needs and in partnership with you, create a legacy wealth management plan that suits your needs. 

Peace of mind comes with effective forward planning – which includes services that take care of wills, estate planning and trusts geared around the fulfilment of your financial and legacy goals. 

The affairs of your estate will be arranged and managed so that the legacy you create and leave to your family and other beneficiaries is protected. The services we offer will not only ensure simplicity, but are also structured to evolve with your changing personal and business needs. 

We provide an international solution so that during your retirement and even after your death, you and your family enjoy the maximum benefit. We ensure that the management of wealth in several geographic locations does not become costly and time-consuming. We provide a range of services to assist in efficient administration of international fiduciary arrangements and investments, including the establishment and administration of international structures. With a footprint in South Africa, Jersey and Mauritius, we will provide you with a solution tailored to fit your specific requirements.

We can also work with your advisors and are able to establish holding companies in multiple jurisdictions through our registered agent network. 

We provide assistance to devise efficient strategies for holding assets, both domestically and internationally. Trusts – a form of asset protection and preservation are the most commonly used structures, but the Trust and Fiduciary team have experience in dealing with other forms of structures in diverse jurisdictions, for example, UK limited partnerships or special purpose vehicles in Singapore.

Complete Product Suite
 
Connect with us

“We provide access to Investment Services within three core areas: Discretionary Asset Management services, Fund Solutions and Stockbroking”

Trust and Fiduciary
 

Discretionary Asset Management Services give you the freedom to concentrate on what is important to you because our experts handle a bespoke portfolio on your behalf, with the utmost care and proficiency.

Complete Product Suite
 
Connect with us

“We provide access to Investment Services within three core areas: Discretionary Asset Management services, Fund Solutions and Stockbroking”

Trust and Fiduciary
 

Discretionary Asset Management Services give you the freedom to concentrate on what is important to you because our experts handle a bespoke portfolio on your behalf, with the utmost care and proficiency.

Complete Product Suite
 
Connect with us
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Updated 23 Oct 2014

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