Start Your International Company with Zero Hassle
Benson Formations is a boutique corporate service provider focused on helping entrepreneurs set-up and run their onshore and offshore companies.
We will establish your company abroad, mitigate taxes and open bank accounts where it’s the best. Contact us to hear more.
Benson Formations is a part of Vasil & Partners a group of companies who delivers you comprehensive legal, accounting, advisory and corporate services in several jurisdictions in the field of laws, family office and residency and citizenships.
We understand your goals & recommend the right structure
We handle your documentation and registration
We help you secure reliable banking & tax solutions
You’re ready to operate globally with confidence
One-stop shop for company formation. Integrated & holistic services tailored to your needs.
Coutts, the NatWest-owned private bank reputed to have the British monarch as its client, has raised its minimum client threshold from the previous £1 million to £3 million (€3.44 million, $4.05 million) in available assets (investments or cash savings).
As mentioned in the previous parts of our series, Trusts serve as an essential tool for asset protection, tax efficiency and long-term legacy succession planning.
If the Trust Deed is the skeleton of the trust legal structure, the Letter of Wishes (LoW) is its heart, providing the intent and philosophy behind the Settlor’s decisions, acting as a personal guide for the Trustee.
The primary appeal of a trust is the asset protection and privacy it provides. Because assets held in a trust are no longer technically owned by the settlor, they are often shielded from personal creditors and lawsuits.
A trust is a fiduciary relationship built around three primary roles in which one party, the Settlor or Grantor, transfers legal title of assets -such as real estate, stocks, or cash- to a second party, the Trustee (individual or corporate) to hold and manage them for the benefit of a third party, the Beneficiary or more beneficiaries.
OHADA stands for Organisation pour l’Harmonisation en Afrique du Droit des Affaires (Organisation for the Harmonisation of Business Law in Africa) was established in 1993.
