Wealth structuring can take many forms using a variety of legal entities or arrangements, the most common of which are trusts, foundations and companies.

Trusts

Trusts are an ideal way to help you and your family manage and preserve your family wealth:

They protect the spendthrift, as some would see it, from their own shortcomings by placing the control and management of funds under an independent trustee with full authority to make decisions as to how and when such funds may be spent to provide benefits.
They can be used to assist the disabled by providing and/or enhancing their independence, well-being and financial security.
When it comes to estate settlement, trusts can help avoid the time, expense and publicity of probate.
Trusts can be used to transfer wealth efficiently from one generation to the next.
By “generation skipping” with funds going from, for instance, grandparents to grandchildren, trusts can help solve family inheritance issues.
Until Courts recognise pre-nuptial or post-nuptial agreements they do assist in protecting beneficiaries from some of the vagaries of the justice system.

Foundations

Odin Fiduciaries Limited has experience establishing and providing ongoing management to Isle of Man foundations which can be used as an alternative to a trust or company. The benefits of a foundation are:

It has its own legal personality
Understood by civil law jurisdictions
It is capable of holding assets in its own name, and is able to sue and be sued
It can have non charitable or charitable objectives
Beneficiaries do not need to be named on establishment

Companies

Company Formation

We are experts when it comes to company formations in Isle of Man. We offer a comprehensive company formation service, helping you to register a company in Isle of Man.

Company Administration

Companies in the Isle of Man are operating in an increasingly regulated environment, facing various challenges in order to comply with their statutory obligations pursuant to the Isle of Man Companies acts 1931 and 2006.

Strict company legislation means that in order to maintain a compliant company and avoid unnecessary fines and prosecution, it is vital that you have a strong corporate compliance and governance plan in place.

In addressing your specific requirements, our corporate compliance team will provide a tailored service that will meet your particular needs.

Corporate Compliance Services

Company Formation and Statutory Maintenance
Corporate Re-structuring
External Company (Branch) registration
Dissolutions and Members or Creditors Voluntary Liquidations
Administrative Company Restoration
Corporate Health Check
Registered Office and Registered Agent

Get in touch

ODIN FIDUCIARIES LIMITED

P.O. Box 1, Portland House, Station Road, Ballasalla, Isle of Man, IM99 6AB
T |+44 (0) 1624 822816 E | [email protected]
Registered in the Isle of Man, No. 074588C
Regulated as a Trust & Corporate Service Provider by the Isle of Man Financial Services Authority

DISCLAIMER

The contents of this website are provided for information purposes only including any media post. Nothing in this website constitutes any form of professional advice in particular, tax, legal or investment. Reasonable efforts have been made to ensure the accuracy of the website contents, however information can quickly become out of date due. The contents on this website are therefore provided without any representation and without warranty of any kind whether express or implied. Odin Fiduciaries Limited, so far as is legally permissible, disclaim all liability in respect of the information contained in this website.

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