The questions of proprietor’s anonymity and protection of successor's interests has been raised in recent years.
It is obvious that classic offshore companies cannot satisfy the requirements fully on the matter.
That is why further to “classic offshores” new instruments appear.
The main idea of Trust registration can be observed easily.One person who is a founder makes property to another body (a trustee) in order the trustee was the owner of the assets which are separate from other private assets of the founder (so called Trust Fund).The trustee negotiates deals with the assets in behalf of the founder or beneficiary, or/and provides other activities specified in Trust.Main purposes of Trust registration Features of ownership by Trust On the one side trust has a serious disadvantage which needs to be mentioned here.The disadvantage is the point that you lose full and direct control under your assets.
But on another side this disadvantage has a positive point, as Trust agreement does not contemplate its denouncement unilaterally and will hardly be admitted by court as fictitious.In its turn this fact protects your assets from claims of third parties.Trusts in different jurisdictions 1) English Common Law Primordial concept of Trust belonged to so called English Common Law.Registration of Trust derives from making a written or verbal agreement between a founder and a trustee.State registration is not always compulsory but can be done on a voluntary basis.Trusts are widespread in such jurisdictions as the BVI, Panama, Belize, Cyprus, New Zealand and some other countries.