The quality that differentiates an offshore trust from an onshore trust is portability. The offshore trust can be transferred to alternative jurisdictions to maintain confidentiality and to advantage desirable facets of the new jurisdiction's laws.
a convenient vehicle for centralising the control and administration of such assets to provide sound financial reporting and maximum asset protection
a legal agreement enabling the settlor, who establishes the trust and places his assets into trust, to put distance between himself and his assets which makes it far harder for someone to come along and try and sue for or take control of the assets
a legal concept recognized almost without exception in common law countries
a legal entity that is owned by itself, established for a specified purpose in a foreign country by a Settlor or Grantor who wants the assets and funds in the Trust to continue to benefit the purpose, regardless what happens to him/herself
a particular legally proven tool on behalf of preserving in addition to protecting my assets
a trust not resident in Canada that may have to report its passive (non business) income, its income earned in Canada, and its dispositions of taxable Canadian property for Canadian tax purposes
a very simple agreement that helps put some distance between you and your hard earned assets
A trust the governing or applicable law of which is different from that of the settlor's home country, and which is the law of one of the world's many offshore financial centers which recognizes the concept of the trust.
An offshore trust is simply a conventional trust that is formed under the laws of an offshore jurisdiction.