Belgium stands at Europe’s crossroads, known for diplomacy – and for offering a legal refuge to people escaping political threats. Many asylum seekers in Belgium arrive not for opportunity, but for survival. They may have been persecuted for protesting, writing openly, joining movements, or simply holding an opinion that conflicts with those in power. When…
Political oppression is a great problem that can impact all of humanity around the globe. The government is usually turned against its citizens for expressing different views or beliefs; sometimes even undertaking activities that could endanger the nation. That is why they can face an unfair trial, confinement, or even cruel treatment. Escaping oneself from…
Political persecution is a considerable matter which can influence people around the globe. Governmental body of the particular country takes an aim at the individuals who express their different opinion or belief. Sometimes these people can resort to actions which threaten the country one way or another. They can encounter unjust trial, confinement, or even…
Political oppression is a considerable issue that can have an impact on people around the world. Governmental body of the particular country takes an aim at those who express their different viewpoint or belief. Sometimes these people can resort to actions which threaten the country one way or another. They can encounter unjust trial, confinement,…
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An excellent opportunity to acquire a fully licensed and operational Virtual Asset Service Provider (VASP) company in Lithuania. The company is structured to serve both B2B and C2B segments, offering crypto payment and exchange solutions via a scalable and compliant infrastructure. Key Features of this Lithuanian VASP: Regulatory and Company Setup License: VASP License issued…
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A ready-to-operate Polish company is now available for acquisition, offering a fast and efficient market entry. This is an ideal solution for investors and entrepreneurs seeking an established structure with active banking and management in place. Key Features of this Polish Ready-Made Company Date of Incorporation: February 2022 Company Activity: General Trade Director Services: Included…
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+1 (888) 647 05 40Trust is one of the tax planning tools. Trust is also used in protecting existing assets and transferring them as inheritance. The biggest mistake in understanding the essence of trust is that many consider it as some specific type of company. Although, in fact, a trust is one of the forms of contractual property relations.
Trust is understood as an agreement according to which some property or part of it will be transferred to the managing person, however, the beneficiaries will own this property and receive profit from it. Both immovable and movable property can act as a trust property.
The founder has the right to transfer the property during the lifetime or to appoint a transfer after death (in this case, we are talking about a testamentary trust). The trustees carry out a comprehensive due diligence of all persons who are participants in the trust. The registration of a trust does not require the involvement of third parties. All transactions are guaranteed to remain private, which, in turn, ensures the confidentiality and safety of information about the beneficiaries.
A trust has several advantages that allow you to optimize the taxation process and protect property from the effects of various kinds of negative factors. The advantages of a trust are as follows:
In order to ensure maximum protection of the rights and interests of the beneficiary, the possible presence of one more participant – the committee – is provided. The committee is appointed by the founder and oversees the actions of the trusted owner. It is best to choose as the committee someone with no interest in the property, such as a legal advisor or accountant.
The creation and further maintenance of a trust is a very confusing process, involving many nuances, which may not be familiar to everyone. All aspects of this procedure require the professional approach of lawyers. The team of specialists of Eternity Law International has sufficient experience in working with trusts and is ready for tasks of any complexity. Advice is also provided.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.