Sanctuary Trust Limited is licensed by the Isle of Man’s Financial Supervision Commission to provide trust services in accordance with the Financial Services Act 2008. Sanctuary has access to the Islands first class legal and commercial infrastructure including most large UK banks offering multicurrency bank accounts and the ‘Big Four’ accountancy practices.
Douglas, Isle of Man -- (SBWIRE) -- 09/07/2015 -- Sanctuary Trust has launched its operations in Isle of Man, providing professional trust services to companies and high net worth individuals around the world. Sanctuary Trust offers an array of services which include; offshore company formation and asset protection trust services.
"We will provide first class service to the Island with our team of professionals who include English Solicitors, Barristers, and Manx Advocates," Managing Director Elizabeth Grayton said. "Our clients will benefit from the fact that we will bill them at a lower hourly rate compared to if they hire a lawyer." Grayton also points out that being licensed by Isle of Man's Financial Supervision Commission, means that they have gone through intense vetting, scrutiny, and oversight.
Sanctuary Trust has a wide understanding of the trust industry and the rules and regulations governing this industry on the Island and the European Union which makes the Company perfectly suited to handle services from Isle of Man.
Sanctuary also has a working relationship with major banks on the Island which will prove to be an advantage to our clients as this will streamline the bank opening procedure for the corporate entities.
The Managing Director adds that Isle of Man will maintain confidentiality of the beneficial owners identity provided that the appropriate holding structures are put in place, unlike in the UK. "Intellectual property held by an offshore company allows clients easy method of transfer in the event of a sale by transfer of shares in the company." Elizabeth Grayton Added.
The services currently offered by Sanctuary Trust include:
General Fiduciary services
- Company administration services for asset holding entities. Including cash at banks, real estate property, and intellectual property.
- Company administration services for trading companies, covering a wide variety of business sectors.
- Trust administration for various types of trusts such as discretionary, purpose and interests in possession trust. Including provision of trustee services and necessary accounting and trust reconciliation services.
- Asset Protection Trust Services
About Sanctuary Trust Limited
Sanctuary Trust Limited ('Sanctuary') is an Isle of Man Company licensed by the Isle of Man's Financial Supervision Commission to provide both corporate and trust services in accordance with the Financial Services Act 2008. Located in Douglas, the business centre of the Isle of Man, Sanctuary has access to the Island's first class legal and commercial infrastructure including Manx Advocates, English Solicitors and Barristers practicing in the Isle of Man, most large UK banks offering multicurrency bank accounts and the 'Big Four' accountancy practices.
For More information contact:
Sanctuary Trust Limited
24 Athol Street
Isle of Man