Skep 'n trust

Motivation

The raid on Cyprusdepositors in March 2013 precipitated our trustee service to the public.

Historical capital levies of the world

There are recorded capital levies by the ancient Greeks ranging from 1% aan 4%.
There are no recorded (readlegal”) capital levies before Word War I.

Date Country Type of asset Rate
1919 Germany Real estate from 10% aan 65%
1920 Italy Real estate from 4.50% aan 50%
1920 Czechoslovakia Real estate from 3% aan 40%
1921 Hungary Real estate from 5% aan 20%
1946 Japan Real estate from 10% aan 90%
1990 Brazil Financial (bank deposits) 100% from US$1,250
1992 Italy Financial (bank deposits) 0.6%
2001 Argentina Financial (deposits in foreign currencies) 100%
2008 Argentina Financial (pensions) 100%
2009 Ierland Financial (funded public pension fund) 25%
2010 Ierland Financial (funded public pension fund) 12%
2010 Hungary Financial (private pensions) 100% (nationalization)1
2013 Ciprus Financial (bank deposits) 100% over 100,000 EUR, affecting 2 banke
2019 Lebanon Financial (bank deposits) 100% van buitelandse valuta. Bevriesing is steeds aan die gang vandag.

Overview of legal bank guarantees

Entiteit Deposito waarborg Buitelandse valuta gedek
EU2 100,000 EUR (of ekwivalent vir nie-Eurosone lande) Geen
Eiland Man £50,000 vir individue en £20,000 vir entiteite.3 Yes
Kanaal-eilande (Jersey en Guernsey) £50 000 per persoon, per bankgroepe4 Yes
VSA5 VS$250 000 Geen
Palau VS$250 000 (van FDIC VSA) Geen
Mikronesië VS$250 000 (van FDIC VSA) Geen
grafiek-3373119_1920 VS$250 000 (van FDIC VSA) Geen
Japan JPY 10,000,000 Geen
Thailand THB 1,000,000 Geen
Maleisië MYR 250,000 Yes
Taiwan TWD$3 000 000 Yes
Hong Kong HKD 500,000 Yes
Lebanon LBP 5,000,000 (VS$3,316 voor 2019, af tot VS$200 vanaf 1 Januarie 2022 as gevolg van die wisselkoers). In werklikheid: dit is net nul! Geen

Trend of public confidence in the US

Our solution: a trust

Alhoewel die wettige bankwaarborge 'n soort vangnet bied, they are unfunded in case of a systemic crisis6.
The trust is a wonderful invention that gives a legal structure for:

  • fast set-up: usually in 2 business days
  • flexibility: you can make up any possible rules of management, settlement, investment, events, etc

Which jurisdiction?

The choice of the jurisdiction will be done by the Trustee(s) which we provide.

Our fees

See the Gelde page.

Type of trusts offered

We do NIE offer land or real estate trusts. However the land can be held by a company whose shares will be held by the trust.
All of our trusts can be revocable or irrevocable.
Period of the trust: from 2 years minimum to perpetuity.

  • Beneficiary trust
  • Purpose trust, such as:
    • Charitable
    • Political
    • The erection and maintenance of tombs and monuments

Type of investments covered

  • Any major currencies (no cash)
  • Irish bonds
  • Gold (physical or not)
  • Unit trusts/Mutual funds
  • Shares of companies
  • Digital assets (domain names, websites, etc)

Next step

Kontak Ons to discuss your trust requirements.

Notas

  1. https://blogs.wsj.com/emergingeurope/2010/11/24/hungary-forces-private-pension-fund-members-back-to-state-scheme/
  2. Insluitend Gibraltar, en alle Franse oorsese besittings
  3. https://www.iomfsa.im/consumer-material/isle-of-man-depositors-compensation-scheme-dcs/
  4. https://www.gov.je/Industry/Finance/DepositProtection/Pages/Overview.aspx
  5. Insluitend oorsese besittings: Amerikaanse Samoa, Amerikaanse Maagde-eilande, Mariana-eilande (Guam, Saipan)
  6. see Iceland, 2008
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