Meeting Your Needs
We aim to deliver an outstanding level of service to our clients
Meeting your Needs
We want to deliver an outstanding level of service to our clients. Whether it is working with them directly or with you, we aim to ensure that our trust and corporate services are aligned with other aspects of your financial lives.
We build individual portfolios for each of your goals. Unlike most other trust specialists, our broad range of solutions gives you extensive choice and flexibility.
Our primary objective is to provide full trust and company management services to you. We have a varied client base and as such, the services that we do provide are also very varied. However one aspect of our work that does not change is the personal level of service and attention that we provide to all of our clients.
What clients can expect
Your reasons for setting up a trust can be many and varied ranging from estate and tax planning to Education and maintenance or asset management. We assist clients through the process of setting up of Trusts of which we will be Trustees. Once established we provide a full administrative management.
If requested, we can act as either Protector or Enforcer of a Trust that is managed by another Trustee.
The Isle of Man is a Common Law jurisdiction. Its trust law is based upon statute and case law.
Sterling Trust Limited is licensed by the Isle of Man Financial Services Authority to provide the following services:
- Trust Establishment
- Acting as Trustee
- Trust Administration
- Acting as Protector of a Trust
- Acting as Enforcer of a Trust
Companies in the Isle of Man may be incorporated under the Isle of Man Companies Acts 1931-2004 or under the Companies Acts 2006, and are now commonly referred to as “1931 Companies” and the “New Manx Vehicle” (“NMV”) respectively.
Companies are governed solely by the act under which they are incorporated and have distinct identities. However it is possible for a 1931 company to re-register as a company under the Companies Act 2006.
Foundations can used for charitable and non-charitable purposes, including wealth management and succession.
A foundation can be designed for a specific purpose however, in contrast to a trust it need not have beneficiaries and unlike a company does not have shareholders. It also has its own legal personality and the ability to enter into contracts in its own right. A foundation is run, in accordance with its regulations, by a council as opposed to directors or trustees.
Among other things, this is designed to appeal to clients and practitioners in civil law jurisdictions.
Sterling Trust Limited is licensed to act as Foundation services provider by the Isle of Man Financial Services Authority:
- Foundation Establishment
- Acting as Foundation Council
- Acting as Registered Agent
- Acting as Enforcer
Jurisdiction and Taxation
The Isle of Man has no capital taxes, and its system of taxation of income is attractive to both residents and non-residents alike. The income of a Trust, established in the Isle of Man, is free of taxation, where the beneficiaries of the Trust are non-residents, and the income is derived from sources outside of the Isle of Man.
In 2006 the Isle of Man introduced the 0/10 Corporate Tax Strategy for companies.
This set the standard rate of Corporate tax to 0% for all companies, other than a few excepted businesses whose rate of tax is set at 10%.
Isle of Man Foundations are treated as Corporate Tax Payers for the purposes of Income Tax in the Isle of Man and will generally be taxed at 0%.
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+44 (0)1624 611146
You’ll be connected to a member of our team. They’ll be happy to help answer any questions you may have.