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Can I appoint my child as the beneficial owner of my company?

June 28, 2013 - by Nida U.

Many clients have been recently asking this same question.

And the answer is NO. For BVI, Belize or Seychelles companies all parties involved (beneficial owners, shareholders and directors) have to be of age (at least 18 years old).

For those who do wish to ensure that, in case anything happens to them, we can offer the establishment of Trust in Belize or Seychelles. This vehicle can serve as a good asset protection and extra shield of confidentiality for your company too.

You can read more about trust in my previous blogs here:
The origins of Trusts…
Settlor, Trustee, Beneficiray roles in a Trust
Mix and match for better asset protection
Having difficulty in deciding to establish Trust or Foundation?

Thank you for reading my post! And you are welcome to leave comments, feedback, suggestions for other posts or contact me for more information.

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