Cook Islands Trust for asset protection, Does it Work??

[TheGlobetrotter]

Could you please︌ PM me? thanks

 

[JohnLocke]

They have not been around for almost a year, you better find some agent to‌ help you if the matter is urgent.

 

[TheGlobetrotter]

Thanks for the‍ info. Any list with trustworthy agents ?

 

[koohl]

https://www.offshorecorptalk.com/th...hy-offshore-company-formation-services.26419/The best list around anywhere on the net

and here are a few suggestions‍
https://www.offshore-protection.com/cook-islands-international-company-formationhttps://southpacgroup.com/why-establish-a-cook-islands-llc/

 

[Sols]

https://www.asiacititrust.com/https://southpac.co.ck/
Full list of licensed trust companies here:
https://www.fsc.gov.ck/cookIslandsFscApp/content/business-contacts/trustee

 

[burden]

Useful, thank you. I was looking into same.

 

[drphantom]

I have worked with Sterlingtrustee they are very professional‌ and good with their service if you can afford them.

 

[DeepDrilling]

My hope was that you'd⁠ still check in on this thread to follow up on whether you got your Cook⁤ Islands Trust set up and if the documents drafted for this entity are working as⁣ a shield against creditors in EU countries, for example.

 

[Clank]

Which EU countries recognize trusts? Not many I’m afraid.

 

[mytoofood]

No that's the main problem, a Trust can't provide any protection any longer at least not‌ the kind of protection most seek.

 

[Propeller]

Do you have any experience with them ?

 

[Sols]

Yes, have‌ worked with them many times.

 

[run]

Is a Cook Island Foundation much diffrent in regards of asset protection than a cook‌ island trust ?

 

[TheGlobetrotter]

can you elaborate‍ why it doesn t provide any protection anymore ?

 

[EliasIT]

Trusts have been discussed here many times. If you search a bit on OCT, you’ll‌ find many threads about it. The main problem is that in the EU and Europe,‍ trusts are no longer recognized, and they won’t protect you at all since any judge⁠ will force the trust to release everything it holds, including the ownership structure.

You’ll be⁤ left with an empty shell and poorer than you were before.

 

[TheGlobetrotter]

How exactly is an european court going to force a cook island trustee to⁢ release the assets? Moreover, how would that be posible if a spendtrift or distress clause︀ would be inserted in the trust deed ? Can you please elaborate, maybe with some︁ case examples ?

 

[Clank]

Criminal investigation, seize your assets or assets held⁤ by the trust / company in your home country.

 

[Clank]

I would keep it to small local firms⁤ if you don't want your name to appear in the next Pandora Papers leak.

 

[mytoofood]

Oh SFM Corporate services - that's bad I did business with them years ago, I‌ guess my name is leaked.

 

[TheGlobetrotter]

Why would you hold assets in your own‍ country over the trust? and if that is needed, why would t you add a⁠ holding company inbetween ?