Trust

Pinnacle International Group Limited provide trustee services to many of the best known names in the finance and investment industries, both locally and internationally. If you are launching a venture, our partners will offer their services as trustees and help to ensure a sound foundation, enhance your project’s creditability as well as help gain the confidence of investors. We are currently involved with enormous numbers of trusts, both in Auckland and worldwide.

Trust is like an insurance that is very common way to manage assets. Family trust is the basic and popular one. The purpose of many family trusts is to offer protection for assets and investments. They are a long term commitment and must be effectively managed to ensure that they protect your assets against risk. It is essential that they work if the worst happens and we can help you look after the following:

• Protection against professional liability claims
• Safeguarding your assets from financial disaster
• To gain tax advantages (in certain circumstances)
• Preparing for possible capital gains or death taxes
• Maintaining confidentiality about your financial affairs
• Preparing for the time you might need residential care planning
• Protection of assets against unexpected business debts
• Reducing the chance of relationship property claims by future partners
• Providing for your family even after you’re gone, as a mechanism for estate planning

A foreign trust is a trust set up in New Zealand with New Zealand resident Trustees, however the beneficiaries and settlor(s) of the trust reside overseas (i.e: outside New Zealand’s tax jurisdiction). Foreign trusts are also known as “offshore trusts” or “New Zealand exempt trusts”.

Commonly, NZ foreign trusts derive all of their income and hold all their assets offshore.
NZ foreign trusts have become very popular with overseas investors and business people. At the present time there is believed to be circa 10,000 registered foreign trusts in NZ and the number seems likely to continue to increase. This is for a number of reasons, as outlined below.

• Tax advantages of Foreign Trusts
• New Zealand’s business environment reputation is excellent
• Privacy and confidentiality of a Foreign Trust
• Flexibility and protection
• Advantages for new immigrants