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Purpose trusts

A purpose trust does not have any beneficiaries, exists for a specific purpose and is commonly used in conjunction with asset financing transactions, securitisations or to hold the shares of a private trust company.
28th November, 2017

Purpose trust legislation exists in many jurisdictions and the following briefing relates specifically to Isle of Man purpose trusts. 

However, ILS World has offices and experts based in the British Virgin Islands, London, Portugal, Dubai, Hong Kong as well as the Isle of Man and the team has a great deal of experience advising on trusts. They have built up a reputation for providing a high standard of help, management and support.

To read more about purpose trusts please click here.

Business development

Gemma Davies
Gemma Davies
Head of Private Clients Isle of Man