GENERAL
Seymour Trust Company Limited delivers cost-effective solutions and our fees are very competitive. We have a transparent pricing policy and we are if requested able to enter into fixed fee arrangements for defined services by prior arrangement. Our fees are based on the degree of responsibility, expertise and time involved in providing the services.
JERSEY FOUNDATIONS
Creation
Our fee for setting up a Jersey Foundation utilising our standard documentation is based upon the time involved and will not normally be less than £2,500.
This fee excludes the costs of our carrying out ‘due diligence’ functions in accordance with Anti-Money Laundering requirements, which will be charged on a time spent basis. Bespoke tailoring of the Foundation documentation will result in increased costs.
Annual
Responsibility fees for providing Qualified Member of Council, the maintenance in good standing and attending to local registration are charged on a calendar year basis. The fee will not normally be less than £3,250 per annum, is non apportionable and is chargeable in advance (exclusive of disbursements including those payable Jersey Registrar of £150). Fees in the first year will be charged on a pro-rata basis to 31 December, and thereafter on a calendar year basis. In addition we charge for additional trust services and administration, calculated on a time spent basis payable quarterly, half yearly or annually in arrears according to the level of activity involved, however, where these additional services do not exceed £3,250 per annum, no further fee will be charged.
Disbursements incurred will generally be charged quarterly in arrears.
NOTES:
- These fees quoted are those currently in force and are subject to future amendment.
- Where funds are not held within the Jersey Foundation or company under administration we may require an advance deposit.
Effective from 1 October 2009