Highlights of the Hungarian trust:
- Absolute privacy
- Total asset protection
- Strong control
- Flexibility
- Strict fiduciary duties
- The trustee is subject to a duty of confidence
- Licensed trustee
- Several types of trust
- Unlimited duration
- Possible to set up an irrevocable trust
- The trustee is a NON-US person
- Protector
- Asset tracing
- Power to revoke the trustee at any time
- Power to change the governing law at any time
- Tax free asset transfer
- Trust income max. 9 % CIT
- Tax & legal compliance
- Segregated trust assets
- Segregated bank and security accounts for every trust
- No publicly available information about the settlors and beneficiaries
- Monthly financial reports to the costumers
- EUR 5 million indemnity insurance by Lloyds