| Tarsus Trust Company currently offers a wide variety of international financial services
Entity
Formation (top)
The Company can manage the formation of an entity or entities in appropriate jurisdictions to maximize the fulfillment of individual strategic needs. Each jurisdiction competes with other jurisdictions to offer specialty entities and legal frameworks under which these entities operate. For example, Bermuda has chosen insurance as a key niche for their entities and laws; Belize has focused on trust company formation, and Nevis on LLC formation with significant barriers to civil suits. Others have their specialties and legal framework under which they try to garner a piece of the international financial community markets. It is by using each and all of the appropriate areas of specialization offered by the many different jurisdictions that custom solutions are crafted for the specific needs of each individual client.
Tarsus offers entity formation such as International Business Companies, Limited Liability Companies, Companies Limited by Guarantee, Domestic Companies, Trusts, Partnerships, Foundations, Mutual Funds, etc. depending upon local laws and availability of Affiliates in:
●Bahamas
●Belize
●Bermuda
●British Virgin Islands
●Cayman
●China, Peoples Republic
●Dominica
●Liechtenstein
●Luxembuorg
●Mexico
●Netherlands Antilles
●Nevis
●St. Kitts
●St. Lucia
●Switzerland
●Turks and Caicos
●United States (all states)
Advisory Services (top)
Tarsus offers full and comprehensive consulting and advisory services to support the client base. These services include:
●International Financial Planning
●Mutual Fund formation, management, and Administration
●Insurance Company formation, management, and underwriting
●Hedge Fund formation, management, and administration
●Custom Product Development
●Transaction Facilitation for purchase and sale of goods
●Transportation of high-dollar goods such as art, gems, and metals
●Comprehensive International Business Intelligence
●Business Office presence in many jurisdictions
●Banking to support
●Intellectual Property identification, management, and support activities
International Deferred Private Variable Annuities (top)
The annuity is a long-held compliant form of sequestering assets from taxes and creditors to allow the asset to grow and compound free of current taxation. Annuities can be fixed-return or variable-return, short-term maturation or long-term maturation. The annuity can be directed at specific types of assets agreed to in advance of the funding. For example, some clients have invested their annuity’s funds in farmland (purchased free and clear and leased to farmers for a fixed fee per year), venture capital, corporate and country bonds, or mutual funds (domestic and international). One annuity was funded by the shares of a highly-appreciated family company with the beneficiaries of the annuity being the childrens' and grandchildrens' education. The Private Annuity can be as creative as you like with the framework establishing the fiduciary requirements of the annuities administrator.
Some significant differentiation between the two forms of annuities programs are as follows:
The private annuity provides you with tax deferral until the distribution of the funds. Only the payments received are taxable (in the year received) -- any earnings or growth of the principal is not taxed until distribution occurs. You have more flexibility in the types of investments you will be comfortable with. Our private annuity program offers estate-planning advantages as well, and you can also borrow against the annuity if needed. In our program, any principal remaining upon the client’s death is not subject to estate taxes, it will pass under the insurance program to your named beneficiaries free of any taxes. It is a time-honored way to transfer wealth free of astronomical estate taxes for those subject to high tax brackets.
Swiss annuities are a good product, but quite different from the private annuity. They have been in use for a long time and are safe, secure, and proven. However, unlike the private annuity there is an IRS excise tax due upon purchase of the Swiss annuity. The tax is on the total amount transferred for the purchase. There are usually fixed-rate returns and the annuity can be based on U.S. dollars, Swiss francs, or other significant currencies. This may subject the investment to currency exchange fluctuations. Some have their own linked mutual fund, some even permit the client to purchase gold -- but, they do not allow the client to direct the nature of the investment to the extent of a private annuity. Unlike the private annuity, there is no U.S. tax deferral with the Swiss annuity; you must pay annual income taxes on the earnings which significantly erodes the value of the principal. In general, the management fees for a Swiss annuity are greater than for a private annuity.
International Key Executive & Employee Programs (IKEEP) (top)
Most international companies find themselves straddling several countries and jurisdictions trying to plan effective employee benefit plans.
Public and private companies alike have the problem of setting up a benefit plan to both motivate key employees and the management team while avoiding problems with local customs, unstable governments or blocked currencies and assets. International managers and key employees have to be rewarded in recognized forms. A retirement or incentive plan funded with Nira, Rupees, or Sucres will not be highly valued by an international manager or an experienced employee with sophistication.
Our team of internal financial planners and strategists have solved these problems through the development of International Key Employee and Executive Programs (IKEEP). An IKEEP usually takes the form of a single and discrete entity that is funded with stable currencies. The entities will, for the most part, be Nevis LLCs or Trusts with very clear and explicit instructions on how the employee earns money to fund the IKEEP and how the employee vests to obtain the future benefit of the IKEEP.
IKEEP can include a Signing Incentive, Growth Incentive, Profit Incentives and Retention Incentives, or other creative forms that can be individually tailored.
IKEEP will have mechanisms in place for the Key Employee to receive the benefits however they choose. Each IKEEP is a custom benefit program and access to the IKEEPs funds, once available, are determined by the company and an agreement with the Key Employee and the IKEEP administrator.
IKEEPs are most often set up by an international company, usually the parent company or the management company of the domestic operating company (wherever that may be). The funds are obtained for the IKEEP by the international company or management company and are placed in the IKEEP. The IKEEP funds will be invested in a manner that fits the terms, duration and size of each IKEEP.
Since the tax treatment of the IKEEP program is so variable depending upon the country of work, presence, and citizenship, concerning both the company and the employee –- no representation on tax issues is expressed or implied. This is only a summary of the IKEEP program.
Mutual Fund Services (top)
Tarsus, through Tarsus Trust Administrative Services, LLC. (a licensed provider of services in Nevis), offers a full-service partnership approach to a select group of mutual fund clients looking for truly customized service. We offer turn-key capabilities that anchor all of the diverse resources needed to run a full-service mutual fund. We continually providing exceptional customer service to each and all of the Fund Managers and their clients.
The rules also allow for a rapid re-domicile with or from other recognized mutual fund jurisdictions.
In Nevis there are three classes of funds: a Mutual Fund (publicly traded and unlimited on funds or number of investors), a Professional Fund (limited to 100 accredited investors) and a Private Fund (limited to the number of investors).
Private Fund Services (top)
The Nevis Private Fund is an exceptional tool for the fund manager to use to test and prove new trading methodologies with a limited number of investors before a larger roll-out with limited expense and compliance matters.
The Private Fund also has uses for the owner of a portfolio of many equities, Family-Owned Business planning, Intellectual Property Banking, and/ or a Consolidation of Rights.
The Private Fund provides a recognized base for the entrepreneur to use a recognized structure as an investment or ownership vehicle that is completely suited to their needs.
Escrow Services (top)
Trust Formation & Administration (top)
Trusts are a unique vehicle allowing the grantor to transfer property of most any kind, in to a structure to be managed by a trustee for the beneficiaries.
Examples of different types of trusts are: Family Trusts, Purpose Trusts. Land Trusts, Trusts in and for multiple jurisdictions, Unit Investment Trusts, Debt Retirement Trusts, Pension Trusts, Voting Trusts, Charitable Trusts, and Multi-Generation Trusts.
Trusts are versatile and allow for flexibility in dealing with matters such as wealth protection, probate, privacy, protection of property and assets from proceedings that may occur in the future against the grantor or settlor.
Insurance Companies (top)
Insurance companies provide a valuable tool for the use of captives for the initial transfer of assets into a wealth management structure. Until recently captive insurance was the exclusive domain of the large companies and little use was made by smaller, privately-owned companies. This is changing very quickly as we see more and more captives being used as an integral part of wealth management structures.
Captives also make sense outside of a wealth management structure when used to insure against those perils that have a low incidence of occurrence but a high loss when claimed or a constant low volume of claims that are poorly administered. Both of these scenarios offer an opportunity for a private insurance company dedicated to one company or family of businesses to be a provider of significant cost savings.
Warranty Companies (top)
Warranty companies offer the opportunity to provide a third-party warranty for a product. Warranty companies do not provide insurance, but recourse for a less-than-satisfactory product. These product warranties can be a very creative business and wealth management tool. They can also be structured to offer some protection against cause of action suits leveled at companies and their products.
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