All Topics / Hotch Potch / How to set up a trust account

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of VaslavVaslav
    Member
    @vaslav
    Join Date: 2003
    Post Count: 86
    November 16, 2003 - 12:06 pm

    Dear people, just came back from Steve’s Melbourne Seminar, it was great and i get this idea about investing as a non-resident.

    Dave mention something about setting up an Australian trust that then buys the property i’m looking into. The only problem is he’s unsure how to go about doing it for a non-resident.

    To the lawyers and those who have information regarding this, could u please enlighten me regardging this? can i as a non-resident set up a trust here in Australia and buy property thru it? or does that still comes under FIRB regulations?

    if i set it up, do i need to have an australian resident in the trust setup or can i have just me and my dad ( who are both non-resident )? also.. if i set it up with an australian partner, could i escape FIRB regulation then since one of the trustee is a resident?

    what is the best way to go ?

    thanks,

    Kevin

    Profile photo of SaskatoonSaskatoon
    Participant
    @saskatoon
    Join Date: 2002
    Post Count: 112
    November 17, 2003 - 11:32 pm

    Kevin.
    your first check would be on the FIRB website.
    Then take a look at NZ ‘off-shore’ trusts – do a search – look at http://www.family-trust.co.nz or look for ‘asiaciti’. These will give you a start.
    Note: not a recommendation or advice!
    Terry

    Terence McMahon
    HomeWin
    Finance

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘How to set up a trust account’ is closed to new replies.