Amar Bheenick

Our origins date back to the 1970s when we started working for clients from a single office in the Isle of Man. Since those early days OCRA Worldwide has built an excellent reputation for confidentiality, privacy and for constantly meeting, and exceeding, the expectations of the international business community.

We have grown into a thriving international group with offices in the Isle of Man, Madeira, UK, Finland, Luxembourg, Switzerland, Malta, Romania, Bulgaria, Cyprus, Seychelles, Mauritius, Hong Kong, Singapore, China, Brazil, Australia and Canada with special relationships in Eastern Europe, the United States, India, Japan and South Korea.

After 30 years in the corporate services industry we know that our clients’ needs are never static. To anticipate this, we subject everything we do to a continual process of refinement.
It is the reason people look at OCRA Worldwide today as the provider of choice and the provider they can trust.

Our pioneering spirit, professionalism and knowledge of regional markets sets us apart from the competition and, with a network of 20 offices strategically located around the world, you can be assured of our unwavering commitment in assisting you with your international business affairs.

Our Group is an innovative and creative association of multi-disciplined experts spanning all corners of the world. Our collective aim is to provide real and workable solutions in order to help our clients achieve maximum benefits, whilst reducing business costs.

In conclusion, there are two things clients can count on from OCRA Worldwide – high professional standards and the ability to deliver sustainable quality in everything we do.

A fiduciary structure can help preserve your wealth and offer you greater flexibility over the management and distribution of your assets. The most common type of fiduciary structure is a trust, a binding arrangement whereby assets are transferred to a “trustee” who is required to administer the trust assets for the benefit of specified beneficiaries strictly in accordance with the terms of the trust.

Through OCRA Worldwide’s licensed trust and trustee companies clients are offered:

- A bespoke service regarding the establishment of an offshore trust
- Trusteeship and related services
- Administration of the trust funds
- Trust accounting and maintenance of asset ledgers
- Reporting and filing as appropriate
- Guidance.

Different types of Offshore Trusts

Most offshore trusts fall into four broad categories:

Private: including discretionary, accumulation and maintenance, life interest and fixed interest trusts
Corporate: including pension and employee benefit trusts.
Charitable: solely for the benefit of charitable organisations.
Purpose: trusts with no beneficiaries that are established for purposes that are certain, reasonable and possible.

An offshore trust enables an individual (the “settlor”) to donate assets to a neutral third party or guardian (the “trustee”), who holds the assets and administers them for the benefit of other individuals nominated by the settlor and in many cases the settlor himself(the “beneficiaries”). This arrangement is normally recorded in a written document (the ”trust deed”).

The effect of creating an offshore trust is to shift the burden of property ownership onto a trustee, while retaining the benefit of the property for the beneficiaries.

An estate created under the will of a deceased person is a trust. A trust created by a person prior to death is known as an inter vivos trust. Most offshore trusts are formed as inter vivos trusts.

As trusts are a creation of English common law, most offshore trust locations will be jurisdictions where English common law and equity is the foundation of the legal system.