Summary of main comparative benefits
A Hungarian Trust, whether revocable or irrevocable, offers full and unchallengeable legal protection for the trust fund against the future or subsequent claims of spouses, creditors, heirs etc. of the settlor and the beneficiaries. This legal structure comes with a number of tax benefits thanks to the beneficial corporate and personal tax environment of Hungary. The assets contributed to a HU-Trust no longer form part of the settlor’s property and thus may no longer provide base for wealth, gift or estate taxes in some jurisdictions. Discrete ownership is achievable, since the settlor and beneficiary of a HU-Trust appear only in the trustee’s register and remain therefore sealed from the general public. A HU-Trust also provides almost the same degree of flexibility and reliability that you are used to in your favourite common law trust jurisdictions (e.g. Jersey, BVI etc.). The electronic registration procedures offer quick establishment of any trust or corporate structure.