Month: October 2018

As you will be aware, there are new legal requirements in relation to the record keeping and registration of beneficial owners for both companies and trusts.

Join the members of the APRSF and experts Karel Rada and Jan Pavelka from law firm Pavelka s.r.o. At the seminar we will discuss key issues around these new legal requirements including answers to the following questions:

• Who are the beneficial owners of a company?
• Who are the beneficial owners of a trust?
• How should beneficial ownership be documented?
• What are the record keeping requirements for companies and trusts?
• What are the consequences of failure to keep the necessary records?
• What is the register of beneficial ownership?
• Do I need to register? And what are the consequences if I don’t

The seminar will be held in the Czech language at 17.00 on Wednesday, November 14th at the offices of PwC Czech Republic, City Green Court, Hvězdova 1734/2c, 140 00 Praha

The seminar will be followed by an opportunity to network over wine and nibbles.
The seminar is free, but we do ask you to register your attendance by email to info@trusty.cz

Here is some recent media coverage of our company and our team members:

 

Svěřenské fondy přišly o své tajemství. Banky jim přesto dál nevěří
Online ● Ekonom ● 11. 10. 2018 Vydavatel: Economia, a.s. ● Autor: Alžběta Vejvodová

 

Evidence nepomohla. Banky svěřenským fondům dál nevěří
Online ● Právní rádce ● 7. 9. 2018 Vydavatel: Economia, a.s. ● Autor: Alžběta Vejvodová

 

Evidence nepomohla. Banky svěřenským fondům dál nevěří
Tisk ● Právní rádce ● 7. 9. 2018 Vydavatel: Economia, a.s. ● Autor: Alžběta Vejvodová

 

If your trust was allocated a tax identification number before it was registered on the register of trusts, it is likely that the tax authorities have, or soon will, issue a new replacement identification number to ‘match’ the identification number from the register of trusts.

You may have already received a letter from the tax office or will receive one soon.

We never enjoy getting registered letters from the tax office, but if you get one in the next few weeks, do not be nervous – it’s probably just boring paperwork and nothing scary.

 

 

As you are probably aware, we run seminars every three months for trustees and trust advisers together with Deloitte and J&T Family office.  These seminars are endorsed by and lead to APRSF accreditation.

These seminars are of course normally delivered in Czech.  However, we have always offered to deliver the course in English given sufficient demand.  We now have some demand so if we can attract one or two more participants, we’ll be running the course IN ENGLISH ON 3 – 4 DECEMBER.

This is an intensive course suitable both for professionals who want to improve their ability to advise clients on trusts and also for people acting in the role of trustee. The course provides an in-depth understanding of the structure, history and practical applications of Trusts in the Czech Republic as well as detailed coverage of the duties and obligations of trustees.

This course is designed for:

• People who are considering, or have accepted, appointment as trustee of a Czech trust
• Lawyers, financial advisers, notaries and others who would like a core knowledge of trusts – suitable for providing clients with advice
• Anyone else seeking a more in-depth knowledge and understanding of trusts in the Czech Republic

For trustees, in most cases (depending on the terms of your trust documents) the cost of the course can be legitimately expensed to the trust.

Click here to download the full course syllabus, pricing, and registration details.  To register or if you have any questions, email us.  Don’t miss this chance as it’s likely to be four years or so until we do this again!