ADMINISTRATION, FIDUCIARY AND MANAGEMENT SERVICES
A fiduciary is a person or organization that owes to another the duties of good faith and trust. The highest legal duty of one party to another, it also involves being bound ethically to act in the other’s best interests. A fiduciary might be responsible for general well-being, but often it involves finances – managing the assets of another person, or of a group of people, for example. Attorneys at law, managers, bankers, accountants, executors, board members, and corporate officers can all be considered fiduciaries.
A fiduciary’s responsibilities or duties are both ethical and legal. When a party knowingly accepts a fiduciary duty on behalf of another party, he or she is required to act in the best interest of the principal, the party whose assets they are managing. The fiduciary is expected to manage the assets for the benefit of the other person rather than for his or her own profit, and cannot benefit personally from their management of assets. This is what is known as a prudent person standard of care. This formulation of the prudent-person rule required that a person acting as fiduciary was required to act first and foremost with the needs of beneficiaries in mind.
Strict care is taken to ensure no conflict of interest arises between the fiduciary and his principal. Fiduciaries cannot profit from their position. If the principal provides consent, then the fiduciary can keep whatever benefit they have received.
Fiduciary duties appear in a wide variety of common business relationships. The most common types of fiduciary relationships are between a trustee and a beneficiary. Under a trustee/beneficiary duty, the fiduciary has legal ownership of the property or assets and holds the power necessary to handle assets held in the name of the trust. However, the trustee must make decisions that are in the best interest of the beneficiary as the latter holds equitable title to the property.
You can use our fiduciary services for your companies, foundations, bank account management etc.
We are providing customized solutions for growth, protection and transfer of wealth with commitment to long-standing relationship that will exceed your business goals.
Fiduciary – nominee managing director
EUR 1000/per year
Fiduciary – nominee holding of shares
EUR 1500/per year
Secretarial work :
- business correspondence
- invoice collection
- taking calls
- archiving of company/personal documentation
- simple administration work
- insurance etc.
Price: EUR 50/hour
- VAT returns
- Annual financial statements
- Tax returns
- Personal tax declarations
- Social security administration CASS
- Import-export procedures
Price: EUR 100/hour
Fiduciary director/shareholder operational engagement
Price: EUR 200/hour
Consulting Services provided by specialist
Price: EUR 250/hour
Tax Consulting services
Price: EUR 500/hour
Transaction based fiduciary services
- Visiting apartment and office one time per month – collection, scanning and archiving of post
- Archiving of original company documentation, post and invoices;
- Basic accounting – yearly balance sheet for companies under 600.000 EUR turnover and less than 100 transactions per year.
starting from 1000 EUR/month
- Basic package plus
- Fiduciary director and fiduciary owner
- Full accounting
- Tax consulting (2h/month)
- Legal support (2h/month)
- Bank account management (working with the bank)
- Sales, promotion, business development (2h/month)