Publication details

Introduction of a new trust-like institute in the Czech republic


LIŠKA Michal VITOUL Vlastimil

Year of publication 2015
Type Article in Periodical
Magazine / Source Annual Center Review
Description The first part of the contribution generally describes Czech trust-like institution. Trusts are unique especially because of two uncommon concepts, the concept of partial legal personality and the concept of ownership without any owner. The second part of this contribution pointed out the fact that the directive-based professionalization of the trustee ensures a sufficient guarantee from the abuse of this institute. The possibility of choosing the tax domicile of trust fund administration, i.e. the place where the economic activities will be carried out extra sensu, gives space to considerations of whether the discussions on the possible abuse of Czech trust funds were actually needed because the neutrality of the Czech tax environment does not offer any special advantages to these funds. It may thus be concluded that the regulation of Czech trust funds in this country is not at such a low level as might be occasionally claimed.
Related projects:

You are running an old browser version. We recommend updating your browser to its latest version.

More info