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With Hamid-Reza Khoyi discovering trust services

4 November 2021
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Tempo di lettura: 3 minuti

HAMID-REZA KHOYI TRUST SERVICES - For individuals or companies it is increasingly important to have financial, banking and insurance services capable of safeguarding and protecting their assets. Not only is it also important to make it easier to set up a new company, that’s why there are Trust Services that explains Hamid-Reza Khoyi.

Hamid-Reza Khoyi introduces trust services

The trust is a legal instrument that, in the interest of one or more beneficiaries or for a specific purpose, allows to structure in various ways "legal positions" based on trust ties. Trust services are a series of services used to apply or implement the trust. It includes the domiciliation of companies, requests to reside in a company board, the safeguarding of the company assets. It is mostly about services rendered to a corporate client, but they can also be applied at a family level.

The protagonists of trust services are two entities: the settlor, the one who requests the service of the trust; the trustee, the person who, like Hamid-Reza Khoyi, is in charge of operating trust services. Often today the services of trusts not only monetary, but also real estate, such as buildings, financial files or participations of company shares. In any case, when they are transferred to the trustee they do not become its property, but are only safeguarded and managed by it.

At present, more and more people rely on trust services to protect their personal assets and make them separate from corporate or corporate assets. Entrusting them to a trustee in fact, the assets become impregnable, and are defended against any consequences related to a risky professional activity by the settlor or inappropriate personal behavior. The same applies also in case you pass to the trustee and assets related to the company.

The professionals of the sector

The trust services available today are mostly: domicile, shielding, privacy protection and the creation of real financial trusts to solve, for example, succession problems. To manage this type of operation it is very important to rely on a professional, and that this is recognized as such. In fact, an expert can guarantee the protection of privacy and give an advantage to the initiation of certain activities, such as the foundation of a start-up. The trustee is not a nemesis of the settlor, who thinks only to get hold of his assets,  but a legal figure whose purpose is to safeguard the interests of his client.

As part of the Digital Trust Services - of which Hamid-Reza Khoyi speaks in the next paragraph - the professional reference figures, called Trust Services Providers, are recognized at the level of the European Union and Switzerland. It is a person or legal entity that provides and preserves digital certificates to create and validate electronic signatures and to authenticate their signatories. To be recognized as such, their names must appear on an official list.

Introduction of Hamid-Reza Khoyi to Digital Trust Services

As Hamid-Reza Khoyi has already anticipated, there is a particular class of trust services. These are the Digital Trust Services that according to the definition given by Article 3.16 of the Regulation eidas are:

  • electronic services, generally provided in exchange for remuneration, for the creation, verification and validation of electronic signatures, electronic seals or time stamps;
  • services for the exchange of messages similar to our certified e-mail;
  • certificates relating to such services
  • the creation, verification and validation of certificates for the authentication of websites;
  • the retention of electronic signatures, seals or certificates relating to such services.

Having this kind of service is fundamental for today’s society given the direction and strength with which the Digital Transition is being imposed. More and more operations of any kind are carried out exclusively online and remotely. Not only does it increase the demand of customers for digital services that can facilitate many activities. However, it is important to make these exchanges transparent and safe, so more and more digital trust services providers are recognized and certified. Their presence in transactions gives more weight to the digital trust services carried out and makes them even more legally unassailable, compared to those not mediated.

Want to know another financial instrument? Discover KYC

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