Is it easy to dissolve an offshore fund structure?
– Most offshore structures can be revoked or dissolved very easily. Either the corporate documents or the offshore jurisdiction’s corporate or trust laws should specify the dissolution procedure. Dissolving a trust usually costs no more than a small filing fee or a few hours of a lawyer’s time. If it would be costly to dissolve a given structure, you can simply remove all the assets from the structure, so it has zero value. You can then leave the empty structure to be stricken from the jurisdiction’s register – a cost-effective way to eliminate it. Obviously it would be wise to check dissolution procedures before entering into any offshore engagements.
