South African trusts and payouts

[Nicola3819]

Hi 

we are still struggling. As per SA trust law we need a neutral trustee . Everyone uses their accountant normally.

airBnB now wants the trust need of my Accountanting firm as well as their partners showing their percentage splits.

Is their anyone from AirBnB that understands SOUTH AFRICAN TRUST LAW.

who can I phone locally? I keep getting people from Ireland 

warm regards 

Dave

[Daniel14022]

Hi I am going through the same issue now. I am unwilling to list trustees as 'beneficial owners' as they are neither owners and are not allowed to benefit from the trust. Air BnB does not understand this. It is like talking to a wall. They are actively pushing me towards being fraudulent in order to complete their form which only allows for max 4 people to be involved ( we have 3 trustees and 3 beneficiaries) , no room for explanation or notes and no room for discussion. Air BnB is forcing us to describe ourselves in a way that is not true, it is not a know your customer policy but we want our customer to describe themselves the way we want even if it is fraudulent. UK KYC policy uses the phrase Persons of Significant Control (PSC) which is much clearer and more flexible with the same results, in our case that would be the trustees. Air BnB revise your form !!!! this is crazy..