Trust and Fiduciary Services
Panama Trust
ASSET ADMINISTRATION FOLLOWING THE SETTLOR’S INSTRUCTIONS
Private contract by which the settlor transfers assets to the fiduciary (trustee) for the fiduciary to administer those assets following specific instructions.
The assets of the trust are titled to the fiduciary but do not form part of the fiduciary’s personal estate.
Panama has no estate taxes, succession taxes or hereditary rights legislation. Additionally, the assets in the trust that are derived from foreign sourced income are income tax exempt.
Panama Private Interest Foundation
ASSET ADMINISTRATION WITH INCREASED CONTROL FOR THE SETTLOR
Juridical person created for managing assets with the purpose of executing the wishes of the person or company that transfers those assets to the foundation.
Advantages
- Privacy
- Succession planning
- Ability to control assets by indirect administration as the protector of the foundation
BVI Trust
ASSET ADMINISTRATION UNDER ANGLO-SAXON LAW FOLLOWING THE SETTLOR’S INSTRUCTIONS
A trust, in contrast to a company, insures that the transfer of a party’s assets to the trust effectively eliminates legal ownership of those assets, without losing control. The fiduciary (trustee) follows the settlor’s wishes via the trust contract.
Advantages
- Tax exempt for beneficiaries that are not BVI residents
- Assure privacy as they are not subject to public registry
- Include provisions for a protector that has the power to supervise and approve the fiduciary’s actions
BVI VISTA Trust
A BVI TRUST WHERE THE OWNER OF THE ASSETS MAINTAINS MORE CONTROL
The VISTA Trust holds BVI companies’ shares and the client maintains direct control of the assets.
The trustee is the custodian of the shares and guarantees they are transferred according to the client’s mandate.
VISTA Trusts are used for succession planning, corporate structures, commercial agreements and other cases where it is necessary to maintain operational control of the companies.
New Zealand Foreign Trust
ASSET ADMINISTRATION AND PROTECTION IN NEW ZEALAND
The New Zealand Foreign Trust is a New Zealand Trust in which the settlor and beneficiaries are not New Zealand residents and the trustee is a New Zealand resident.
Advantages
- Tax exempt from all foreign-sourced income
- Politically and economically stable jurisdiction
- Minimum information disclosure requirements
Nevis Trust
ADMINISTRATION OF PROPERTY UNDER ANGLO-SAXON LAW
The Nevis International Exempt Trust Ordinance (“NIETO”) is a simple and flexible legislation for Trusts. The founder and beneficiaries of the trust are not residents of Nevis and the trust cannot hold real estate in St. Kitts and Nevis.
Advantages
- Business-friendly legislation for Trusts under NIETO
- Exempt from foreign income tax
- Estate planning and recurring payments to future generations
Belize international foundation
ASSET PROTECTION FOR ASSET ADMINISTRATION
Formed by one or more natural persons or entities under the Belize International Foundation Act 2010. The requirements are a registered agent in Belize and a foundation council with at least one of the members resident in Belize.
Advantages
- Asset contributions cease to be the property of the person that made the contribution
- Asset protection
- Tax exempt as long as the founder, beneficiaries, assets and contributions are originated outside of Belize
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