Offshore trusts

Offshore trusts Source image: / CC by 2.0

Belize offshore trust becomes valuable, easy operational, subtle and creative means of asset protection, investment, tax and estate planning providing at the same time full confidentiality.

Main principle of Offshore Trust is to assign assets to a Trustee in an offshore jurisdiction. When the Offshore Trust is set up in Belize, Beneficiaries are exempted from paying local taxes on their incomes or assets of the Trust.

The structure of a Trust is based on three basic elements:

  1. Settlor/Grantor – the creator of the Trust that can be an individual, a corporation or another legal entity. The Settlor creates a Trust by gifting or transferring title of assets which he owns into Trust with instructions that those assets should be held for the subsequent use, benefit and enjoyment of a third party (Beneficiary/s).
  2. Trustee – a person or corporate body appointed by the Settlor to manage Trust with a legal authority (for the profit of the Beneficiary/s)
  3. Beneficiary – a person who receives the benefits from money or property held in the trust.

Benefits of a Belize Offshore Trust:

  • No wealth and inheritance taxes
  • Financial stability
  • Tax reduction and minimization
  • Easy maintenance
  • Confidentiality
  • Excellent asset protection features
  • Ability to minimize or eliminate estate and inheritance taxes due to the death of a Settlor
  • Recognition in main common law jurisdictions

Major information about Belize Trusts

Under the Belize Trust Act a Belize Offshore Trust must be formed either by oral declaration or be written excluding any technical expressions or regulations. Non-charitable Trust can be created for a maximum period of 120 years and a Charitable Trust may be set up for an unlimited duration. There is a minimum requirement of one Trustee for a non-charitable trust and four – for a Charitable Trust.

The Trust Act states that a Belize Offshore Trust may but not obliged to be registered with Registry. However, an offshore Trust must be licensed by a special Commission in order to conduct international financial services.

The information about Trust is kept with the International Financial Services Commission and is strictly protected from public access unless the written permission of the Trustee is given.

Possible assets for a Belize Offshore Trust:

  • life insurance policies issued on the life of the Settlor
  • real property
  • intellectual property
  • investment portfolio
  • money
  • stocks
  • shares
  • inheritance

PRICE LIST for Belize Offshore Trust

ServiceYear 1Year 2Additional ServicesComments
Trust creation US $1000 US $600    
Trustee Fees Included Included    
Certified copy of the Trust Deed Included      
Certificate of Registration Included      
Trust Account
Annual Trust Account     from US $145 Vary on complexity, payment applies annually
Additional Services
Courier Fee     From US $50 Based on pack contain
Certification be the Registered Agent     US $15  
Certification by Notary Public     US $35  
Certification by Apostille (set)     US $85  
Certification by Ministry of Foreign Affairs     US $105  
Certification by Consulate     Varies  
Amendment to structure (single change)     US $105  
Amendment to structure (multiple change)     US $175  

Take the next step, we are here to help.

Register a Belize company.
Open a Belize bank account.



The Investigation of a Cyprus Company's Affairs: Application of the Law & Effectiveness

At the request of a Cyprus company’s Shareholder, where it is proven that a more comprehensive investigation is required regarding a company’s activities, the court can issue a declaration of investigation by an inspector appointed by the Cyprus Council of Ministers. The discretion of the court must be applied carefully; as such an order can heavily impact a company and depending on the outcome of the investigation, can be a severe measure that deviates from fundamental principles of Cyprus company law.

UK: The Current Problems with Money Laundering & the Violation of Anti-Money Laundering Regimes

UK: The Current Problems with Money Laundering & the Violation of Anti-Money Laundering Regimes

The fact that money can be transferred from one jurisdiction to another means, that money laundering as a concept involves the entire modern world. Money laundering is a process during which the origin and purpose of payments are hidden and typically has three stages.

Director’s Duties & Liability Insurance in Cyprus

Director’s Duties & Liability Insurance in Cyprus

This article will examine the role of a Director and his duties and liability insurance and D&O insurance liability accordingly with reference to the relevant case law.


Q&A: Singapore Small Company Concept for Audit Exemption

The following article will answer some commonly asked questions regarding Singapore small company auditing requirements and exemptions from ACRA.

Exemption from Audit: Singapore Small Company Criteria

Exemption from Audit: Singapore Small Company Criteria

Singapore Audit Requirements: running a company in most countries require auditing as a process to prove that everything is operating legitimately. Listed companies have a legal responsibility to go through audit in Singapore similarly.

EU: Cyprus Competitive Advantage at Risk with Tax Consolidation Reforms

EU: Cyprus Competitive Advantage at Risk with Tax Consolidation Reforms

Cyprus is likely to have repercussions as a result of Jean-Claude Juncker ’s favouring of a relaxation in EU regulation formation and monitoring schemes, reinforced by qualified majorities on matters including the additional synchronisation of blanket taxation rates across Europe.

Singapore Service Providers: How to Comply with the ACRA Reporting Requirements

Singapore Service Providers: How to Comply with the ACRA Reporting Requirements

As a result of the ACRA Amendment Act in 2014, Registered Filing Agents and Corporate Service Providers now have to conduct independent Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) reviews as part of their annual audit reviews.

Beginners Guide to Service Level Agreements: Important Information & Q&A

Beginners Guide to Service Level Agreements: Important Information & Q&A

SLAs are a critical component of any outsourcing and technology vendor contract. Beyond listing expectations of service type and quality, an SLA provides remedies when requirements aren't met.