Arrange with us to have your offshore trust settled in Nevis. CCP Inc. provides advice and support you can count on. Nevis offshore trust advantages are three-tier, relating to tax-sheltered benefits, asset protection and estate planning. For more details on how to devise a Nevis offshore trust based on your unique circumstances, don’t hesitate – call us.
Offshore trusts in Nevis are regulated by the Nevis International Exempt Trust Ordinance, 2009. These trusts are tax-exempt and can be settled by any non-resident person who according to the law of Nevis is capable of owning and transferring property.
Anyone establishing an offshore trust in Nevis can do so for:
To create trusts, settlors may either send us their prepared Letter or Memoranda of Wishes or have one prepared by us according to their terms.
For guidelines on Letters of Wishes (also known as Deeds), please Contact Us.
Who is a Beneficiary? :
‘Beneficiary’ refers to any non-resident person who is entitled to benefit under a Nevis trust or in whose favor a power to distribute property may be exercised, as instructed by the trust’s deed.
What is a Purpose Trust? :
Nevis purpose trusts are those settled with charitable or non-charitable objectives (advancement of religion, the environment, human rights, community programs, alleviation of poverty).
At least one trustee is mandatory.
One of the trustees must either be a corporation formed under the Nevis Business Corporation Ordinance (ie, Nevis IBC) or a trust company conducting business in Nevis.
Corporate Trustees: Whenever appointed:
Generally, the protector of a Nevis offshore trust has the power to:
Protectors are mandatory whenever the trust has a non-charitable purpose; and optional in the case trusts settled for the benefit of someone.
Land, houses, buildings, money, shares, stocks, etc. can constitute trust property but must not be situated in the Federation of St. Kitts and Nevis.
Certificates of registration are valid for one year and require continuing registration yearly.
Nevis offshore trusts that have been settled for the benefit of a person can exist for a maximum of 120 years.
Privacy and confidentiality are protected by The Confidential Relationships Act.
You can count on us at CCP Inc. for the best registered address and agent services.
For details on formation requirements and formalities, further guidelines and to learn how to structure a Nevis offshore trust to suit your unique circumstances and protect assets, please Contact Us .