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Belize Trust Formation

Belize TRUST
Type of Trust - Offshore trust
Proper law of the trust: Belize Trust Amendment Act 2007 and 2013
Duration of the trust (unlimited if possible) 120 years from the date of its incorporation
Practical uses of the trust: - Preserve assets in times of economic, political or economic uncertainty. -Holding and buying of stocks and bonds -minimize taxes -Centralization of assets dispersed worldwide under one expedient management structure for reasons of convenience, cost, and tax efficiency.
Name and language: Any Name; English
Creation of the trust: 1 to 2 weeks
Minimum Government fees: US$100
Minimum issued share capital : None
Minimum paid up share capital on incorporation: Yes
Record in Public register: No
Special requirement about the trustee (local resident requirement): No local resident requirement(but the trustee should be licensed to act as Trustee for multiple trusts)
Trustee As a resident of the European Economic area is required (Y/N) Both
Settlor may be sole beneficiary: No
Double taxation treaty access: No
Taxation: None
Creditors of the Settlor: (maximum claim period) -
Heirs of the settlor: (maximum claim period) 21 years
Disclosure of beneficial owner to Company Registrar: No
Annual bookkeeping: Yes
Submission of accounts: No
Statutory auditors: Yes
Local representative requirement: Must have a local registered agent
Any other special requirement: No

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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