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New hampshire trust Formation

NEW HAMPSHIRE
Type of Trust - Non-depository trust company
- Family trust company
Proper Law of the trust: The New Hampshire Trust Company Act
Duration of the trust (unlimited if possible) No fixed duration, can continue for an indefinite amount of time
Practical uses of the trust: providing trust, investment, and related services to the family, their trusts, and their businesses
Name and language: Any Name; English
Creation of the trust: 4 to 6 months
Minimum Government fees: None
Minimum issued share capital : $500,000
Minimum paid up share capital on incorporation: $250,000
Record in Public register: No
Special requirement about the trustee (local resident requirement): None
Trustee As a legal or natural person: Both
Settlor may be sole beneficiary: Yes
Double taxation treaty access: -
Taxation: None
Creditors of the Settlor:(maximum claim period) 4 years (as to settlor’s transfer of assets to an irrevocable trust ) 1 year (upon death of settlor)
Heirs of the settlor:(maximum claim period) 4 years
Disclosure of beneficial owner to Company Registrar: Yes
Annual bookkeeping: Yes
Submission of accounts: Yes
Statutory auditors: Yes
Local representative requirement: None
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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