Registration of trusts in St. Kitts and Nevis

Opening an international trust is exempt from tax (International exempt trust), in federation is governed by the law of 1994 on International Trusts. Legislation of Islands Saint Kitts and Nevis provides a number of forms of trusts that are allowed to establish in the federation:

A significant feature of trusts, open in this offshore area, is that the assets and property of the trust, as well as its profits, are not subject to exchange control, assessed taxes and the imposition of customs duties. International Trusts Act opens up significant opportunities to founders:

• Charitable Trust;
• Non-Charitable Trust;
• Spendthrift (Protective) Trust;
• Foreign Trust.
• in the islands really works the rule of perpetuity possession. So, from the moment when the trust was established, it exists freely up to 100 years;
• opened in the islands trust under local law can not be considered invalid, in the case of the opening in the founders state the heritage procedure – there is no affect on the activities of the trust;
• Saint Kitts and Nevis lawsuits are not enforceable if they were served by non-residents. All civil lawsuits filed against the trust assets will be treated exclusively by the Supreme Court of St. Kitts and Nevis;
• Islands law provides maximum protection of the rights of private property and in trust;
• the legislature in the Federation of St. Kitts and Nevis guarantees absolute confidentiality of all of the trust. Lawsuits imposed confidential and can not be disclosed without a court order, trust documentation under no circumstances does not become available to the public, and in the register of trusts filled only the name and the date of foundation the trust.

For the opened trust to fall within the definition of an international trust, the law provides a set of rules that you should consider:

• presence of the trustee;
• beneficiaries of the trust and its founders can be exceptionally nonresidents federations;
• in the property of the trust can not be a land of St. Kitts and Nevis.

Trust opened on St. Kitts and Nevis, is extremely advantageous instrument of protection the assets. However, the procedure of registration here has its own characteristics and limitations are often not familiar to most lawyers and accountants.

Our company strongly related with the establishment and maintenance activities of trusts, opened on St. Kitts and Nevis, so we have extensive knowledge in this field and significant practical experience. All this allows us to provide full support to our clients, videlicet, to advise and assist in the establishment of trusts in the possibly shortest time and with minimal effort. Due to the work of our company clients save significant funds, own time and effort. Refer to the professionals in the field of opening trusts and be calm!