Trusts & foundations: News
Guide to British Virgin Islands trusts published 26/11/2004
The Trident Trust Group has published a guide to settling trusts in the British Virgin Islands.
The Trident Trust Group has published a guide to settling trusts in the British Virgin Islands, for both private individuals and their advisers. The British Virgin Islands, more commonly referred to at the BVI in professional circles, as long been recognised as one of the leading domiciles for offshore companies, but also plays home to numerous trust professionals, and has a government committed to a modern trusts regime.
The BVI is still a British Overseas Territory, and enjoys the political stability that status brings with it.
For many owners of BVI International Business Companies (commonly called IBCs), the BVI now provides a modern trust law for the establishment of trusts through which shares in a BVI IBC may be held. In addition, a BVI trust can also be used to hold a variety of assets based outside the island.
The Trident Guide to British Virgin Islands Trusts offers a comprehensive overview of the BVI's trusts legislation. This includes a description of the BVI, its history, constitution, and laws. There is also a synopsis of the BVI Trust Law, and the full text of the 1961 BVI Trust Ordinance (as amended).
Website: www.tridenttrust.com
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