Trusts in brief. Advantages of trusts for offshore asset protection. Best jurisdictions to protect your assets by establishing offshore trusts: Cook Islands Asset Protection Trust and Nevis Offshore Trust. Useful tips for investors to successfully avoid any potential offshore trust pitfalls: asset types protected by trusts, offshore trusts and bankruptcy issues, contempt and intent, trustees, offshore trust bank accounts, and offshore trust taxation in the US.
Our experts have prepared 7 scenarios when using Nevis offshore trust will give you the maximum benefit. All details are in the article.
Are you thinking of the most reliable way to protect your assets? There is no better option than a Nevis trust, which is the No. 1 choice for all asset protection lawyers. Nevis has a special legal framework that makes it almost impossible for any person from outside Nevis to get to your assets. In most cases, your creditors will pay more than they can potentially get, and this will surely dissuade them. A Nevis trust is also used as an inheritance management structure, and it helps to considerably save on taxes. Reads the article to find out more – and contact our experts for help!
If you have assets, it is natural to think of their protection and look for ways to do it in the simplest yet reliable way. One of the instruments that allows protecting your assets in the most convenient way is a trust in Nevis. This is a structure that has its peculiarities and mandatory “players”, which is explained in our post. Nevis has a peculiar legal system that guarantees almost 100% protection from creditors or relatives who wish to seize your property. Read the article to find out how you will manage your assets and see our expert tips.
Nevis is a jurisdiction with wide opportunities for businesses, and trust registration in Nevis is probably one of the best decisions you can make. Your confidentiality will be preserved on the highest level possible. Creditors are highly unlikely to get to your assets due to peculiarities of the court system in Nevis. And you don’t pay any taxes as long as you remain a non-resident of Nevis. Read on to find even more beneficial features of the Nevis trust!
Nevis is an offshore jurisdiction that is very popular with businesses due to its favorable taxation and legislation. If you are looking for a solution that combines simplicity and affordability, tax-exempt trust in Nevis may be the right choice. You will have to pass a due diligence procedure to comply with international requirements thanks to which the jurisdiction is not blacklisted. Read the article to find out what documents you will need, and how long it takes to set up a Nevis trust.
If you are thinking of an alternative method to make your will because you need more confidentiality, a revocable offshore trust in Nevis may be just what you need. Read the article to discover its advantages (and one disadvantage that we would not hide), requirements and assets that you can bequeath. You will also find out what documents you need, how much it will cost and how to undergo this procedure seamlessly with the help of our experts.
Asset protection is a feasible task after you start an offshore Trust and LLC in Nevis. Discover all you need to know about the topic in our article.
Offshore asset protection trusts double as excellent estate planning tools. They are typically tax neutral. When creating structures for our consulting clients here at International Wealth we often use a combo of both the Nevis offshore trust and Nevis LLC as its subsidiary or underlying company. This Nevis asset protection combo structure checks lots of […]
Here you can learn how to open a bank account or register a foreign company in Saint Kitts and Nevis. Besides, you can find out about other offshore products and services available in this jurisdiction.
Federation of St. Kitts and Nevis: history, modern times, and the information you might need. Is Nevis indeed a tax haven? Current tax structure in Nevis. Property tax in St. Kitts and Nevis. Trust tax in the islands of St. Kitts and Nevis. Why choose St. Kitts and Nevis as your tax haven: benefits to enjoy.
Set up an LLC in Nevis: the jurisdiction of choice for your offshore company. LLCs in Nevis and their advantages: data safety, secure asset protection, second-to-none control over the company, and business customization. Personal data confidentiality. Nevis LLC to protect your assets. Other perks Nevis LLCs can offer.
When going to register an offshore company in Nevis, you can choose between setting up a Nevis IBC or a Nevis LLC. A Nevis trust or a Nevis foundation in Nevis is also a popular option. The Whys and Hows of Nevis IBC and Nevis LLC formation. Book a session with our experts, rely on prof. services.
Nevis is a reputable offshore jurisdiction highly popular with entrepreneurs from different parts of the world. An LLC registered in Nevis will serve as a secure instrument of asset protection. While it might be challenging to open a corporate bank account for an offshore company in Europe, setting one up in the Cook Islands is absolutely possible. An LLC in Nevis with a bank account in the Cook Islands is going to be a highly functional business instrument.
Discover Nevis and St. Kitts. Setting up your offshore business: legislative framework in Nevis. Types of ventures in Nevis. Documents required to open an offshore bank account in Belize and register a company in Nevis. Perks of Nevisian offshore companies. Offshore corporate banking in Belize. Fees and services for offshore companies. Bank fees for corporate clients in 2023. Step-by-step guide for registering your offshore company in Nevis and setting up a corporate account with a Belize bank.
If you put your house in trust to hand it down to your children, they will not have to pay any inheritance tax when they become the rightful owners of the house after your death. If you create an irrevocable trust, it will also efficiently protect your property from creditors. No one will be able to take the house away from your children even if you leave debts behind when you die.
When an irrevocable trust is created, the Settlor surrenders the property ownership rights to the Trustee who becomes the legal owner and manager of the property. Can the Settlor regain control over the assets put in trust? He/ she can, but the task is rather complicated.
Are you going to set up a trust to keep your assets safe for yourself or for your progeny? Or maybe you are looking for a stronghold that will ensure the protection of your funds from creditors or relatives? You may also be a trust owner – and in this case, you have to keep your finger on the pulse of the trust laws. This article is for all of you who need updated information on the functioning of trusts and the degree of confidentiality which is currently possible. Our experts will tell you about the two important European directives and changes that have taken place in the European legal framework.
If you create a trust in an offshore jurisdiction such as Nevis, for example, it is going to be tax-exempt if certain conditions are met. Namely, the trust Settlor as well as the trust Beneficiaries have to be tax residents of some other country. Similar opportunities exist in Cyprus. Setting up a trust in other European countries is also possible but not so attractive because taxes are usually due there.
When you create a trust, you can appoint a physical person or a legal entity the trustee. Hiring a corporate trustee is preferable in many cases. A company will have trust management experience and all the necessary specialists on the staff. Besides, the company can be domiciled in a low-tax jurisdiction, which can help you save on taxed.
British trusts have to pay taxes on their incomes. New tax regulations have come into effect in 2023 and they mostly affect trusts created by British citizens and legal residents in foreign countries, the so-called non-resident trusts.
What types of trusts exist? Is an offshore trust better than a domestic trust? What expenses can be paid from a trust? Is trust income considered earned income? What taxes do trusts have to pay? Can a beneficiary withdraw money from a trust? How does money come out of a trust? Does money in a trust count as an asset? These and other trust-related questions are discussed in the article.
If you put capital and/ or securities in trust, the trust needs a bank account to keep them. The procedure of setting up a bank account for a trust is not overly complicated. Various types of bank accounts are available to trusts (savings, broker’s, investment accounts and so on). If a legal entity acts as the Trustee, there is no need to open a new bank account because the company will already have a corporate account with a bank.
When a trust is created, the Trustor transfers his/ her property rights to the Trustee who manages the assets kept in trust for the benefit of the trust Beneficiaries. If the trust is revocable, the Trustor remains the owner of the assets kept in trust. When the trust is irrevocable, the Trustee is considered the legal owner of the assets.
