Making the Most of a Trust
There are a number of key steps to enhance and leverage the benefits and protections of your international trust. These include:
Selecting a Proven Jurisdiction
First Fidelity Trust, Ltd. is the largest trust company domiciled in Nevis, West Indies. The progressive trust laws of Nevis provide formidable obstacles to potential creditors, making it the most favorable independent jurisdiction in the world for an asset protection trust.
First Fidelity Trust, Ltd.'s comprehensive understanding of the global financial environment and the attractive international trust regulations of Nevis offer FFT the ability to provide clients with virtually impenetrable asset protection.
Creating an International Business Company (IBC) or a
Limited Liability Company (LLC)
To further insulate the trust, enhance privacy, and create certain tax advantages, a trust usually conducts all affairs through an International Business Company (IBC) or a Limited Liability Company (LLC). First Fidelity Trust, Ltd. can assist in the creation and management of your IBC or LLC. Our staff is committed to providing confidential and professional service for its clients and stands ready to provide company management, administration, investment and trust services.
The Nevis Business Corporation Ordinance of 1984, as amended in 1995, placed Nevis at the top of the list among favorable jurisdictions for your IBC or LLC. Similar to the corporate laws of Delaware in the U.S., the Nevis Business Corporation Ordinance permits shareholders, directors, and officers of any nationality to reside anywhere in the world and allows shares to be issued in nominative form. The process is so legally unproblematic that FFT can often form an LLC or IBC in a single business day.
The advantages of incorporating in Nevis are numerous:
- Nevis does not levy taxes on assets, income, dividends or other distributions derived outside the country; however, clients may be responsible for taxes in their home jurisdictions.
- There are no gift, estate, dividend, distribution, or inheritance taxes.
- Corporate documents are not a matter of public record. There are no filing requirements for corporate financial returns, annual reports, and no notification requirements for changes in shareholders, directors or officers.
- The corporation’s principal office, company records, and meetings may be held or maintained outside of Nevis.
- A business license is not required.
- A plaintiff bringing civil suit must post a U.S. $25,000 bond prior to filing a lawsuit.
- The statute of limitations for civil suits is one year.
For all these reasons and more, a Nevis IBC or LLC held inside a Nevis Trust is one of the most formidable structures for the preservation and protection of your wealth available in the world today.
