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+1 (888) 647 05 40Owning a trust firm in the Bahamas allows an entrepreneur to operate a business operating in an environment with advanced regulatory standards, which encourages potential financial service providers to establish operations in this jurisdiction. Currently, there are more than 800 regulated investment funds and trusts operating in the Bahamas, the number of which is constantly increasing. Each such organization must obtain trust license Bahamas. Below we will look at the main nuances of this procedure and the privileges that the islands can offer investors.
Our team is made up of professional lawyers with a wealth of specialized knowledge and many years of experience in the field of Bahamas trust services and around the world. We are aimed at achieving the most effective results for our clients and guarantee success in each individual case. We also have an extensive list of ready-made trusts for sale.
A trust established and licensed in the Bahamas is a versatile tool for managing assets. In addition, trusts can protect assets from bankruptcy, government foreclosures, misrepresentation of inheritance rights, liabilities, and most types of financial claims. The islands are also attractive to foreign investors because the jurisdiction has no taxes on profits, capital increases or property ownership. Bahamas trust law permits the establishment and licensing of this structure, even if all the assets would potentially be located in different countries, as well as the settlors and beneficiaries.
Under the Perpetual Options Repeal Act 2011, trusts created after 2011 can survive indefinitely. This law applies to trusts created for the purpose of protecting assets and those that have a special purpose. However, it is worth remembering that licensed trust companies are subject to strict privacy laws and confidentiality of any asset owner data, and unauthorized disclosure of trust information is a criminal offense that can result in license revocation, significant fines or imprisonment.
So, how to get trust license in Bahamas? This procedure is quite simple and straightforward.
There are several types of trusts in the Bahamas, but all categories require a common set of documents. To comply with the trust license requirements Bahamas, the investor must prepare the following.
The SEC may, in its discretion, request such other documents as it deems necessary to license the trust structure. Trust license fees Bahamas to be paid when passing official approval range from 1-1.5 thousand euros.
Our lawyers will accompany you at every stage of this journey and provide comprehensive advisory and practical assistance. Our professionalism is a guarantee of successfully obtaining any commercial permit. We are also ready to offer many options for ready-made trusts licensed in Hong Kong, Malta, Vanuatu, Cyprus and other countries.
A trust is an independent legal entity, has limited liability and an unlimited duration. The Bahamas was the first jurisdiction to define and regulate trusts as legal entities. It is an excellent tool for tax planning, asset protection and distribution, and charitable giving. Establishing a trust business in the Bahamas will provide the foreign investor with the following benefits and benefits.
Our team provides professional trust services Bahamas fully covering all aspects. We offer comprehensive consultations and full support with individual consideration of each case. Trust license cost Bahamas varies and is always calculated for each client before cooperation begins. We also offer assistance in opening a trust in Luxembourg, Germany, Sweden, the UK and other countries. Contact us right now.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.