Cayman
Islands Trusts
For more than 25 years, Cayman National Trust Co. Ltd. has assisted
our clients with trust services. Cayman Islands Trusts may be established
without restrictions by anyone from around the world with assets or
investments anywhere in the world. There are no exchange control regulations
and no restrictions on the movement of funds in the Cayman Islands.
The Islands also have in place additional legislation to make it an
attractive home for Trusts. In addition to establishing Trusts, Cayman
National Trust Co. Ltd. can act as Trustee and will offer advice as
to how the trust should be administered.
Manx Trusts
The legal system in the Isle of Man is based on the
principals of English common law. Isle of Man trust law also has
its origins in the English trust law as derived from the rules of
equity. The Isle of Man is therefore an ideal jurisdiction to locate
a trust. Trusts are used to transfer legal ownership of assets from
the settlor, who forms the trust, to the trustees who administer
the trust for the benefit of the beneficiaries. No local tax liabilities
are applicable when both the settlor and beneficiary are non-resident
and when the income arises from outside the Island. Trusts can also
be used for the transfer of ownership on death and confidentiality
is protected since there is no public register of trusts and no
public filing requirements.
Commercial uses of Trusts
- Mutual Funds
- Pension Funds
- Holding "Family" Companies (i.e. wealth preservation)
Private uses of Trusts
- Tax Planning (i.e. the avoidance of death duties)
- Wealth Preservation
- Protection of Weaker (i.e. minor), family members
- Privacy for Investing
- Charitable Donations
- Sound Professional Management of Family Wealth
- Asset Protection (i.e. creditor protection) in certain circumstances
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