Belize established a modern Trust Act in 1992 generally regarded as incorporating the best features of similar laws prevailing in other major offshore jurisdictions such as Cayman, Panama and Bermuda. With the benefit of hindsight, this Trust Act represents the ultimate refinement of this type of legislation and is thus regarded as one of the most advanced instruments of its kind in the world. Benefits of a trust include: Shield from creditors and other litigants. Wealth enhancement by creating trade advantages through the avoidance of capital gains and income taxes. Preservation of wealth by ensuring that heirs are well provided and facilitating the continuity of business activities, and the avoidance of probate, estate taxes and forced heirship provisions.

Key Features

Belize International Trust

Corporate Details

General

  • Type of entity

International Trust

  • Type of law

Follow English law/As per Trust Deed

  • Legal Framework

Belize Trusts Act 2000

  • Our time to establish a Trust

2 weeks

  • Taxation of trust assets

None

  • Double Taxation Treaty access

No

  • Change of Domicile permitted

Yes

  • Duration

120 years (except: charitable international trust or a purpose international trust)

  • Restriction on Investment of Trust asset

No

  • Succession

As per Trust Deed

Settlor

  • Requirements

Should not be a resident of Belize

  • Qualifications

 A trustee, a beneficiary or a protector of the trust.

Beneficiary

  • Requirements

Should not be a resident of Belize

  • Qualifications

 A trustee, a beneficiary or a protector of the trust.

  • Property

Should not include immovable property situated in Belize

  • Jurisdiction

Belize Supreme Court

  • Forced heirship applicable

No

Trust asset

  • Restriction on type/amount

No, except property situated Belize

 Trustee   

  • Minimum number

1 if corporate and 2 or more if not corporate

  • Qualification

No domestic trustee is required

Accounts

  • Requirement to file

Yes

  • Publicly accessible

No

Advantages

  1. Strong Asset Protection
  2. Privacy/Confidentiality
  3. Flexibility
  4. Can be part of business company structure
  5. Investment and Real Estate ownership and administration
  6. Efficient Tax Planning,
  7. Charitable purposes, and
  8. Substitution of Wills and Testaments

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.