Marshall Islands Trust may be created by will or codicil, conduct or oral declaration, the beneficiaries a Marshall Island offshore trust must be non-resident, Required to have at least one trustee who is licensed within the Marshall Islands, local trustee may be a foreign trust that registered locally, a trustee company or a Marshall Island Corporation, duration of 100 years, minimum of two (2) trustees except if only one (1) was appointed, the Trust Company must be appointed as registered agent Employer Trust, established by an employer for the benefit of employees, may involve pension funds, distribution of profits, stock bonuses or disability benefits

Marshall Islands Offshore Trust Key Features

  1. May be created by will or codicil, conduct or oral declaration
  2. The beneficiaries a Marshall Island offshore trust must be non-resident
  3. Required to have at least one trustee who is licensed within the Marshall Islands
  4. Local trustee may be a foreign trust that registered locally, a trustee company or a Marshall Island Corporation
  5. Duration of 100 years
  6. Minimum of two (2) trustees except if only one (1) was appointed
  7. The Trust Company must be appointed as registered agent Employer Trust
  8. Established by an employer for the benefit of employees
  9. May involve pension funds, distribution of profits, stock bonuses or disability benefits

Marshall Islands Offshore Trust Legal Requirements

Marshall Islands Offshore Trust

Corporate Details

General

  • Type of entity

Offshore Trust

  • Type of law

Follow English law

  • Change of Domicile permitted

Yes

  • Registered Office

Yes

  • Duration

100 Years

  • Corporate Officers

Minimum of 2

  • Restriction on Investment of Trust asset

No

  • Exchange control

None

  • Succession

As per Trust Deed

  • Settlor

Must be non-resident of Marshall Islands

  • Property

No property situated in Marshall Islands can be part of the Trust asset

  • Forced heirship applicable

No

Trust asset

  • Restriction on type/amount

No, except property situated in Marshall Islands

 Trustee   

  • Minimum number

1 if corporate and 2 or more if not corporate

  • Qualification

Minimum one Marshall Islands resident

Accounts

  • Requirement to file

No

  • Publicly accessible

No

Marshall Islands Offshore Trust Tax Treatment

Marshall IslandsOffshore Trust is not subject to tax on foreign sourced income.

Marshall Islands Offshore Trust Duration to Set- up

1 -3 Weeks

Marshall Islands Offshore Trust Distinctive Benefits

  • Duration of 100 years which can be renewed
  • Marshall Islands Offshore Trust is not subject to tax on foreign sourced income.
  • There is no forced heirship in Marshall Islands

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