International trust business is governed by the International Banking and Trust Companies Act, Montserrat international trust companies must meet the minimum capital requirement of USD 250,000. A Montserrat offshore trust company to which a general trust company licence was issued, A Montserrat offshore company cannot hold a licence for general trust. A Montserrat offshore trust company to which a restricted trust company licence was issued. A restricted offshore trust company can only carry out trust business with the people and classes of people that it requests from the commission, providing that these people or classes of people are contrary to the list of people and classes of people approved by the commission.

Montserrat Offshore Trust Key Features

  • International trust business is governed by the International Banking and Trust Companies Act
  • Montserrat international trust companies must meet the minimum capital requirement of USD 250,000
  • A Montserrat offshore trust company to which a general trust company licence was issued
  • A Montserrat offshore company cannot hold a licence for general trust
  • A Montserrat offshore trust company to which a restricted trust company licence was issued
  • A restricted offshore trust company can only carry out trust business with the people and classes of people that it requests from the commission, providing that these people or classes of people are contrary to the list of people and classes of people approved by the commission.

Montserrat Offshore Trust Legal Requirements

Montserrat Offshore Trust

Corporate Details

  • Type of Entity

Trust

  • Registered Office in Montserrat

Yes

Share capital or equivalent

  • Standard currency

USD

  • Permitted currencies

Any

  • Minimum paid up

USD 250,000

Trustee

  • Minimum number

One

  • Corporate directorship allowed

Yes

Protector

  • Minimum number
  • Corporate shareholder allowed

NA

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

Montserrat Offshore Trust Tax Treatment

Montserrat Offshore Trusts are exempted from specified taxes in Montserrat

Montserrat Offshore Trust Duration for Set Up

Around 2 Weeks

Montserrat Offshore Trust Distinctive Benefits

  • No foreign exchange controls
  • No corporate tax
  • No capital gains tax
  • No withholding tax

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers