The Nevis International Exempt Trust Ordinance provides for the creation of various types of international trusts including Charitable Trust, Non-Charitable Trust, Spendthrift or Protective Trust and Qualified Foreign Trust. The assets and income of an international trust are exempt from all exchange controls and all forms of taxation and stamp duty in Nevis. To qualify as an international trust under the Nevis International Exempt Trust Ordinance, the following criteria must be met: there must be at least one trustee, which can be a corporation incorporated under the Nevis Business Corporation Ordinance; the Settlor and Beneficiaries must at all times be non-residents of Nevis; and the trust property must not include any land situated in St Kitts and Nevis.

Key Features

Nevis International Trust

Corporate Details

General

  • Type of entity

International Exempt Trust

  • Type of law

Nevis International Exempt Trust Ordinance

  • Our time to establish a Trust

2 weeks

  • Taxation of trust assets

None

  • Double Taxation Treaty access

No

  • Change of Domicile permitted

Yes

  • Duration

Unlimited duration

  • Restriction on Investment of Trust asset

No

  • Succession

As per Trust Deed

Settlor

  • Requirements

Should not be a resident of Nevis

  • Qualifications

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

Beneficiary

  • Requirements

Should not be a resident of Nevis

  • Qualifications

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

  • Property

Should not include immovable property situated in Nevis

  • Jurisdiction

Nevis Supreme Court

  • Forced heirship applicable

No

Trust asset

  • Restriction on type/amount

No, except property situated Nevis

 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