International Trusts have been used for many centuries as a legitimate means of protecting assets, whether hard assets or cash and cash instruments. Each trust contains the following: settlor or grantor protector trustee(s) beneficiary(s) the terms Settlor and Grantor are used interchangeably. This person is the one who settles certain as assets

Key Features

St. Vincent International Trust

Corporate Details

General

  • Type of entity

International Trust

  • Type of law

Follow English law/As per Trust Deed

  • Legal Framework

St. Vincent Trusts Act

  • 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 St. Vincent

  • Qualifications

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

Beneficiary

  • Requirements

Should not be a resident of St. Vincent

  • Qualifications

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

  • Property

Should not include immovable property situated in St. Vincent

  • Jurisdiction

St. Vincent Supreme Court

  • Forced heirship applicable

No

Trust asset

  • Restriction on type/amount

No, except property situated St. Vincent

 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