Gibraltar International Trust
Gibraltar International Trust
Trust management, particularly for wealthy UK individuals, has been a traditional business for Gibraltar. Successive tightening of UK anti-avoidance legislation has reduced the possibilities for UK citizens, but trust work continues to be significant; many Collective Investment Funds are of course based on Trusts.
The basic law of trusts is contained in the Gibraltar Trustee Ordinance, which is virtually a copy of English trust legislation. Gibraltarian legislation affecting trusts also includes the Perpetuities and Accumulations Ordinance, the Trustee Investments Ordinance, the Bankruptcy Ordinance and the Trusts (Recognition) Ordinance, and the Financial Services (Conduct of Fiduciary Services Business) Regulations 2006.
Key Features
|
Gibraltar International Trust |
Corporate Details |
|
General |
|
|
International Trust |
|
English Trustee Act 1925s |
|
The Gibraltar Trustee Act 1975 |
|
2 weeks |
|
None |
|
No |
|
Yes |
|
100 years |
|
No |
|
As per Trust Deed |
|
Settlor |
|
|
Should not be a resident of Gibraltar |
|
A trustee, a beneficiary or a protector of the trust. |
|
Beneficiary |
|
|
Should not be a resident of Gibraltar |
|
A trustee, a beneficiary or a protector of the trust. |
|
Should not include immovable property situated in Gibraltar |
|
No |
|
Trust asset |
|
|
No, except property situated Gibraltar |
|
Trustee |
|
|
1 if corporate and 2 or more if not corporate |
|
No domestic trustee is required |
|
Accounts |
|
|
Yes |
|
No |