The Trusts Ordinance, which has its roots in English trust law, provides a framework so flexible that the only limitation to its use is the imagination of the trust practitioner. Specifically, the Ordinance allows commercial or charitable purpose trusts, unit trusts, spendthrift trusts, asset protection trusts and what are termed variant trusts. The provision for variant trusts allows a settlor to create a trust (in whatever form and by whatever name) of a type recognized by the law or rules of his religion or nationality or which is customarily used by his community.
Key features
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Anguilla Trust |
Corporate Details |
|
General |
|
|
Trust |
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Follow English Trust law |
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1 Day |
|
Yes |
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None |
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No |
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No |
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No |
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No |
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None |
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As per Trust Deed |
|
Settlor |
|
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Must be non-resident of Anguilla |
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No |
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No property situated in Anguilla can be part of the Trust asset |
|
Anguilla Supreme Court |
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No |
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Trust asset |
|
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No, except property situated in Anguilla |
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Trustee |
|
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1 if corporate and 2 or more if not corporate |
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Minimum one Anguillan resident |
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Accounts |
|
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No |
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No |