Bahamas Non Resident Trust
Bahamas Non-Resident Trust
Bahamian trust law is based on English common law, and the Bahamian Trustee Act 1893. In the last 15 or so years, the Bahamas have extended and adapted their trust laws, most recently with a new Trustee Act 1998, to accommodate a wider market, which is not necessarily interested so much just in tax avoidance, but also in the efficient management of wealth in a more general sense. The Trust (Choice of Governing Law) Act 1989 gives protection to Bahamian trusts and their settlers in civil law countries against forced inheritance claims. The Act makes Bahamian law the proper law of a trust if the deed so declares, and makes the trust immune to foreign judgements.
Key Features
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Bahamas Non-Resident Trust |
Corporate Details |
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General |
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Non-Resident Trust |
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Follow English law/As per Trust Deed |
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2 weeks |
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None |
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2 years from date of establishment of trust |
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100 years (except charitable international trust or a purpose international trust) |
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No |
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None |
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As per Trust Deed |
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Must be a non-resident of Bahamas |
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Must be a non-resident of Bahamas |
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Should not include immovable property situated in the Bahamas |
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Bahamas Supreme Court |
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No |
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Trust asset |
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No, except property situated in the Bahamas |
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Protected from Creditors |
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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 Bahamas resident |
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Accounts |
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No |
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No |