Trust management, particularly for wealthy UK individuals, has been a traditional business for Gibraltar. Successive tightening of UK anti-avoidance legislation have 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
  • Type of entity
International Trust
  • Type of law
English Trustee Act 1925s
  • Legal Framework
The Gibraltar Trustee Act 1975
  • Our time to establish a Trust
2 weeks
  • Taxation of trust assets
None
  • Double Taxation Treaty access
No
  • Change of Domicile permitted
Yes
  • Duration
100 years
  • Restriction on Investment of Trust asset
No
  • Succession
As per Trust Deed
Settlor
  • Requirements
Should not be a resident of Gibraltar
  • Qualifications
 A trustee, a beneficiary or a protector of the trust.
Beneficiary
·         Requirements Should not be a resident of Gibraltar
·         Qualifications  A trustee, a beneficiary or a protector of the trust.
  • Property
Should not include immovable property situated in Gibraltar
  • Forced heirship applicable
No
Trust asset
  • Restriction on type/amount
No, except property situated Gibraltar
 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

Telephone:

+248 252 5217

[email protected]

vf-international.com