Valsen Corporate

Marshall Islands Trust

  • Marshall Islands Trust may be created by will or codicil, conduct or oral declaration, the beneficiaries a Marshall Island offshore trust must be non-resident, Required to have at least one trustee who is licensed within the Marshall Islands, local trustee may be a foreign trust that registered locally, a trustee company or a Marshall Island Corporation, duration of 100 years, minimum of two (2) trustees except if only one (1) was appointed, the Trust Company must be appointed as registered agent Employer Trust, established by an employer for the benefit of employees, may involve pension funds, distribution of profits, stock bonuses or disability benefits
    Marshall Islands Offshore Trust Key Features
    1. May be created by will or codicil, conduct or oral declaration
    2. The beneficiaries a Marshall Island offshore trust must be non-resident
    3. Required to have at least one trustee who is licensed within the Marshall Islands
    4. Local trustee may be a foreign trust that registered locally, a trustee company or a Marshall Island Corporation
    5. Duration of 100 years
    6. Minimum of two (2) trustees except if only one (1) was appointed
    7. The Trust Company must be appointed as registered agent Employer Trust
    8. Established by an employer for the benefit of employees
    9. May involve pension funds, distribution of profits, stock bonuses or disability benefits
    Marshall Islands Offshore Trust Legal Requirements

    Marshall Islands Offshore Trust

    Corporate Details

    General
    • Type of entity

    Offshore Trust
    • Type of law

    Follow English law
    • Change of Domicile permitted

    Yes
    • Registered Office

    Yes
    • Duration

    100 Years
    • Corporate Officers

    Minimum of 2
    • Restriction on Investment of Trust asset

    No
    • Exchange control

    None
    • Succession

    As per Trust Deed
    • Settlor

    Must be non-resident of Marshall Islands
    • Property

    No property situated in Marshall Islands can be part of the Trust asset
    • Forced heirship applicable

    No

    Trust asset
    • Restriction on type/amount

    No, except property situated in Marshall Islands

     Trustee   
    • Minimum number

    1 if corporate and 2 or more if not corporate
    • Qualification

    Minimum one Marshall Islands resident

    Accounts
    • Requirement to file

    No
    • Publicly accessible

    No
    Marshall Islands Offshore Trust Tax Treatment Marshall IslandsOffshore Trust is not subject to tax on foreign sourced income. Marshall Islands Offshore Trust Duration to Set- up 1 -3 Weeks Marshall Islands Offshore Trust Distinctive Benefits
    • Duration of 100 years which can be renewed
    • Marshall Islands Offshore Trust is not subject to tax on foreign sourced income.
    • There is no forced heirship in Marshall Islands
    The Valsen Advantage
    1. End to end comprehensive service
    2. Speedy and efficient service
    3. Expert advice on structuring options
    4. Dedicated ongoing compliance support
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