Marshall Islands Trust
Marshall Islands Offshore Trust Key Features
- 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 |
Corporate Details |
General |
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Offshore Trust |
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Follow English law |
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Yes |
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Yes |
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100 Years |
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Minimum of 2 |
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No |
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None |
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As per Trust Deed |
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Must be non-resident of Marshall Islands |
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No property situated in Marshall Islands can be part of the Trust asset |
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No |
Trust asset |
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No, except property situated in Marshall Islands |
Trustee |
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1 if corporate and 2 or more if not corporate |
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Minimum one Marshall Islands resident |
Accounts |
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No |
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No |
- 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
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers