Valsen Corporate

Saint Kitts and Nevis International Exempt Trust

  • The Nevis International Exempt Trust Ordinance provides for the creation of various types of international trusts including Charitable Trust, Non-Charitable Trust, Spendthrift or Protective Trust and Qualified Foreign Trust. The assets and income of an international trust are exempt from all exchange controls and all forms of taxation and stamp duty in Nevis. To qualify as an international trust under the Nevis International Exempt Trust Ordinance, the following criteria must be met: there must be at least one trustee, which can be a corporation incorporated under the Nevis Business Corporation Ordinance; the Settlor and Beneficiaries must at all times be non-residents of Nevis; and the trust property must not include any land situated in St Kitts and Nevis.

    Key Features

    Nevis International Trust

    Corporate Details

    General
    • Type of entity

    International Exempt Trust
    • Type of law

    Nevis International Exempt Trust Ordinance
    • Our time to establish a Trust

    2 weeks
    • Taxation of trust assets

    None
    • Double Taxation Treaty access

    No
    • Change of Domicile permitted

    Yes
    • Duration

    Unlimited duration
    • Restriction on Investment of Trust asset

    No
    • Succession

    As per Trust Deed

    Settlor
    • Requirements

    Should not be a resident of Nevis
    • Qualifications

    A trustee, a beneficiary or a protector of the trust.

    Beneficiary

    • Requirements

    Should not be a resident of Nevis
    • Qualifications

    A trustee, a beneficiary or a protector of the trust.
    • Property

    Should not include immovable property situated in Nevis
    • Jurisdiction

    Nevis Supreme Court
    • Forced heirship applicable

    No

    Trust asset
    • Restriction on type/amount

    No, except property situated Nevis

     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