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
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Nevis International Trust |
Corporate Details |
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General |
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International Exempt Trust |
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Nevis International Exempt Trust Ordinance |
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2 weeks |
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None |
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No |
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Yes |
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Unlimited duration |
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No |
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As per Trust Deed |
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Settlor |
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Should not be a resident of Nevis |
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A trustee, a beneficiary or a protector of the trust. |
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Beneficiary |
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Should not be a resident of Nevis |
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A trustee, a beneficiary or a protector of the trust. |
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Should not include immovable property situated in Nevis |
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Nevis Supreme Court |
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No |
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Trust asset |
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No, except property situated Nevis |
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Trustee |
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1 if corporate and 2 or more if not corporate |
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No domestic trustee is required |
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Accounts |
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Yes |
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No |