| A trust is the most flexible financial instrument for estate planning, short or long-term. Using a trust may offer individuals succession planning in respect of property and ensure that a family's business affairs are looked after and managed in the best interests of all concerned. Trusts can also be used for charitable purposes, or in commercial structures such as pension plans, mutual funds and structured debt finance. |
| As an innovator in trust administration with more than 35 licensed trust companies, Bermuda features a supportive regulatory environment and a sophisticated financial infrastructure, with standards comparable to those of the United States and the United Kingdom. All financial institutions in Bermuda are supervised and regulated by an independent body, The Bermuda Monetary Authority. |
| Using a Bermuda Trust offers the following advantages: |
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Innovative trust laws that enable the creation of a relevant trust;
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A legal system based on English law, offering the right of recourse to the Privy Council;
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A high degree of professional expertise in trusts; |
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Trust life of 100 years or more, depending on the type of trust;
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Conservative creditor protection rules; and |
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No taxation imposed on trust assets, unless the assets are denominated in Bermuda Dollars. |
| Anyone over 18 years old may form a trust in Bermuda. Anyone over 18 and licensed public trust companies may act as a trustee of a Bermuda trust. |
| Professional support of the trust industry is of a very high standard in Bermuda. More than 250 lawyers called to the Bermuda Bar and approximately 700 members of the Institute of Chartered Accountants of Bermuda are employed on the island. |
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Business in Bermuda. It's Your Solution |
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