A trust company is one of the most growing business structures that has been exceptionally doing well in tax-haven countries. Often we hear about the word trust company or trustees, which is nothing but a legally excepted business structure that is widely handled or maintained by business investors and owners. Starting a trust entity becomes a feasible option for individuals who want to earn a higher return on the investment made, backed by tax-exemption benefits.
Belize has been turning out to be an exceptionally growing offshore business grounds that have been in demand over time and is widely selected by business investors. It is one of the feasible environment to start a trust company which is backed by the Trusts Act, Chapter 202 of Belize laws. If you are looking forward to starting an offshore company in Belize, you can count on by incorporating a trust company.
A trust company is a legal business entity that holds a specific legal relationship governed by Common Law. In the process of incorporation, there are three major parties involved which are termed as Settlor, Trustee and Beneficiary.
According to modern laws accepted, the mechanism works as follows:
The Settlor creates a trust who then passes on the assets to the trustee, for the benefit of a third-party called beneficiary. Also, a protector is involved who oversees the overall operation and appoint trustees.
Here, the Settlor can be an individual or even a corporate entity. On the other hand, the trustee is entitled to take care of the assets transferred and is legally precluded from using the trust assets. The beneficiary is the final party involved in the process to grab the benefits from the investments. The complete rules and regulations get penned down in a Trust Deed, the official document that plays a significant role in trust incorporation.
Belize provides the flexibility to develop offshore trust incorporation widely selected to protect the assets and deal with wealth management at an international market. Different types of Belize trust can be incorporated accordingly, which involves;
A Belize trust company holds the following features:
To start an offshore trust company in Belize, one needs to go through a set of procedures that involves:
The first and foremost task is to proceed with the advice of a certified registered business agent which will help the business investors to get relief and carry out the tasks in a hassle-free manner.
In the next step, the following documents are to be submitted to complete the company incorporation process:
The documents mentioned above need to be submitted accordingly to the business advisors, which will be forwarded to the respective authorities to gain the business approvals.
Once the permissions have been granted, an offshore bank account needs to be opened accordingly to carry out the business transactions. Most of the times, international investors prefer to proceed with Forex Trading and Asset and Wealth Management. Opening of an offshore bank account helps the business investors to grab multiple benefits, which can be understood by having a glance at our latest guide, Advantages of Offshore Banking.
With the proper implementation of the steps mentioned above, the complete processes will get cleared in a hassle-free way, backed by experienced professionals. Business experts like Business Setup Worldwide can assist you in the entire process of offshore trust company incorporation. Since incep[tion, we have helped business investors by providing tailor-made solutions suiting business needs that have made us one of the top ten business consultants in Dubai.
In case you hold any query or doubt, feel free to have a word with our business experts. Contact us today-we’d be glad to assist!