Privacy
The main advantage of non-public registration is that privacy of the Settlor, so the Trust's activities and the identity of the Beneficiaries are fully protected.
The Belizean Trust imposes no tax of any kind on the Settlor, the Beneficiaries or in the income or capital gains earned by the Trust.
There is no requirement for the Trustee to file Trust accounts with the local tax authority thus preserving the confidentiality of the Trust's activities. Depending upon the residence for tax purposes of the Settlor and the Beneficiaries, it is often possible to make distributions of capital or income from the Trust completely free of tax. Many reporting requirements are either eliminated or vested in the Trustees.
The Trustee of a Belizean Trust can be any person of the legal age who under the Belizean laws has the capacity to own and transfer property. A Belize IBC cannot be a Trustee of a Belize Trust. Belizean Trusts are specifically designed to protect effectively the Settlor's assets from attack by malicious creditors and thus preserve the Settlor's assets.
Trust Name
There are no restrictions as to the name of a Trust in Belize. Please apply to us with any problems that may arise in connection with naming the Trust, and please contact us with your relevant questions.
Protection of the Beneficiaries
At the moment of Trust incorporation, the Beneficiaries are not included in the Trust Deed, and you can state who you want to be the Beneficiaries at any time. This can be simply stated in the Letter of Wishes.
Nominee Services
Nominee Services are optional but recommended to those who wish and require complete privacy, confidentiality and anonymity as to their relationship with the Trust. In such case, the nominees' names will appear on the Registrar of Companies instead of your name.
