- ENGLISH
- ESPAÑOL
Dominica´s International exempt trust
Dominica´s trusts are created for various reasons. Among them: the minimization or deferral of tax liability, the simplification of legal formalities relating to asset distribution on death, the protection of assets, the protection of confidentiality on transfer of assets, and the severance of legal ownership from assets whilst retaining the benefits. Trusts created in the Commonwealth of Dominica can take advantage of the territory's innovative legislation.
Protection of:
- Wealth benefits, by the law of the Commonwealth of Dominica
- Inheritance wishes through anti-forced heirship provisions
- Trust interests through legal acknowledgment of the position and powers of the Trust Protector
- Privacy, no information can be disclosed unless a trustee authorizes so in writing
Facilitation of:
- Comprehensive investment strategies through provision for broad investment powers for trustees, i.e. investment in most international banking institutions and stock exchanges
- A wide range of estate planning options through the non- applicability of the Rule against Perpetuity. The duration of an international trust is 100 years.
- The formation of charitable and non-charitable trusts through recognition of purpose trusts
Advantages:
- Exemption from all income taxes, ad valorem stamp duties and all exchange control taxes.
- In addition to the specific advantages outlined above, companies can also derive a number of more generalized benefits from the Dominica International Exempt Trust legislation relating to the protection of assets, preservation of wealth, commitment to privacy and anonymity, zero tax, and ease and flexibility of operations.
A trust and a company formed under the IBC legislation of Dominica, will secure the trust´s interests and asset protection and management and operations.