British Virgin Islands
DUBLIN, Ireland -- Research and Markets: the Trident Guide to British Virgin Islands Trusts
Research and Markets (http://www.researchandmarkets.com) has announced the addition of The Trident Guide to British Virgin Islands Trusts to their offering.
International tax and estate planning has become an essential requirement for many high net-worth individuals and companies. Increasingly, as more cross-border investments are made and the international mobility of families and executives increases, greater attention is being paid by their advisors to the ways in which taxes can be minimized, assets protected from political upheavals and family wealth transmitted between generations.
The common law trust, with its antecedents dating back to the 11th Century, has long been the vehicle through which many of these goals can be achieved. The trust's flexibility, stability and recognition even beyond common law countries portend an even greater use of trusts in the future.
The popularity of offshore trusts is linked to their generally tax-free status, ewe of establishment and administration in stable jurisdictions. and accompanying confidentiality. Current examples of uses for offshore trusts include:
- Inter-generational transfers
- Avoidance of forced heirship rules
- Investment holding
- Tax minimization
- Protection of assets from creditor claims
- Employee pension plans
- Unit trusts
The attraction of the British Virgin Islands ("BVI") for trust advisors is linked to its pre-eminence as a leading of corporate domicile, its political stability, the presence of numerous trust professionals and the BVI Government's commitment to maintain a modern trust regime.
For many owners of BVI International Business Companies ("IBC's"), the BVI now provides a modem trust law for the establishment of trusts through which shares in a Bviibc may be held. In addition, a BVI trust can also be used to hold a variety of assets based outside the BVI.
This booklet is designed to help practitioners and others interested in BVI Trust Law to gain a comprehensive understanding of the legislation. A description of the BVI, its history, constitution and laws is also provided, with a synopsis of the BVI Trust Law, and the full text of the BVI Trustee Ordinance 1961 (as amended).
The Trident Trust Group, a leading offshore company and trust specialists have prepared this guide. This trust group possess many years' experience working with advisers worldwide in the field of offshore trusts and international tax planning.
COPYRIGHT 2004 Business Wire
COPYRIGHT 2004 Gale Group


