• Bahamas Non-Resident Trust

  • Legal Framework

    The Bahamas Non-Resident Trust is governed by the Trustee Act 1998.

  • Registration Requirements

    There is no requirement for the registration of the Bahamas Non-Resident Trust as long as it does not hold any Bahamian real estate.

  • Settlor

    The Settlor should not be a permanent resident of the Bahamas.

  • Beneficiary

    The Beneficiary should not be a permanent resident of the Bahamas.

  • Trustee

    The Trustee should be a licensed trustee resident in the Bahamas.

  • Protector

    The appointment of a Protector is optional.

  • Perpetuity Period

    The maximum duration of the Bahamas Non-Resident Trust is 150 years.

  • Property

    The property of the Bahamas Non-Resident Trust International Trust should not include immovable property situated in the Bahamas or shares in a company owning immovable property situated in the Bahamas.

  • Confidentiality

    As there are no registration requirements for a Bahamas Non-Resident Trust the details of the Settlor and Beneficiaries are not disclosed to any person other than the Trustee.

  • Taxation

    The Bahamas Non-Resident Trust is exempt from taxation.

    Distributions to foreign beneficiaries from a Bahamas Non-Resident Trust are not taxable in the Bahamas in the hands of the beneficiaries.

  • Asset protection

    The Bahamas Non-Resident Trust will not be void or voidable in the event of the Settlor's bankruptcy or liquidation thus achieving asset protection from creditors. However, the Trust may be set aside by its Creditors if it is proven to the satisfaction of a Bahamian court that the trust was made by the Settlor with the intent to defraud its creditors.

  • Reporting Requirements

    There are no reporting requirements for a Bahamas Non-Resident Trust.

Compare Bahamas to other jurisdictions and see the difference in corporation tax rates, tax residency requirements, VAT rates, capital gain taxes, etc.

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