• Barbados International Trust

  • Legal Framework

    The Barbados International Trust is governed by the International Trusts Act.

  • Registration Requirements

    A Barbados International Trust should be registered.

  • Settlor

    The Settlor should not be a permanent resident of Barbados.

  • Beneficiary

    The Beneficiary should not be a permanent resident of Barbados.

  • Trustee

    At least 1 trustee must be resident in Barbados.

  • Protector

    The appointment of a Protector is optional.

  • Perpetuity Period

    The maximum duration of the Barbados International Trust is 100 years.

  • Property

    The assets of a Barbados International Trust should not include Barbados real estate.

  • Confidentiality

    Even though a Barbados International Trust should be registered, the names of the Settlor and its Beneficiaries are not publicly available.

  • Taxation

    The Barbados International Trust is exempt from taxation.

    Distributions to foreign beneficiaries from a Barbados International Trust are not taxable in Barbados in the hands of the beneficiaries.

  • Asset protection

    The Barbados International 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 Barbados 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 Barbados International Trust.