• Belize International Trust

  • Legal Framework

    The Belize International Trust is governed by the Belize Trusts Act 2000, as amended in 2007 and 2013.

  • Registration Requirements

    Required under the Trusts (Amendment) Act, 2007. The name(s) of the Settlor(s) and the Beneficiary(ies) are not included in the short Registration document that is required. The Deed of Trust is not Registered or otherwise filed with the government. The Register of Trusts is not open for public inspection and is protected by confidentiality provisions of the law.

  • Settlor

    The Settlor should not be a resident of Belize for purposes of the Business and Income Tax Act. This means that a person resident under the Belize retirement program could be a Settlor. The Settlor may also be a trustee, a beneficiary or a protector of the trust.

  • Beneficiary

    No Beneficiary should not be a resident of Belize for purposes of the Business and Income Tax Act. This means that a person resident under the Belize retirement program could be a Beneficiary. A beneficiary may also be a settlor, a trustee, or a protector of the trust.

  • Trustee

    Any person over the age of majority or any company (provided it is permitted to be a trustee by its jurisdiction of incorporation) may be the Trustee of a Belize Trust. No domestic trustee is required, although a Belize International Trust does require a Belize resident and licensed Trust Agent. A trustee may also be a settlor, a beneficiary, or a protector of the trust.

  • Protector

    The appointment of a Protector is optional.

  • Perpetuity Period

    The rule against perpetuities does not apply in Belize. However the maximum duration of a Belize trust is 120 years, except for a trust for exclusively charitable purposes, which has no maximum duration.

  • Property

    The property of the Belize International Trust should not include immovable property situated in Belize or shares in a company owning immovable property situated in Belize.

  • Confidentiality

    The name(s) of the Settlor(s) and the Beneficiary(ies) are not included in the Registration document. The Deed of Trust is not registered. The Register of Trusts is not open for public inspection and is protected by confidentiality provisions of the law.

  • Taxation

    The Belize International Trust is exempt from taxation.

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

  • Asset protection

    Trusts in Belize will not be void or voidable in the event of the Settlor's bankruptcy or liquidation thus achieving asset protection from creditors. There is no statutory enactment in Belize of the 1571 Statute of 13 Elizabeth (sometimes called the Fraudulent Conveyances Act) and Section 7(6)(a) of the Trusts Act provides that the Court shall not recognise the validity of any claim pursuant to the law of, or the ruling of a court in another jurisdiction, including the claims of creditors in an insolvency.

  • Reporting Requirements

    There are no reporting requirements for a Belize International Trust other than to update the Registration form if the terms of the trust are varied. Accounting records must also be maintained.

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

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