• Bermuda Trust

  • Legal Framework

    Trusts in Bermuda are governed by the Trust (Regulation of Trust Business) Act 2001.

  • Registration Requirements

    There is no requirement for the registration of trusts in Bermuda.

  • Settlor

    The Settlor does not need to be a permanent resident of Bermuda.

  • Beneficiary

    The Beneficiary does not need to be a permanent resident of Bermuda.

  • Trustee

    The Trustee should be licensed in Bermuda.

  • Protector

    The appointment of a Protector is optional.

  • Perpetuity Period

    The maximum duration of trusts in Bermuda is 100 years.

  • Property

    There is no restriction on the property of a Bermuda Trust.

  • Confidentiality

    As there are no registration requirements for a trust in Bermuda the details of the Settlor and Beneficiaries are not disclosed to any person other than the Trustee.

  • Taxation

    Trusts in Bermuda are exempt from taxation.

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

  • Asset protection

    A Trust in Bermuda 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 Bermuda 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 trust in Bermuda.