• British Virgin Islands Trust

  • Legal Framework

    Trusts in the British Virgin Islands are governed by the Trustee Ordinance 1961 and amended in 1993 and 2003 and the Virgin Islands Special Trust Act 2003.

  • Registration Requirements

    There is no requirement for the registration of trusts in the British Virgin Islands.

  • Settlor

    The Settlor does not need to be a permanent resident of the British Virgin Islands.

  • Beneficiary

    The Beneficiary does not need to be a permanent resident of the British Virgin Islands.

  • Trustee

    There is no requirement for the trustee to be licensed or resident in British Virgin Islands.

  • Protector

    The appointment of a Protector is optional.

  • Perpetuity Period

    The maximum duration of trusts in the British Virgin Islands is 360 years.

  • Property

    There is no restriction on the property of a British Virgin Islands Trust.

  • Confidentiality

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

  • Taxation

    Trusts in the British Virgin Islands are exempt from taxation if all the beneficiaries are non-British Virgin Islands residents.

    Distributions to beneficiaries from a British Virgin Islands Trust are not taxable in the British Virgin Islands in the hands of the beneficiaries.

  • Asset protection

    There is no specific legislation providing asset protection for trusts in the British Virgin Islands.

  • Reporting Requirements

    There are no reporting requirements for a trust in the British Virgin Islands.