• Cayman Islands Ordinary Trust

  • Legal Framework

    The Cayman Islands Ordinary Trust is governed by the Cayman Islands Trust Law as amended.

  • Registration Requirements

    There is no requirement for Cayman Islands Ordinary Trusts to be registered.

  • Settlor

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

  • Beneficiary

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

  • Trustee

    It is advisable to use a regulated Trustee company even though individual trustees are allowed.

  • Protector

    The appointment of a Protector is optional.

  • Perpetuity Period

    The maximum duration of a Cayman Islands Ordinary Trust is 150 years.

  • Property

    There is no restriction on the property of a Cayman Islands Ordinary Trust.

  • Confidentiality

    As there are no registration requirements for the Cayman Islands Ordinary Trust the details of the Settlor and Beneficiaries are not disclosed to any person other than the Trustee.

  • Taxation

    The Cayman Islands Ordinary Trust is exempt from taxation in the Cayman Islands.

  • Asset protection

    A Cayman Islands Ordinary 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 within 6 years it is proven to the satisfaction of a Cayman Islands 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 Cayman Islands Ordinary Trust.

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

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