The Potential Of Using A Managed Trust Company In Nevis

The Concept

A number of families and organisations have considered creating their own trust company in a tax-efficient jurisdiction, such as Nevis, but have concluded that the expense involved in setting up such an operation would not be justified.

An alternative is to establish a managed trust company.

The benefits of an internal trust company can be enjoyed without incurring the high initial set up costs associated with forming a separate office. Dixcart is able to assist in creating a managed trust company in Nevis.

From a compliance and regulatory perspective Nevis is a jurisdiction which does not appear on either the FATF or OECD black lists.

What Advantages Can the Jurisdiction of Nevis Offer?

The jurisdiction of Nevis offers a number of advantages including:

A very attractive tax regime: no personal income tax, no capital gains tax, no withholding tax. The ability to waive the exemptions detailed above and for entities to become tax resident in Nevis. The annual tax charge is 1%. The registers in Nevis are not open to the public which assists with confidentiality. The Nevis trust regime offers a high standard of asset...