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Belize Trust Formation

Belize TRUST
Type of Trust - Offshore trust
Proper law of the trust: Belize Trust Amendment Act 2007 and 2013
Duration of the trust (unlimited if possible) 120 years from the date of its incorporation
Practical uses of the trust: - Preserve assets in times of economic, political or economic uncertainty. -Holding and buying of stocks and bonds -minimize taxes -Centralization of assets dispersed worldwide under one expedient management structure for reasons of convenience, cost, and tax efficiency.
Name and language: Any Name; English
Creation of the trust: 1 to 2 weeks
Minimum Government fees: US$100
Minimum issued share capital : None
Minimum paid up share capital on incorporation: Yes
Record in Public register: No
Special requirement about the trustee (local resident requirement): No local resident requirement(but the trustee should be licensed to act as Trustee for multiple trusts)
Trustee As a resident of the European Economic area is required (Y/N) Both
Settlor may be sole beneficiary: No
Double taxation treaty access: No
Taxation: None
Creditors of the Settlor: (maximum claim period) -
Heirs of the settlor: (maximum claim period) 21 years
Disclosure of beneficial owner to Company Registrar: No
Annual bookkeeping: Yes
Submission of accounts: No
Statutory auditors: Yes
Local representative requirement: Must have a local registered agent
Any other special requirement: No

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