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New hampshire trust Formation

NEW HAMPSHIRE

Type of Trust - Non-depository trust company
- Family trust company
Proper Law of the trust: The New Hampshire Trust Company Act
Duration of the trust (unlimited if possible) No fixed duration, can continue for an indefinite amount of time
Practical uses of the trust: providing trust, investment, and related services to the family, their trusts, and their businesses
Name and language: Any Name; English
Creation of the trust: 4 to 6 months
Minimum Government fees: None
Minimum issued share capital : $500,000
Minimum paid up share capital on incorporation: $250,000
Record in Public register: No
Special requirement about the trustee (local resident requirement): None
Trustee As a legal or natural person: Both
Settlor may be sole beneficiary: Yes
Double taxation treaty access: -
Taxation: None
Creditors of the Settlor:(maximum claim period) 4 years (as to settlor’s transfer of assets to an irrevocable trust ) 1 year (upon death of settlor)
Heirs of the settlor:(maximum claim period) 4 years
Disclosure of beneficial owner to Company Registrar: Yes
Annual bookkeeping: Yes
Submission of accounts: Yes
Statutory auditors: Yes
Local representative requirement: None
Any other special requirement: No

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