International Trust

Overview

The International Trust Act, 2007, provides for the registration of international trusts which cater for a range of functions including asset protection and estate planning purposes. An international trust may also be established for charitable or non-charitable purposes or for both, or for no purpose, other than for the benefit of a settlor or a beneficiary or both.

Licence Classes

Physical Presence Requirements

• A licensed corporation must have its own separate office large enough to comfortably accommodate a staff of at least two (2) persons, computer equipment and facilities to accommodate clients
• Opening hours should be posted outside the corporation - minimum of six (6) hours per day, Monday to Friday
• Licensed corporations must have at least one (1) full-time employee
• At least one person employed must have relevant experience and capability of understanding the operation of the corporation
• Physical records are to be remitted at the latest on a monthly basis to Antigua and Barbuda and stored in a manner that can be easily reproduced

Benefits

• Asset protection and estate planning
• May be established for charitable or non-charitable purposes
• Can exist with no beneficiaries if established for a clear and specific purpose
• Has the right to hold title, rights or other interests in property in its own name
• May hold title to real property in Antigua and Barbuda (subject to Government approval)
• May be administered by a minimum of one or a maximum of four functioning trustees