set up British Virgin Islands Trusts

    limitless international holdings limited

    BVI Trusts

    The traditional use of trusts is protection and preservation of family assets. The most common purposes for establishing a Trust are:

    • Asset Protection
    • Will Substitute and Avoidance of Probate
    • Avoidance of Forced Heirship
    • Family Succession Planning
    • Tax Planning & Avoidance of Estate Duty
    • Benefit of Charities & Purpose Objectives
    • Confidentiality and Privacy Protection
    • Contingency Planning

    Trust is a relationship among the three parties: Settlor, Trustee and Beneficiary (ies).

    Settlor is the person or corporation who establishes the Trust.

    Trustee is the person or corporation appointed by the Settlor holding legal ownership of assets in the Trust for the benefit of the Beneficiaries.

    Beneficiaries are the persons, corporations or charities having the beneficial right to enjoy the assets in the Trust.

    The establishment of trusts in the BVI is regulated in the Trustee Act, Cap.303 which was amended by the Trustee (Amendment) Act, 2003. The purpose of the amendment was to establish certain new rules for trusts which should make the BVI an atrractive Trust jurisdiction.

    Forming a BVI IBC

    Flexibility of the corporate structure of BVI IBC have made British Virgin Islands one of the most popular jurisdictions with good reputation. BVI International Business Companies have many features and advantages that can be used in a variety of business spheres. This chapter includes detailed information about company characteristics: requirements to shareholders and directors, information about shares and share capital, company records and statements, reporting rules, restrictions to naming the company and various business activities.

    Naming the IBC

    Company names must be pre-approved for availability and acceptability (there are some words that are restricted or excluded). Starting the formation process, first of all please find a company name which is available and suitable to you. If the name you have chosen is not available, agent will find the nearest possible alternative based on your preferences, and will reserve this name.

    One of the following suffixes from the list can be added to the company name to show that this is a limited liability company.

    • Limited (Ltd)
    • Corporation (Corp)
    • Incorporation (Inc)
    • Soci猫t猫 Anonyme (SA)
    • Sociedad Anonima

    Names in Chinese characters are also available for incorporation.

    For making a unique name, it may be needed to add or remove words, because there are already more than 600,000 names on the Register. The agent should register an alternative name after getting confirmation from customer.


    Classes of Shares

    Various classes of shares are permitted:

    registered and bearer shares,
    shares of no par value,
    preference shares,
    redeemable shares,
    shares with or without Voting Rights.
    Ownership of shares in an International Business Company may be settled into a Trust.

    The Share Certificate for a nominee shareholder is an alternative to bearer shares.

    Taxation

    IBCs do not pay income taxes or stamp duties.

    Non-residents of BVI are exempt from the income tax payable on interest, dividends, rents and royalties, compensations and other amounts which are paid to the person by the IBC.

    There are no capital gains taxes, inheritance taxes and death duties.

    Taxation of the BVI IBC on Profits

    An International Business Company is exempt from any tax on its world-wide profits to the British Virgin Islands authorities.

    Double Taxation Agreements

    The British Virgin Islands have double taxation treaties with Japan and Switzerland, although these treaties have limited benefit and are not applicable to offshore business.

    Limitless International Holding Limited

    Our services include:

    • International taxation

    • Global corporate formation and management services

    • Global trust, foundation and fiduciary services

    • Global trade services including documentary credits and logistics

    • Family and private office solutions in all aspects of structuring and VIP client needs

    • Succession and wealth planning for wealthy individuals, conglomerates and oligarchs

    Profile Type: Service companies

    The name-endings denoting the type of company

    The name of a limited company, shall end with the word "Limited", "Corporation" or "Incorporated"; the words "Societe Anonyme" or "Sociedad Anonima"; the abbreviation "Ltd", "Corp", "Inc" or "S.A."; or such other word or words, or abbreviations thereof.

    The name of an unlimited company shall end with the word "Unlimited" or the abbreviation "Unltd".

    The name of a restricted purposes company shall end with the phrase "(SPV) Limited" or the phrase "(SPV) Ltd".

    The name of a segregated portfolio company shall end with one of the phrases "Segregated Portfolio Company Limited"; "Segregated Portfolio Company Ltd"; "SPC Limited"; "SPC Ltd"; or, in the case of a segregated portfolio company that is a restricted purposes company, one of the phrases specified in this paragraph with "(SPV)" inserted immediately before that phrase or immediately before "Limited" or "Ltd".

    Quite uniquely for BVI, the name of a BVI Business Company may comprise the expression "BVI Company Number" followed by its company number in figures and the ending required, as specified above - for instance "BVI Company Number 987654 Ltd". A company name expressed in such fashion may also contain additional foreign characters between the company number and the ending.

    Appointment of Agents

    The directors of a BVI Business Company may appoint any person (including an existing director), to be an agent of the Company. Subject to the Memorandum and Articles of Association such agent has such powers and authority as the directors may prescribe, except that no agent shall have no authority to amend the Memorandum or Articles; to appoint directors or agents; to approve a plan of merger, consolidation or arrangement; or to make a declaration of solvency or approve a liquidation plan. Fixed Government fee.

     

     

    Limitless International Holding Limited

    Our services include:

    • International taxation

    • Global corporate formation and management services

    • Global trust, foundation and fiduciary services

    • Global trade services including documentary credits and logistics

    • Family and private office solutions in all aspects of structuring and VIP client needs

    • Succession and wealth planning for wealthy individuals, conglomerates and oligarchs

    Please contact us:

    anlay

    Limitless Primary Resources FZE
    P.O Box:127544,     Dubai-U.A..E
    Tel: +97142384588             +971508728829  (jacky)
         +8613269805957(BJ)  +86137 0103 4722(anlay)
    Fax:+97142384589
    Email:waq@limitless-holding.com

    Office:  Office 201,  Al  Rostamani Building,  Al Ithihad Road, Deira , P.O Box: 127544

    limitless international holdings limited

    limitless international holdings limited

    公司介紹

    imitless International Holding Limited Our services include: • International taxation • Global corporate formation and management services • Global trust, foundation and fiduciary services • Global...