Turks & Caicos Islands.
General |
|
Legal Framework |
English Common Law |
Official Language |
English |
Official Currency | U.S. Dollars |
Confidentiality | Yes |
Rule Against Perpetuities | No |
Creditor Concerns |
|
Permit Confiscation of Property | No |
Protection from Forced Heirship | Yes |
Enforcement of Foreign Judgment | Yes |
Recognize Trust Protector | Yes |
Economic/Political |
|
Business Infrastructure |
Excellent |
Economic Stability |
Excellent |
Exchange Controls |
None |
Political Stability |
Excellent |
Taxes |
|
Taxes |
None |
Tax Treaties |
No |
Prospects for Future Taxation |
None |
Approximate Costs |
|
Formation Fee | |
Acceptance Fee |
|
Trustee Fee/Annual Admin. |
|
Creditor Protection Trust (CPT) |
|
Voidable by Creditors (Statute of Elizabeth) |
No |
Revocable |
No |
Absolute Discretion in Trustee Over Assets and Distributions |
Yes |
Loss of Beneficial Interest When Levied Upon by Creditors |
Yes |
Statute of Limitations during which Creditors can bring suit |
3 Years |
Approximate CPT Costs |
|
Formation Fee | |
Acceptance Fee |
|
Trustee Fee/Annual Admin. |
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