Office of the International Financial Services Commission,
New Administration Building,
1 September 2008
REGISTRATION OF INTERNATIONAL TRUSTS
It is notified for general information that Belize recently amended its Trusts Act to provide for compulsory registration of international (or offshore) trusts. For this purpose, an International Trusts Registry has been established in the Office of the International Financial Services Commission at the address given above.
The law provides that all offshore trusts governed by Belize law must have a Trust Agent resident in Belize whose office would serve as the Office of the Trust. A list of licensed Trust Agents is available on our website www.ifsc.gov.bz. (Please see list ‘B’)
Only a limited information needs to be provided to the Trusts Registry, e.g., Name of the Trust, Date of Settlement of the Trust, Name of the Trustee and Name of the Trust Agent. All other information is kept by the Trust Agent. No confidential or private information needs to be disclosed to the Registry and it is not necessary that a copy of the Trust Deed be filed with the Registry.
The fee for registration is US$100.00 which is a one-time fee. If a trust was previously registered with the General Registry, it will be re-registered by the International Trusts Registry without a fee.
The International Trusts Registry is not open to the public. It is a closed Registry. The confidentiality of a trust is fully protected.
Further information on the registration of international trusts can be found in the Trusts (Amendment) Act 2007 (which came into force on 15th June 2007) and the International Trusts Regulations 2007, copies of which are available on our website www.ifsc.gov.bz.
GIAN C. GANDHI
International Financial Services Commission