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Welcome to Offshore Trusts Guide [OTG]

OTG publishes news, features and newsletters on the use of offshore trust structures. The full guide analyses key global issues relating to the offshore trust, and examines in detail the trust regimes in key jurisdictions. Please make use of our free trial access to explore the guide.

 

Latest OTG News

Latest OTG Features

 

Latest Network News

Morocco Strengthens Tax Ties With France

26/3/2013

Morocco’s Director General of Taxation Abdellatif Zaghnoun has recently highlighted the "very intense" cooperation between France and Morocco in the area of taxation and customs.

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Egypt Hikes Customs Tariffs On Luxury Goods

26/3/2013

Determined to increase fiscal revenues to reduce the public deficit, Egypt’s President Mohammed Morsi has recently issued a decree raising customs tariffs on imports of luxury goods.

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NZ Treasury Reports On Impact of Tax Changes

26/3/2013

Personal income tax cuts may have a greater economic benefit than corporate tax changes, a major new report by the New Zealand Treasury has argued.

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Canadian Govt Releases Latest Tax Figures

26/3/2013

Revenues for the first ten months of the current Canadian tax year were up 2.3%, although January did record a poor performance.

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Spain, UK Sign Revised DTA

26/3/2013

Spain's Ambassador to the UK Federico Trillo and UK Exchequer Secretary to the Treasury David Gauke have recently signed the new treaty between the two countries aimed at avoiding double taxation and preventing personal income and wealth tax evasion.

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Study Attacks US Domestic Production Activities Tax Deduction

26/3/2013

At a time when there is much political discussion on United States tax reform, and, in particular, the reduction of tax breaks and incentives to provide revenues to reduce direct tax rates, a report from Robert Shapiro of the Progressive Policy Institute has focused on Section 199 of the federal corporate tax code – the special deduction arising from certain designated "domestic production activities."

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IoM Supports Payroll Tax Compliance

26/3/2013

The Isle of Man's Income Tax Division is to host a series of training sessions on April 2 and April 3, 2013, to assist employers and agents to better understand Manx payroll requirements.

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UK To Review Support For Crown Dependencies

26/3/2013

The Isle of Man's Chief Minister Allan Bell has welcomed the announcement that a House of Commons Select Committee will review progress since the publication of a 2010 Report on the UK's relationship with the Crown Dependencies - the Isle of Man, Jersey and Guernsey, noting that it will provide the islands with an opportunity to revisit how their constitutional relationship with the UK is managed by the UK Ministry of Justice.

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UK 2013 Budget Confirms Anti-Avoidance Initiatives

26/3/2013

The UK Chancellor unveiled last week what he called "one of the largest ever packages of tax avoidance and evasion measures presented at a Budget." These have been largely welcomed by business representatives, who nonetheless pointed out that many of George Osborne's initiatives had been pre-announced.

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Germany Clarifies VAT Tax Break For Food Supplies

26/3/2013

The German Finance Ministry has recently published information clarifying the scope of the value-added tax break accorded for the supply of food and beverages in Germany.

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Canadian Ministers Highlight EU FTA Benefits

26/3/2013

Canadian ministers have been promoting the European Union trade agreement currently under negotiation, telling Quebec manufacturers and exporters that they can only benefit from the deal.

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ADB: China Should Broaden Its Tax Base

26/3/2013

With the Government expecting an increased fiscal deficit this year, Stephen Groff, Vice-President of the Asian Development Bank, in a speech at the China Development Forum 2013, said that the first step for China to take should be to broaden its tax base.

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Japan, EU Launch FTA Negotiations

26/3/2013

On March 25, 2013, the European Union and Japan officially launched negotiations for a comprehensive free trade agreement in goods, services and investment, which is intended to eliminate tariff and non-tariff barriers and cover other trade-related issues, such as public procurement and regulatory issues.

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US Senate Progresses Repeal Of Medical Device Tax

26/3/2013

By 79 votes to 20, on a bipartisan basis, the United States Senate has passed an amendment to the Democrat-led Senate's 2014 Budget that would repeal the medical device tax that was included in the Patient Protection and Affordable Care Act, and that has been imposed from January 1 this year.

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Indian Bank Extends Opening Hours For Tax Collection

25/3/2013

The Reserve Bank of India has announced that branches conducting Government business will be kept open on upcoming holidays to ensure that customers can settle their tax bills.

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The Report

Offshore Trusts Guide: Introduction

The History of Offshore Trusts
Development of Professional Competence in the Jurisdictions
What Future for the Trust?
The New Age of Transparency
The Swiss Association of Trust Companies
The Society of Trusts and Estates Practitioners

Offshore Trusts Guide: Jurisdictions

Bahamas

Bahamas: Legal Framework and Formation Rules and Fees
Bahamas: 2006 Private Trust Companies Legislation

Barbados

Barbados: Legal Framework and Formation Rules and Fees
Barbados: Supervisory and Licensing Regime and Fees

Bermuda

Bermuda: Legal Framework and Formation Rules and Fees
Bermuda: Supervisory and Licensing Regime and Fees

British Virgin Islands

British Virgin Islands: Legal Framework and Formation Rules and Fees
British Virgin Islands: Special Trusts Act 2003
British Virgin Islands: The Trustee Act 2003
British Virgin Islands: :Supervisory and Licensing Regime and Fees
British Virgin Islands: New Laws on Private Trust Companies
British Virgin Islands: New Private Trust Company Regulations

Cayman Islands

Cayman Islands: Legal Framework and Formation Rules and Fees
Cayman Islands: Supervisory and Licensing Regime and Fees

Cook Islands

Cook Islands: Legal Framework and Formation Rules and Fees
Cook Islands: Supervisory and Licensing Regime and Fees

Cyprus

Cyprus: Legal Framework and Formation Rules and Fees
Cyprus: Supervision, Licensing and Tax

Gibraltar

Gibraltar: Legal Framework and Formation Rules and Fees
Gibraltar: Legislation, Regulation and Supervision

Guernsey

Guernsey: Legal Framework and Formation Rules and Fees
Guernsey: Trusts Law 2007

Isle of Man

Isle of Man: Legal Framework and Formation Rules and Fees
Isle of Man: Supervisory and Licensing Regime
Isle of Man: Uses Clients and Tax Treatment

Jersey

Jersey: Legal Framework and Formation Rules and Fees
Jersey: Supervisory and Licensing Regime
Jersey: Trusts Amendment Act 2006
Jersey: Foundations

Liechtenstein

Liechtenstein: Legal Framework and Formation Rules and Fees
Liechtenstein: Regulation Supervision and Transparency
Liechtenstein: Characteristics of Liechtenstein Trusts
Liechtenstein: Foundations

Madeira

Madeira: Legal Framework and Formation Rules and Fees

Malta

Malta: Legal Framework and Formation Rules and Fees
Malta: The Trust and Trustees Act 2004

Mauritius

Mauritius: Legal Framework and Formation Rules and Fees
Mauritius: Characteristics of the 2001 Trusts Act
Mauritius: Additional Provisions of the 2001 Trusts Act
Mauritius: Tax Treatment

Monaco

Monaco: Legal Framework and Formation Rules and Fees

Nevis

Nevis: Legal Framework and Formation Rules and Fees

New Zealand

New Zealand: Legal Framework and Formation Rules and Fees
New Zealand: Review of the Law of Trusts
New Zealand: Taxation of Trusts

Panama

Panama: Legal Framework and Formation Rules and Fees
Panama: Requirements for Acting as Trust Company in Panama

Seychelles

Seychelles: Legal Framework and Formation Rules and Fees

Turks & Caicos

Turks & Caicos: Legal Framework and Formation Rules and Fees
Turks & Caicos: The Voidable Dispositions Ordinance

Vanuatu

Vanuatu Legal Framework and Formation Rules and Fees