WILLEMSTAD, Curacao, March 12, 2012 /PRNewswire/ --
Vistra has become the first fiduciary provider in Curacao to successfully set up a new trust structure based on the Anglo Saxon concept. Working closely with local notaries, the new vehicle was incorporated on March 9, 2012.
With its stable financial infrastructure and strong reputation as a well regulated offshore centre, Vistra is forecasting a high level of interest in the new trust structures.
Trusts based on the Anglo-Saxon model are now available through Curacao, following a change in legislation which was promulgated earlier this year. The new trusts offer a wide range of options for flexible structuring and, providing the business of the trust is not within Curacao itself, are exempt from tax on profits earned locally. If required, the trust can elect to be subject to profit tax at a fixed rate of 10%, which can offer significant international tax planning benefits.
Trusts must be set up via a notarial deed and at all times there should be at least one local trustee appointed.
About Vistra Group
Vistra is a leading independent provider of trust, fiduciary, corporate and fund services delivering personal and tailored solutions to international corporations, institutional investors and high net worth individuals from around the world.
Our clients can benefit from a multi-jurisdictional and personal approach, delivered by a team of professionals with an in-depth understanding of the often complex needs of every client. Our services include company formation and management, fund formation and administration, trustee services, family office, marine and aviation and accounting services.
Today Vistra employs around 350 employees in 22 offices covering 18 jurisdictions, with each of our offices providing the full range of fund, trust, corporate and estate planning solutions.
Vistra is a unique player in the trust and fiduciary industry, boasting the most balanced geographic reach globally while always guaranteeing the personal and tailored service that our clients deserve.
Together, we bring to life the Vistra ethos of "Crossing Borders, Creating Solutions".
For further information please visit http://www.vistra.com
For further information please contact Gerard Jan van Spall on +599-9-736-6044, email gerard.van.spall@vistra.com
Media Contacts:
Guy Stephenson/Erica Evans
Nacelle Ltd
+44(0)20-8333-9125
gstephenson@nacelle.co.uk
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