The Cayman Islands has rapidly gained ground as one of the best financial centers around the globe and rightfully so because of its flexible finance services and applicable laws.  Opening a trust fund or private trust in the island will find your assets in a protected environment especially from unwanted claims from hangers-on.  They manage your assets for future distribution to your beneficiaries once allowable by the law.  It will also help consolidate your debts so creditors will not easily have access to your assets.  Trust regulation laws in the Cayman Islands were found more adaptable by foreign investors so much so that trust accounts grow more in number than any of their other finance services.

Private trust companies have increased in recent years because of the island’s stable economy and financial infrastructure.  The requirements for operating a trust company are minimal and easily achievable.  You could choose to be an Exempted Company or an Ordinary Company.  The benefits, however, of an Exempted Company are quite more interesting.  The government exempts you from tax duties for the next twenty years; and unlike other exempted companies in other offshore locations, your exempted company is not required to put the word “limited” or its abbreviation beside your company name.  But the same restriction is given regarding conducting business within the island’s premises unless otherwise necessary to complete an offshore transaction.  And your presence in the island should be established via a place/office to conduct business complete with your own staff and regular office amenities.

Fees and other obligations should be paid once you begin application for your company to be registered as a trust company.  You will also be required to pay annual government fee equivalent to fees collected for your incorporation.  At most, processing and completing your registration would take two months or sometimes less.

All in all, the Cayman Islands has become the choice offshore trust services provider because of its excellent laws and regulations that protect the investor and his assets.