This publication has been prepared to guide those professional advisors with clients who may be considering the formation of a private trust company in Bermuda, the Cayman Islands or the British Virgin Islands. It deals in broad terms with the requirements of Bermuda, Cayman Islands and British Virgin Island laws for the establishment and operation of such entities and related legal issues. It is not intended to be exhaustive.
With regard to any specific proposals, professional advisors, are advised to consider the implications in their client’s home jurisdiction and should consult with other professional advisers as appropriate.
Of course, individual clients should seek legal advice in the appropriate jurisdiction on their specific proposals before taking steps to implement them.
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Comparison of Jurisdictions for Private Trust Companies