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Name of Trust
Termination of Trust
About termination
Termination of the Trust can be stipulated in the Trust deed, but is not mandatory. It can be specified as a specific date as well as occurrence of a specific event, like, death or birth of a specific person, graduation from college, marriage etc. Trusts whose termination is not specified in the Trust deed will be terminated according to the provisions of law. International Trusts Act stipulates that the maximum period of a trust is 100 years. This does not apply to charitable and purpose trusts.
Will the termination of Trust be specified?
Revocability
About revocability
According to the International Trusts Act, Trust shall be deemed irrevocable unless the capability of revocation is expressly specified and reserved for the settlor in the Trust deed. Caution: We advise that any powers of revocation be narrow in scope, as extremely broad powers of revocation can be an indication to courts that the Trust is operating as a sham trust, which can then be deemed invalid.
Will the Trust be revocable?
Type of Trust
Details
As Trust assets are no longer the property of the settlor, settlors are not liable for any taxes on such property, settlor's creditors cannot reach the Trust assets and, as Trust assets do not form part of settlor's estate at the time of death, they are neither governed by will, nor subject to probate.
Please select at least one option:
Details
A Purpose Trust is a valid International Trust with Beneficiaries who are neither natural persons, nor bodies corporate, and which has its main purpose or object some other goal besides those listed above as charitable.
Please select at least one option:
BENEFICIARIES
About Beneficiaries
Please be aware that according to the International Trust Act the settlor of a Seychelles International Trust cannot be the SOLE beneficiary. If you have chosen to be the settlor and you choose to be also the beneficiary, the law requires you indicate additional beneficiaries.
Do you wish to be irrevocably excluded as a beneficiary?
Who will be the beneficiaries?
Please select at least one option:
TRUSTEE
About Trustee
Trustees are under a legal obligation to exercise a fiduciary duty of care and maintain the Trust property for the benefit of the Beneficiaries. Trustees are legally precluded from using the Trust assets for their own ends. All the duties and powers of the Trustees are well regulated in Belize legislation.
Do you wish “Fidelity Overseas Ltd.” to act as your Trustee?
TRUST MANAGEMENT
About Trust Management
Income under the Trust is usually distributed to the beneficiaries according to the instructions of the Trust deed. Seychelles legislation permits also the possibility to accumulate the income of the Trust adding it to the Trust capital. It can then be used for reinvestment or other purposes and distributed later or upon termination of the Trust.
Income under the Trust shall be distributed as follows:
Do you wish to provide any special instructions, obligations or restrictions for the beneficiaries?
Do you wish to provide any special instructions regarding the Trust asset and income management?
Upon your death, do you wish the Trust to be:
PROTECTOR
About Protector
The protector is not a mandatory party to a trust, but may be chosen by the settlor. The function of the protector is to supervise the trustee, thus providing additional assurances to the settlor that the trust assets are properly managed. In extreme circumstances, the protector may remove or replace the trustee.
Do You wish to appoint a Protector to the Trust?
ACCOUNTANT
About Accountant
Appointing an accountant is not mandatory for establishing an International Trust, but for your own security and peace of mind you can appoint an Accountant who will oversee the bookkeeping of the Trust. Fidelity does not provide accountancy services, therefore if you choose to appoint an accountant for your trust, you will have to provide an accountant on your part.
INVESTMENT ADVISOR
About Investment Advisor
Appointing an Investment Advisor is not mandatory for establishing Trust, but to ensure that trust assets are most prudently utilized, you can appoint an Investment Advisor who will see to the investments of the trust assets. Fidelity does not provide investment advisory services, therefore if you choose to appoint an Investment Advisor for the Trust, you will have to provide an Investment Advisor on your part.
LEGAL ADVISOR
About Legal Advisor
Appointing a Legal Advisor is not mandatory for establishing an International Trust, but for your own security and peace of mind you can appoint a Legal Advisor who will see to the legal matters of the trust and its assets. Fidelity oes not provide legal services, therefore,if you choose to appoint a Legal Advisor for the trust, you will have to provide a Legal Advisoron your part.
Bank account
DOCUMENTS
Do I need this?
Apostilled set of copies of primary documents
It is recommended to prepare at least one set of notarized/apostilled copies of primary documents, because it is the most convenient way of presenting the corporate documents to banks, potential customers, suppliers, business partners or government institutions. It is especially recommended to prepare such set of certified/apostilled copies if the documents are expected to be used in any of the countries, who are members to the 1961 Hague Convention.
Do I need this?
Apostilled original trust registration certificate
You may be required to present an apostilled original Certificate of Registration when doing business with some banks or some government institutions. If so, this option will be required.
DELIVERY
Why would I need this?
Instead of keeping confidential and sensitive original documents at your home, you may choose to leave them in safe custody with the Registered Agent. Scanned electronic copies can be provided at any time, or the original documents can be couriered out at request.
Details
- Company formation and all primary documents
- Government registration fee
- Taxpayer Identification Number (TIN)
- Registered Agent service
Details
- Company formation and all primary documents
- Government registration fee
- Taxpayer Identification Number (TIN)
- Registered Agent service
- A set of primary documents, notarized and legalized by Apostille
Details
- Company formation and all primary documents
- Government registration fee
- Taxpayer Identification Number (TIN)
- Registered Agent service
- Corporate shareholder service by a local, licensed service provider
- Corporate directorship service by a local, licensed service provider
- Business address, correspondence & document administration
- A set of primary documents, notarized and legalized by Apostille
Name (1st option)
Name (2nd option)
Name (3rd option)
Shareholders
Why would I need this?
Corporate Shareholding service
If you do not wish to be listed as a shareholder in the primary documents of the company, choose this service. Instead, our in-house professional firm will be listed as the shareholder. Though your name will not appear on any public documents the shares are held on your behalf and for your benefit. In evidence of this confidential relationship, you will receive a fiduciary declaration from us.
Why would I need this?
Individual Shareholding service
If you do not wish to be listed as a shareholder in the primary documents of the company, choose this service. Instead, a licensed and regulated individual member of our staff will be listed as the shareholder. Though your name will not appear on any public documents the shares are held on your behalf and for your benefit. The individual shareholder service has an advantage over corporate shareholder services in that individual shareholders look most “natural” in terms of company ownership. Individual shareholder service should be your choice if you need the confidentiality of your BC to withstand the highest degree of scrutiny. Just as with our corporate shareholding service, if you select our individual shareholding service you will receive a fiduciary declaration from us in evidence of this confidential relationship.
Why would I need this?
Belize International Trust
Under the trust laws of Belize, neither the settlor nor the beneficiary of a trust are considered legal owners / controllers of trust property. The trust property remains legally separated from the initial settlor and the beneficiary(ies). This separation allows this property to remain protected from potential lawsuits and attacks by creditors. Belize International Trusts are well-suited for such asset-protection purposes, in particular because trust property and income are entirely tax-exempt in Belize.
Note (!) When choosing this option, we will contact you in order to complete a separate form, which will provide further information required for establishing a trust. Additional disbursements may apply, depending on the final configuration of the trust.
Why would I need this?
Seychelles International Trust
Under the trust laws of Seychelles, neither the settlor nor the beneficiary of a trust are considered legal owners / controllers of trust property. The trust property remains legally separated from the initial settlor and the beneficiary(ies). This separation allows this property to remain protected from potential lawsuits and attacks by creditors. Seychelles International Trusts are well-suited for such asset-protection purposes, in particular because trust property and income are entirely tax-exempt in Seychelles.
Note (!) When choosing this option, we will contact you in order to complete a separate form, which will provide further information required for establishing a trust. Additional disbursements may apply, depending on the final configuration of the trust.
Capital
Why is this standard?
A standard registered capital
Standard registered capital the maximum authorised capital at which the minimum Government fee still applies. In Belize $50,000 is the maximum authorized capital amount at which the Government registration fee of $100 still applies. For companies where the authorised capital exceeds that amount the annual Government fee leaps to $1,000
What are no-par-value shares?
Par-value shares / no-par-value shares
A par-value is the nominal value (price) of a share. It is also called “face value”, as it is usually printed on the face of the Share Certificate. Traditionally, the par-value of a share would equal the price for which the share can be issued, i.e. sold to a company shareholder.
In contrast, a no-par-value share does not have any fixed nominal value attached to it - in recognition of the fact that the price of the shares may fluctuate, depending on the value of the company itself. No-par-value shares are a more modern concept, as they afford more flexibility to the company when raising initial capital. For Belize BCs with no-par-value shares the annual Government duty is $350, regardless of the number of shares issued.
Directors
Why would I need this?
Corporate Directorship Service
Professional Corporate directorship service is required to avoid being seen as directly managing, and controlling an offshore company. This may be especially important if you live in a high-tax country
This service is provided by our dedicated, in-house management firm. A corporate director always has several individuals entitled to sign, which eliminates any potential lapses in service.
Why would I need this?
Individual Directorship Service
Professional Individual directorship service is required to avoid being seen as directly managing, and controlling an offshore company. This may be especially important if you live in a high-tax country.
One of our senior company managers will be appointed personally to provide this service. The individual director has an advantage over the corporate director in that individual directors look more “natural” in terms of company management.
However, this service is also more expensive. Another disadvantage is that an individual director may not always be available to act instantly – for example, in case of travel, illness or death.
Bank account
Services
Do I need this?
Business address and document management
If you plan to run an active trading or services business you will probably need this. If you are located in a highly regulated, high-tax country, you must not be seen as running an offshore company from your own home. This service aims to satisfy the “mind and management” test by providing real on-site domestic substance for the company located in Belize.
Do I need this?
Call handling
If your potential clients, partners, auditors, tax inspectors, competitors or any other people are expected to call your company with inquiries you will need this service. It is designed to verify that your company is actually located and operated in Belize - instead of being simply run from your own home.
Documents
Do I need this?
Apostilled set of copies of primary documents
It is recommended to prepare at least one set of notarized/apostilled copies of primary documents, because it is the most convenient way of presenting the corporate documents to banks, potential customers, suppliers, business partners or government institutions. It is especially recommended to prepare such set of certified/apostilled copies if the documents are expected to be used in any of the countries, who are members to the 1961 Hague Convention.
Do I need this?
Apostilled original certificate of Incorporation
You may be required to present an apostilled original Certificate of Incorporation when doing business with some banks or some government institutions. If so, this option will be required.
Do I need this?
Limited power of attorney
Through this document you, or anyone else, is appointed as a “general representative” of the company. This includes the rights to do practically anything in the name of the company: negotiate and conclude contracts, execute purchases and sales, operate accounts, collect payments, litigate, etc. The advantage here is convenience, as it allows you to conduct all business directly, and on your own.
(!) Usage of Powers of Attorney may be risky and result in tax liability! Many high-tax countries impose local taxation on individuals who act through a Power of Attorney, issued by an offshore company! Please carefully consider your tax circumstances before choosing this option!
Do I need this?
Special power of attorney
Through a Special Power of Attorney, you, or anyone else, can be granted certain limited rights to represent the company. For instance, the powers to negotiate and conclude one specific purchase, to perform customs-clearance of goods in one certain location, to register a foreign subsidiary, to operate one specific bank account, etc. Special Powers of Attorney can be issued as, and when necessary to company employees, agents or to the owners themselves.
(!) A Special Power of Attorney is less risky to use than a Limited Power of Attorney, because the user is much less likely to be implicated by an aggressive tax authority, as being “in control” of an offshore company. Still, please carefully consider your tax circumstances before choosing this option!
Do I need this?
The corporate seal
The Belize BC Act requires that each BC must have a corporate seal. The impression (imprint) of that seal must be kept at the registered office of the company in Belize. Under this option, we will have the seal made in Belize. Alternatively, you can order a seal wherever you are located, and simply send us a page with its impression.
Do I need this?
The Certificate of Good Standing (CoGS)
The Certificate of Good Standing is used to formally confirm the continued legal existence of an offshore company after some time has already passed since it´s registration. The Certificate of Good Standing confirms that the status of an independent legal entity (a juridical person) has not been revoked or became void for the particular offshore company, that this company has not been merged, filed for dissolution, or been struck-off.
A current Certificate of Good Standing is sometimes required by banks for bank account opening. If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Do I need this?
A certificate of incumbency
A document that identifies the current signing officers, directors, shareholders and other individuals authorized to represent the company. It is especially relevant in jurisdictions where this information is not part of public record. A Certificate of Incumbency is usually issued by the secretary or by the registered agent of the company.
A current Certificate of Incumbency is usually required by banks for bank account opening. Therefore, if you intend to open a bank account for your company, it is recommended to order the Certificate of Incumbency along with the initial incorporation documents. If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Delivery
Why would I need this?
Instead of keeping confidential and sensitive original documents at your home, you may choose to leave them in safe custody with the Registered Agent. Scanned electronic copies can be provided at any time, or the original documents can be couriered out at request.
Details
- Company formation and all primary documents
- Government registration fee
- Registered Agent service
Details
- Company formation and all primary documents
- Government registration fee
- Registered Agent service
- A set of primary documents, notarized and legalized by Apostille
Details
- Company formation and all primary documents
- Government registration fee
- Registered Agent service
- Corporate manager service by a local, licensed service provider
- Business address, correspondence & document administration
- Operating Agreement as Exhibit (includes extra Government Registration fee $ 50)
- A set of primary documents, notarized and legalized by Apostille
Name (1st option)
Name (2nd option)
Name (3rd option)
Members
Why would I need this?
Corporate member service
If you do not wish to be listed as a member in the primary documents of the company, choose this service. Instead, our in-house professional firm will be listed as the member. The information about the identity of the Members of a Belize LLC is kept confidential and is not a matter of public record.
Managers
Why would I need this?
Corporate Manager Service
If you do not wish to be listed as a manager in the primary documents of the company, choose this service. Professional Corporate manager service is required to avoid being seen as directly managing, and controlling an offshore company. This service is provided by our dedicated, in-house management firm. The Articles of Organization of the LLC are required to be filed with the Government Registry.
Bank account
Services
Do I need this?
Business address and document management
If you plan to run an active trading or services business you will probably need this. If you are located in a highly regulated, high-tax country, you must not be seen as running an offshore company from your own home. This service aims to satisfy the “mind and management” test by providing real on-site domestic substance for the company located in Belize.
Do I need this?
Call handling
If your potential clients, partners, auditors, tax inspectors, competitors or any other people are expected to call your company with inquiries you will need this service. It is designed to verify that your company is actually located and operated in Belize - instead of being simply run from your own home.
Documents
Do I need this?
Apostilled set of copies of primary documents
It is recommended to prepare at least one set of notarized/apostilled copies of primary documents, because it is the most convenient way of presenting the corporate documents to banks, potential customers, suppliers, business partners or government institutions. It is especially recommended to prepare such set of certified/apostilled copies if the documents are expected to be used in any of the countries, who are members to the 1961 Hague Convention. The set includes copies of primary documents - the Certificate of Organization, Articles of Organization and if ordered Operating Agreement.
Do I need this?
Apostilled original certificate of Incorporation
You may be required to present an apostilled original Certificate of Incorporation when doing business with some banks or some government institutions. If so, this option will be required.
Do I need this?
The Certificate of Good Standing (CoGS)
The Certificate of Good Standing is used to formally confirm the continued legal existence of an offshore company after some time has already passed since it´s registration.
A current Certificate of Good Standing is sometimes required by banks for bank account opening. If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Do I need this?
A certificate of incumbency
A document that identifies the current managers, members and other individuals authorized to represent the company. It is especially relevant in jurisdictions where this information is not part of public record. A Certificate of Incumbency is usually issued by the secretary or by the registered agent of the company.
A current Certificate of Incumbency is usually required by banks for bank account opening. Therefore, if you intend to open a bank account for your company, it is recommended to order the Certificate of Incumbency along with the initial incorporation documents. If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Do I need this?
Operating Agreement
Operating agreement governs relations among and between the members and the managers and contains provisions that relates to the business’ financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners.
Delivery
Why would I need this?
Instead of keeping confidential and sensitive original documents at your home, you may choose to leave them in safe custody with the Registered Agent. Scanned electronic copies can be provided at any time, or the original documents can be couriered out at request.
Name of Foundation
Purpose of Foundation
Please select at least one option:
BENEFICIARIES
About Beneficiaries
Beneficiary of a foundation means a person who is identifiable by name or is ascertainable by reference to a class. Beneficiary is someone who is entitled to benefit under the foundation charter or by-laws. A member of a foundation council may not be a beneficiary of the foundation.
Who will be the beneficiaries?
Please select at least one option:
FOUNDATION COUNCIL
About Foundation Council
One Council Member must be Belize-resident.We will provide the resident Member of the Council.You may appoint one or more additional Members of the Council. The Founder of the Foundation may not be a Council Member!
Do you wish “Fidelity Overseas Ltd.” to be the only Foundation council member?
FOUNDATION MANAGEMENT
About Foundation Management
Foundation is administered by a foundation council and the council shall represent and act on behalf of the foundation in all matters, in accordance with the foundation charter. Powers and obligations of the foundation councils are contained within the foundation charter. The Foundation Council may make bylaws for giving better effect to this Charter and for prescribing anything that needs to be prescribed, concerning distributions or applications of property endowment; naming beneficiaries, defining classes of beneficiaries or providing for additional beneficiaries of the foundation; providing for the identification of the residual beneficiary on a dissolution of the foundation; providing guidelines, policies and procedures for the Foundation Council; or providing for any other lawful matter compatible with the purposes of the Foundation.
Do you wish to provide any special instructions?
PROTECTOR
About Protector
A foundation charter may provide for the appointment of a protector of the foundation. Generally, the protector is usually someone that the founder trusts. The powers, rights, duties and responsibilities of the protector are specified in the foundation charter and its by-laws and. In the exercise of duties, a protector is not a member of the foundation council, but does owe a fiduciary duty to the foundation, its founder and beneficiaries. The Founder of the Foundation may not serve as the Protector.
Do You wish to appoint a Protector to the Foundation?
SECRETARY
About Secretary
The Secretary of a foundation shall be responsible to the foundation council of the foundation for the implementation of the decisions and policies of the foundation council in compliance with the laws of Belize and for due compliance with the provisions of theInternational Foundations Act.
Do You wish to appoint a Secretary to the Foundation?
Bank account
DOCUMENTS
Do I need this?
Apostilled set of copies of primary documents
It is recommended to prepare at least one set of notarized/apostilled copies of primary documents, because it is the most convenient way of presenting the corporate documents to banks, potential customers, suppliers, business partners or government institutions. It is especially recommended to prepare such set of certified/apostilled copies if the documents are expected to be used in any of the countries, who are members to the 1961 Hague Convention.
Do I need this?
Apostilled original foundation registration certificate
You may be required to present an apostilled original Certificate of Registration when doing business with some banks or some government institutions. If so, this option will be required.
Do I need this?
The Certificate of Good Standing (CoGS)
The Certificate of Good Standing is used to formally confirm the continued legal existence of a foundation after some time has already passed since it´s registration. The Certificate of Good Standing confirms that the status of an independent legal entity (a juridical person) has not been revoked or became void for the particular offshore company, that this company has not been merged, filed for dissolution, or been struck-off.
A current Certificate of Good Standing is sometimes required by banks for bank account opening. If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
Do I need this?
A certificate of incumbency
A document that identifies the current signing officers, founders, foundation council members, protectors and other individuals authorized to represent the company. It is especially relevant in jurisdictions where this information is not part of public record. A Certificate of Incumbency is usually issued by the secretary or by the registered agent of the company.
A current Certificate of Incumbency is usually required by banks for bank account opening. Therefore, if you intend to open a bank account for your company, it is recommended to order the Certificate of Incumbency along with the initial incorporation documents. If the document is intended for use in a country other than the country of company registration, it must be legalized by apostille.
DELIVERY
Why would I need this?
Instead of keeping confidential and sensitive original documents at your home, you may choose to leave them in safe custody with the Registered Agent. Scanned electronic copies can be provided at any time, or the original documents can be couriered out at request.
First name:
Last name:
Email:
Email repeat:
Phone:
Alternative Phone Numer:
Address:
Address 2:
City:
State/Province:
Zip Code:
Country:
Alternative (Skype, ICQ):
Referral Name: