Whether you are looking for asset protection, succession or optimization, we will find the right plan for you. We believe that no one size fits all, and we are here to provide guidance and support every step of the way.
At BONITS, we take the time to get to know you, acting as a custodian to develop a unique estate plan that works for you and your family. We ensure a smooth process throughout, offering valuable advice and a highly personal service to help you achieve your goals quickly, easily and stress-free.
The Nevis International Exempt Trust Ordinance first came into force in 1994, and has since been revised to reflect current business practices, to enhance the appeal of Nevis as an offshore jurisdiction and to demonstrate the integrity and commitment of Nevis’ offshore Trust market. The Trust Ordinance provides for the creation of charitable, non-charitable trust, spend-thrift or protective and qualifying foreign trusts. It also includes special provisions tailored to make Nevis a preferred jurisdiction for the establishment of asset protection trusts (APTs).
The Nevis Multiform Foundation Ordinance came into existence in 2005 and is used as a separate representation model for its added flexibility, benefits and ease of use. A variety of domestic and foreign entities can use this legislation to establish Multiform Foundations in Nevis and, unlike a Trust, can continue exercising distinct business practices, such as merging, transferring and consolidating without liability to legal trustees. A Multiform Foundation can also select its own governing laws from outside of Nevis and be exempt from all locally incurred taxes, if preferred.
The legislation is an attractive aspect of Nevis’ jurisdiction due to its provisions for asset protection, estate planning, wealth preservation and added privacy, while enabling a Multiform Foundation to operate as it wishes over the course of its lifetime; either as a trust, company or partnership.
BONITS complies with the legal requirements of the laws of the Federation of St. Kitts and Nevis. We handle all of our client information with strict confidence.
For more information and application forms, please click on ‘How to Apply’.