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TRUST… THE BAHAMAS

China has one of the fastest growing high net worth and ultra-high net worth populations in the world. That new wealth brings its own challenges: How does one invest it? How does one protect it? How does one ensure that it will last for future generations?

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A Detailed Look at British Virgin Islands’ Trust and Succession to Assets

Raymond Davern

A Flourishing Trusts Jurisdiction

The British Virgin Islands (“BVI”) has had a flourishing trusts sector for over 50 years beginning with the enactment of the Trustee Ordinance in 1961 which was based on English trust law at that time. Since then, BVI trust law has twice been substantially modified by legislation designed to enhance the flexibility and utility of the trust product as a wealth management vehicle.

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