If you have been around the offshore world for a while, you have probably seen mention of the venerable Swiss Trust Company. The name itself harkens back to a time when private banking, and numbered accounts, proliferated the offshore sector. However, I will explain why you shouldn’t buy one these structures and how it could lead you to be scammed.
As an offshore banking jurisdiction goes, Belize has a reputation of stringent requirements since FATCA disclosures were implemented. In fact, the Belize Central Bank now approves all new foreign account openings. Regardless, it’s still quite easy to secure a Belize Bank Account for Foreigners even in today’s regulatory environment.
The offshore trust has been demonized over the past few years with the various offshore data leaks bringing into the light what was once highly private. As expected, the pitchforks came for the “wealthy” and anyone listed in the Panama papers was immediately branded a tax cheat by the media.
The Cook Islands has one of the most secure asset protection structures anywhere in the world. The small island nations trust regime was created in 1984 and has stood the test of time, evidenced by many legal challenges, and continues to protect international trust beneficiaries. Subsequently, this guide will walk you through some of the key points of the Cook Islands International Trust Act of 1984.
Asset protection trusts are becoming increasingly important in 2022 as lawsuits, forced heirship, anti-capitalist governments, and increased tax obligations reach a fever pitch. Therefore, in this guide, I will try and answer the question as to How Much Does a Cook Islands Trust Cost to Setup.