Georgetown Trust, Ltd.

Transcription

1 Georgetown Trust, Ltd. 1

2 -British colony until independence in BZ$2.00 = US$1.00 since Area: 8,867 sq. miles; 200 sq. miles of cayes -Population: 330,000, majority living in urban areas -6 Districts; 9 Municipalities -1 International airport with daily international flights -Neighbours: Mexico, Guatemala and Honduras 11/29/2012 2

3 Emerging as one of the best offshore centers over the past decade Geographical advantage to North Americans who make up a significant percentage of our client base English speaking with British Common Law system, and British parliamentary democracy Offshore legislation implemented skillfully, avoiding black-listing by OECD, the FATF and the CFATF 11/29/2012 3

4 Easily regulated Banking environment only 7 licensed offshore banks Exemption from all Taxes on interests, commissions, dividends, capital gains Multiple Currency Banking 24% liquidity requirement Accounts can be opened and operated without client having to travel to the country Strict bank secrecy legislation, breach of which can result in heavy fines and even jail 11/29/2012 time 4

5 To facilitate business activity outside of Belize To hold property outside of Belize Standard share capital of US$50, Minimum of 1 Director and 1 Shareholder Names of Shareholders, Directors or other Officers not recorded in Public Registry Bearer Shares may be issued Registered Office/Address, and Nominee Services Easy to do banking and trading internationally 11/29/2012 5

6 Fiduciary Arrangement for protection and transfer of assets to named beneficiaries Agreement between Grantor/Settlor, Trustees, and Protector (if required) Can hold any assets outside of Belize, including shares in a Belize IBC or any other Company Funds under management can be further invested and/or diversified Only name of Trust and Trustees filed with Registry 11/29/2012 6

7 Foundations Mutual Funds Limited Liability Companies Ship & Yacht Registration Non-Profit Organizations Brokerage & Trading Options Facilitating Licenses in Belize Residency 11/29/2012 7

8 Residency - The Qualified Retired Persons Program (QRP) For foreigners 45 years of age or older. Applicant can add spouse and/or children under 18 on same application; children from can qualify by showing proof that they are currently enrolled in college. Applicants must show proof that they are currently earning US$2, per month or more, or any equivalent of such. This can also be the total of 5 years of the above requirement held in a bank account in the name of the applicant and/or spouse (if on application), and or business owned by applicant. 8

9 QRP Requirements and Procedures Copy of birth certificate Copy of marriage certificate (if married and spouse is dependent on application) Notarized colour copy of all pages of passport, including blank pages and covers Recent (not older than 3 months) criminal history report from your local authorities Certified results of a complete medical examination, including HIV/AIDS test 8 colour passport size pictures: 4 of front view, 2 of left view, 2 of right view 9

10 QRP Requirements & Procedures After acceptance, QRP must deposit the equivalent of US$24, or more per year into an account at a Belize banking institution. These funds can be used by the QRP throughout the year, as they are expected to be retirement funds. The QRP must spend at least 30 days per year in the country, and QRP status must be renewed every year. This is done by providing copies of passport pages showing entry into the country, and copies of bank statements showing funds coming into the account. 10

11 Belize Retirement Advantages We can receive your application and required documentation, review and submit to the authorities, and get your ID cards processed without you coming to the country. Acceptance and ID cards can take as minimum as 30 days after all required documentation and payments have been submitted. QRP can bring all household goods and personal effects into the country DUTY-FREE within one year after being accepted. Also, a vehicle, boat or small aircraft every 3 years while under this program. 11

12 Belize Retirement Advantages We connect you with shipping and other moving logistics organizations to make your move to Belize easy and hassle-free. We assist you with setting up a local business to do business in Belize, or you can set up offshore entities while under the QRP program, and still have access to both local and offshore banking services. We can also assist in finding property in Belize through our network of real estate associates. Ask your tax advisor what advantages you can get by having a second residency when reporting your offshore assets. 11/29/

13 International Affiliation United Nations (UN) World Trade Organization (WTO) Caribbean Community and Caribbean Common Market (CARICOM) Central American Integration System (SICA) Organization of American States (OAS) The British Commonwealth of Nations African, Caribbean & Pacific Group of States(ACP) Non-Aligned Movement (NAM) San Jose Group Association of Caribbean States (ACS) Caribbean Development Bank (CDB) The World Bank Group International Monetary Fund (IMF) Inter-American Development Bank (IDB) International Committee to Protect Journalist 11/29/

14 Frequently Asked Questions: Can I move my IRA offshore? Can Belize offshore entities work with other jurisdictions? With what other jurisdictions do you work? Does QRP lead to citizenship/passport? What happens if the BZ$ is devalued? What else can we do at Georgetown Trust? 11/29/

15 BELIZE PROTECTING YOUR ASSETS! PROTECTING YOU! 15