1

Georgetown Trust, Ltd.

•One of the Leading Financial Service Providers since 1999

•Licensed to do Companies, Trusts, Foundations, Asset Protection & Asset Management, Fund Administration, Insurance Representative, Bank Administration

•Strict Client Privacy and Confidentiality

10/27/2016 2

• British Colony since 1798

• Political Independence in 1981

• British Common Law System

• Relatively new offshore center since 1989

• Geographical advantage to North Americans who make up a significant % of our client base

• English speaking – only one in Central and South America that is tax haven

• Strict banking and corporate secrecy and confidentiality – violation punishable by heavy fines and jail time

10/27/2016 3

•Political and Economic Stability

•Offshore business contributes significantly to the country’s earnings, so wide support among government circles

•Tax exemption with minimal filing to Belize govt.

•Easy to have relationship and communication with regulatory bodies

•Easily regulated environment – Efficient and Educated work force

10/27/2016 4

•Banking

•Corporations – International Business Companies, Limited Liability Companies, Domestic Business Companies, Overseas Registration of Foreign Companies, Continuation of Foreign Companies

•Trusts - Revocable and Irrevocable

•Foundations

•Life Insurance Wrapper

•Real Estate, Gold, etc.

•Residency

10/27/2016 5

• Easily regulated Banking environment – only 6 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 time 10/27/2016 6

•Cayman

•Cook Islands

•Austria

•Panama

•St. Vincent

•Seychelles

•Mauritius

•Switzerland

•Cyprus

10/27/2016 7

• To do international business, asset protection, banking, investments, etc.

• Standard authorized share capital of US$50k

• Minimum of 1 Director and 1 Shareholder

• Bearer Shares NOT PERMITTED

• Registered Agent, Office and Address in Belize

10/27/2016 8

•Flexibility

•Exemption from all taxes in Belize

•Names of Shareholders, Directors and Officers not filed with the IBC Registry

•Changes in company structure not filed with Registry

•Defer ordinary income generated outside your country, and retain earnings

10/27/2016 9

•Hybrid between a corporation and a partnership

•Modeled after Nevis, Delaware and Cook Islands

•Treated as tax-transparent, flow-through, disregarded entities for federal tax purposes under US IRS regulations

•Needs only 1 Manager and 1 Member

10/27/2016 10

•Flow-through passive income from bank accounts, interests, investments

•Works similar to US LLC’s, so great for similar tax planning, with the offshore advantage

•Distribution of profits to members without incurring taxable event

•Only judgments delivered by a court in Belize shall be enforceable against an LLC or members

•Holding property gaining passive income

•Names of Members, Managers and Officers are not filed with the LLC Registry

10/27/2016 11

•Similar to IBCs, but denominated in BZ$

•Registered under Chapter 250 of the Laws of Belize, hence the aka 250 company

•To do business in Belize, hold property in Belize, to hold shares in an already existing Belize company

•Names of Directors and Officers are filed with the Companies Registry

•Does not have to be set up by a licensed financial service provider

•Annual filing requirement

10/27/2016 12

•Foreign corporation, further registered as an Overseas Company in Belize

•Able to open an offshore account in another jurisdiction, and a domestic bank account in Belize, in BZ$

•Able to do business in Belize, hold property in Belize, hold shares in an already existing Belize domestic business company

•Continuation of an offshore company from another jurisdiction, registered further as an offshore company in Belize

10/27/2016 13

•Anguilla

•Cook Islands

•Mauritius

•Nevis

•Panama

•Seychelles

•St. Vincent

10/27/2016 14

• Fiduciary Arrangement for protection and transfer of assets to named beneficiaries

• Agreement between Grantor/Settlor, Trustees, Trust Agent, 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, Trustees, Protector and Trust Agent filed with Registry

10/27/2016 15

•Nevis

•Cook Islands

10/27/2016 16

•Originally established for non-profit/charitable purposes, but now mostly for private purposes.

•Founder, Protector (optional), Foundation Council Members, Beneficiary(s).

•Governed by the terms of a Foundation Charter, sometimes accompanied by a Letter of Wishes.

•Irrevocable by its nature, and can be established for an indefinite period.

•Privacy

10/27/2016 17

Other Foundation Jurisdictions

Panama

18

Alternative Investment Opportunities

Real Estate

Agriculture

Forestry

Gold and Precious Metals

Technology

10/27/2016 19

Mutual Funds

Offshore Re-Insurance

Ship & Yacht Registration

Non-Profit Organizations

Brokerage & Trading Options

Licenses for Various Financial Services

10/27/2016 20

•Passport (sometimes “plus another ID”)

•Proof of Physical Residential Address

•Either 2 Bank Reference Letters

•OR 1 Bank Reference Letter AND 1 Professional Character Reference Letter from an Attorney or CPA

•Updated CV/Resume (recent)

•Criminal History Report (recent)

10/27/2016 21

Residency In Belize

Visitor’s Visa – 30, 60, 90 days

Work Permit

Permanent Residency

Citizenship/Nationality → Passport

Qualified Retired Persons (QRP)

10/27/2016 22

Qualified Retired Persons Program

45 years of age or older

Spouse and/or children as Dependents

Proof of Income

No requirement to be in the country before

Can be done remotely

Work through an agent

Duty exemption

23

Requirements

24

Birth certificate

Marriage certificate (if married and spouse is dependent on application)

Passport Copy

Criminal history report

Medical examination, including HIV/AIDS test

8 colour passport size pictures: 4 of front view, 2 of left view, 2 of right view

As A QRP

Renewable every year

Bank account in Belize for US$24,000.00

30 days per year

Resident of Belize status

Local and International Account

25

PROTECTING YOUR ASSETS

PROTECTING YOU26