Bermuda’s Trust Law: Ticking All The Right Boxes

With the Transcontinental Trusts Bermuda Forum taking place next week, it is timely to reflect on some of the attractive features and structuring alternatives that Bermuda's trusts and related law provides and to consider some recent exciting developments.

Bermuda provides a flexible, cost effective regime for the formation and administration of private trust companies (PTCs), which are not regulated as a trust business.

Unlike a number of other jurisdictions, Bermuda's PTC regime permits corporate directors to be appointed as directors of the PTC; does not require directors or secretaries to be resident in Bermuda; and does not require a licensed administrator to administer the trusts.