Trusts In Gibraltar

Trust is a legal entity which was devised under Common Law. The parties to the Trust are:-

• THE SETTLOR - the person who initiates the Trust by gifting into the Trust a sum of money or other assets.
• THE TRUSTEES - the legal owners and administrators of the Trust assets.
• THE BENEFICIARIES - the persons who will benefit from the Trust.

The terms of the Trust are set out in a legal document - the Trust Deed which will define the trustees duties and responsibilities, and record the parties to the Trust at inception. In general, there is no requirement to file the Trust Deed or other documents on public record and providing no income arises or is paid to residents of the jurisdiction of administration, no tax is payable in the offshore centre.