Gibraltar
Trust Management
Trust management, particularly for wealthy UK
individuals, has been a traditional business
for Gibraltar. Successive tightenings of UK
anti-avoidance legislation have reduced the
possibilities for UK citizens, but trust work
continues to be significant; many Collective
Investment Funds are of course based on Trusts.
Gibraltar
has a well-developed legal and financial infrastructure
for trust management. With a large established
base of trusts, and a growing reliance on corporate
work, the volume of trust litigation is becoming
significant.
Trustees,
if they are not already members of the accounting
or legal professions, must be licensed by the
Financial Services Commission, which applies
a number of criteria to determining whether
a person or a company is 'fit and proper' to
have a license.
Click
on Formation of
Trusts or Taxation
of Trusts for further information.