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International Trust Regulation

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TRUSTS
BELIZE:STATUTORY INSTRUMENTNo. 68 of 2007
______…______
REGULATIONS made by the International Financial Services
Commission, with the approval of the Minister, pursuant to section
65H of the Trusts Act, Chapter 202 of the Laws of Belize, 2003 (as
amended by Act No. 9 of 2007), and all other powers thereunto it
enabling. (Gazetted ……26
th June, 2007.)
1. These Regulations may be cited as the
INTERNATIONAL TRUSTS REGULATIONS, 2007 .
2. (1) In these Regulations –
“the Act” means the Trusts Act, as amended by the
Trusts (Amendment) Act, 2007;
“the Commission” means the International Financial
Services Commission established under the
International Financial Services Commission Act;
Short title
Interpretation
CAP. 202
Act 9/2007
CAP. 272

2
“dollar” or “$” means dollar in the currency of the
United States of America;
“Registrar” means the Registrar of International
Trusts;
“Registry” means the Registry of International Trusts.
(2) Other words and expressions used herein shall have
the meanings respectively assigned to them in the Act.
3. An application for registration of an international trust shall
consist of the following: –
(a) completed application form as set out in the First
Schedule to these Regulations;
(b) an affidavit from the Trust Agent in the form set out
in the Fourth Schedule, verifying that all the
information required to be kept by him under section
65A(5) of the Act is duly held and recorded by him;
(c) the prescribed fee as set out in the Second Schedule to
these Regulations; and
(d) any other documentation as may from time to time be
required by the Commission.
CAP. 202
Act 9/2007
Application
requirements
First Schedule
Second Schedule
Fourth Schedule

3
4. The fees set out in the Second Schedule to these Regulations
shall be charged for the registration, amendment, restoration or
other matters relating to international trusts.
5. Where it is established to the satisfaction of the Registrar
that an international trust was an ‘exempt trust’ at the date of
commencement of the Trusts (Amendment) Act, 2007, and was
duly registered at the General Registry in Belize City on payment
of the prescribed fee, such a trust shall be exempt from the
payment of the initial registration fee under these Regulations.
6. The certificate of registration of an international trust shall
be in the form set out in the Third Schedule to these Regulations.
7. Every person who for the purpose of procuring registration
of an international trust, or in connection with an amendment,
restoration or any other matter relating thereto, gives false, untrue
or misleading information or fails to disclose material facts or
circumstances, commits an offence and shall, without prejudice to
the power of the Registrar to cancel the registration of such a trust,
be liable on summary conviction to a fine not exceeding five
hundred dollars, or to imprisonment for a term not exceeding six
months, or to both such fine and imprisonment.
8. The International Trusts Registry shall be located at the
Office of the Commission, Belmopan, Belize, C. A. Fees for registration
and other services
relating to
international trusts.
Second Schedule
Exemption from
registration fee .
Form of certificate
of registration.
Third Schedule
Penalty for false
information, etc .
Location of
Registry.
Act No. 9 of 2007

4
MADE by the International Financial Services Commission this 20
day of June, 2007.
(SYDNEY CAMPBELL )
CHAIRMAN
International Financial Services Commission
APPROVED by the Minister responsible for international
financial services this 25
th day of June 2007.
(SAID MUSA)
Minister of Finance,
Minister responsible for
International Financial Services

5
TRUSTS
BELIZE:
FIRST SCHEDULE(Regulation 3)
For Official Use
International Financial Services Commission
International Trusts Regulations
Application for
REGISTRATION OF AN INTERNATIONAL TRUST
NOTES:
1. Complete all sections as fully as possible and attach any supplementary sheets,
where appropriate.
2. Completed application form and supporting documentation, such as Trust
Agent’s affidavit, together with the appropriate registration fee, should be
submitted to:
THE REGISTRAR OF INTERNATIONAL TRUSTS
International Trusts Registry,
Office of the International Financial Services Commission
New Administration Building (Second Floor)
Belmopan, Belize, C.A.
Telephone: 501-822-3800
Fax: 501-822-3810
E-mail: legalconsl@btl.net or legal_consl@yahoo.com

I. Name of the trust
________________________________________________________________________
_
Date Received Reference

6

II. Date of settlement of the trust or declaration of trust
________________________________________________________________________
_

III. Name(s) of the trustee(s)
________________________________________________________________________
_
________________________________________________________________________
_
________________________________________________________________________
_

IV. Name(s) of the protector (if any)
________________________________________________________________________
_
________________________________________________________________________
_
________________________________________________________________________
_

V. Name of the Trust Agent
________________________________________________________________________
_
Address of the Trust Agent
________________________________________________________________________
_
________________________________________________________________________
_
________________________________________________________________________
_
Telephone _____________________________ Fax _________________________
E-mail _________________________________________________________________
_

VI. Purpose of the trust (if any)
________________________________________________________________________
_
________________________________________________________________________
_
________________________________________________________________________
_

VII. Documents submitted with the application:
________________________________________________________________________
_
________________________________________________________________________
_

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________________________________________________________________________
_

VIII. State below any other material information which you consider relevant to the
registration of the trust.
________________________________________________________________________
_
________________________________________________________________________
_
________________________________________________________________________
_

IX. I undertake to inform the Registrar forthwith of any material change to the
information supplied on this form.
Name (block capitals) ________________________________________________________________________
Capacity
________________________________________________________________________

(State whether applying as a settlor, trustee or trust agent)
Signed ___________________________ Date _________________________
N.B. 1. It is an offence to give any false or misleading information.
2. All cheques or money orders should be made payable to the
“International Financial Services Commission”.
Amount enclosed ………………………………………………..
………… US $ ________________
_____________ … ____________

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TRUSTS
BELIZE:
SECOND SCHEDULE(Regulations 3 & 4)
FEES
Type of Services Amount
US $
1. Registration of international trust $ 100.00
2. Additional fee for late registration under $ 50.00
section 65B (2)
3. Recording of amendments to trust particulars $ 50.00
under section 65B (5)
4. Replacement of lost or damaged certificate of $ 50.00
registration
5. Restoration of the trust to the Register under $ 50.00
section 65G (3)

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6. Inspection of entry of a trust on the Register $ 25.00
by a person authorized by the trustee or the
trust agent under section 65C (1)
7. Recording of changes in the Register of Trust $ 50.00
Agents under section 65F (3)
NOTE: All cheques and money orders should be made payable to the
“International Financial Services Commission ”.
TRUSTS
BELIZE:
THIRD SCHEDULE
(Regulation 6)
INTERNATIONAL FINANCIAL SERVICES COMMISSION
INTERNATIONAL TRUSTS REGISTRY
C E R T I F I C A T E O F R E G I S T R A T I O N
This is to certify that
________________________________________________________________________
_____ ,
(Name of the Trust)
having satisfied the requirement of the Trusts Act (CAP. 202), as amen
ded by Act No. 9
TRUST NO.

10
of 2007, and the International Trusts Regulations, was registered as an International
Trust on the _______ day of _______________ , _____________ .
Date of Issue: ___________________ _____________
___________________
REGISTRAR OF INTERNATIONAL TRUSTS
N.B. This certificate is issued under section 65 B (4) (b) of the Trusts Act, as
amended by Act No. 9 of 2007.
TRUSTS
BELIZE:
FOURTH SCHEDULE
(Regulation 3(b) )
IN THE MATTER OF THE TRUSTS ACT
(as amended by Act No 9 of 2007)
AND
IN THE MATTER OF REGISTRATION OF AN INTERNATIONAL TRUST
AND
IN THE MATTER OF ______________________________
(Name of the Trust)
TRUST AGENT’S AFFIDAVIT
(as required by Section 65B (3)(a) )

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I _______________________ of _________________________ MAKE OATH
(Name) (A
ddress)
AND SAY (or sincerely and solemnly declare) as follows:-1. I am the Secretary (or Director) of _____________________________,
(Name of the Trust Agent, if a company)
and am duly authorized to make this affidavit (or declaration) on its
behalf.
2. I have carefully read the Trusts (Amendment) Act, 2007 [providing for
compulsory registration of international trusts] and the International
Trusts Regulations.
3. I am aware that under section 65A (5) of the said Act, every Trust Agent
is required to maintain a record of international trusts in respect of
which he or it is the Trust Agent, containing certain information set out
therein.
4. The Name of the Trust herein is ___________________________ and it
falls within the definition of an ‘International Trust’ as given in
section 64 (1) of the said Act.
5. The date of s ettlement of the said Trust is ___________________.
6. The Trustee of the said Trust is ___________________________
_____________________________________________________.
(Name and address)
7. The Protector of the Trust (if any) is ____________________________.
(Name and Address)
8. The Trust Agent is __________________________ with offices
located at ____________________________________________.

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9. I hereby declare and certify that all the information required to be kept
by the Trust Agent under the aforesaid section 65A (5) is
duly held and recorded by __________________ _________________
(Name of the Trust Agent)
in respect of ______________________________.
(Name of the Trust)
10. I acknowledge that if the information and declaration given above is
found to be false or incorrect in a material particular, it would constitute
professional misconduct for the purpose of Regulation 33 of the IFS
Practitioners (Code of Conduct) Regulations (S.I. 94 of 2001) and we
will be liable to the penalties prescribed in the said Regulations without
prejudice to any criminal offence which may have been committed
thereby.
11. And I make this oath (or declaration) conscientiously bearing in mind
the provisions of the Oaths Act, Chapter 130 of the Laws of Belize.
SWORN TO )
(or declared) )
at _________________ ) _________________________________
on the _____________ )
_____________ 2007 )
BEFORE ME
___________________________________ JUSTICE OF THE PEACE

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OR NOTARY PUBLIC

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