Trust administration services in the BVI
OCTOBER 17, 2023
Client Profile
Our client is a wealthy family with significant global assets. The family has established a trust in the British Virgin Islands (BVI) and has sought assistance from Bolder Group for trust administration services to ensure the trust's compliance with the laws and to protect the family’s assets.
Bolder as the trust administrator
Under our private wealth solutions, Bolder Group provides trust administration services to (ultra) high-net-worth families, in this case, the client who structured a trust in the BVI. The Bolder team discussed the trust's purpose and long-term financial objectives with the client, along with their advisors and lawyers. Based on these, our professionals are currently assisting the family through the following solutions:
Regulatory Compliance: Given the family’s international business activities, they require a high level of expertise in both global and local regulatory compliance within the BVI.
Accounting and Reporting: Our professionals ensure the trust adheres to relevant regulations by providing periodic accounting and reporting requirements. These solutions also give our client a transparent view of the trust’s financial health and performance. The Bolder team securely maintains all records of the trust’s activities.
Additionally, Bolder Group provides the family with estate planning solutions to safeguard the sustainability of the wealth and ensure a smooth transition to the next generation.
Bolder solutions
Bolder has a strong presence in the BVI with professionals whose deep knowledge of the BVI’s local laws and international regulations has helped clients ensure full compliance with regulations. In relation to the case above, we can provide clients with the following solutions, among others:
Initial structuring of the trust
Trust administration
Preparation of financial statements for the family
Legal compliance
AEOI registration and reporting
Trust portfolio management
We design our solutions to align with our clients’ needs. So, whether you are setting up a trust in BVI or looking for administration services, you can count on Bolder Group to free you from administrative burdens and achieve your financial goals.
To know more about our private wealth solutions, click this link or contact any Bolder representative.
