Our client is a wealthy family with significant global assets. The family has structured a trust in the British Virgin Islands (BVI) and sought assistance from Bolder Group for trust administration services so the trust is compliant with the laws and the family’s assets are protected.
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 with the client, along with their advisors and lawyers, the trust’s purpose and their long-term financial objectives. Based on these, our professionals are currently assisting the family through the following solutions:
- Regulatory Compliance: Considering the family’s international business activities, they require a high level of expertise when it comes to international and local regulatory compliance in 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 has a strong presence in the BVI with professionals whose deep knowledge of 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.