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US
Dollars |
| Establishment Fee payable upon initial settlement using our standard trust deed. Non Standard Deeds will be subject to a surcharge based on time spent to accept it. |
500 |
| Government Stamp Duty (upon initial settlement) |
75 |
Annual Trustee Fee The annual trustee fee pays for legal domiciliation of the Trust in Vanuatu, European Trust Co. Ltd.’s legal liability in respect of the Trust and responsibility for the assets, professional indemnity cover, and Fidelity guarantee insurance.The fee is charged in advance based on the market value of the assets, as at each anniversary date of the Trust ;
- 0.40% on first US$1,000,000
- 0.20% on next US$2,000,000
- 0.10% above US$3,000,000
For the purpose of assessing the fee, additions to the Trust during its financial year will be charged on a prorata basis. |
Minimum 750 p/a
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| Payment Bond (payable on establishment of trust) |
300 |
Other fees:
- Time charges not relating to the above services are on a time-spent basis, including all management, accounting, and correspondence work in respect of a Company, Trust or Nominee account not covered by other specific charges. Time spent at the request of clients, outside normal business hours, will be charged at 1.5 times normal rates.
- Termination/Distribution Fee : based on the market value of the trust’s assets, charged at 1%.
Copyright © 2000, European Trust Co Ltd This page last updated 09-Feb-2000
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