Belize Trust Features

If the settlor is not resident in Belize during a tax year, none of the beneficiaries are resident in Belize during that year, and the trust does not own property located in Belize. There are following exemptions:

the income of the trust for that year in accordance with the provisions of the Income Tax Act;
there is no estate, inheritance, succession or gift tax or duty related to the trust property in case of any death occuring during that year;
there is no stamp duty on all instruments executed in that year as related to transactions carried out by the trustee;
for the Exchange Control Regulations, 1976, with regard to the property of the trust and transactions carried out by the trustee on behalf of it, a trustee of an exempt trust is considered non-resident.