TURKS & CAICOS INTERNATIONAL BUSINESS CORPORATION (IBC) Inclusive
Set-up Costs U.S. $2,250.00
Annual Maintenance Fees U.S. $2,100.00
Bank and/or Brokerage Account Opening Fee U.S. $500.00
Brokerage Account Annual Administration Fee U.S. $150.00
Wire Transfers In/Out U.S. $50.00
Credit Card Payments U.S. $15.00
Closing Fee U.S. $500.00
TURKS & CAICOS DISCRETIONARY TRUST (ASSET PROTECTION TRUST) Inclusive
Set-up Costs MINIMUM U.S. Minimum $3,100.00
Annual Maintenance Costs U.S. $1,500.00 Minimum
(No % of Asset Fees) Fee for Service
INCORPORATION FEES: HYBRID COMPANIES AND PANAMANIAN FOUNDATIONS
The incorporation of a Hybrid company or Panamanian Foundation is significantly more time consuming than the formation of an ordinary or exempt company. Incorporation involves a detailed investigation of the clients needs, assets and objectives. These structures offer many of the benefits available in respect to trusts formed internationally. They are not subject to the restrictive trust rules found in some jurisdictions and therefore are an ideal international investment vehicle for certain clients.
Fees for the incorporation of Hybrid companies and Panamanian Foundations are negotiable. The client should, however expect to pay more than for an ordinary or exempt company.
- The annual fees quoted above are payable yearly in advance on or before the 1st day of January in each subsequent year following the year of set-up.
- Corporate, trust and administrative services, other than as listed above, will generally be provided by Hallmark Trust Limited and billed on a per hour basis. For more information with respect to these additional services please contact your Hallmark Trust Limited representative.
- The fees quoted above are the minimum applicable fees. The set-up costs and annual costs may increase in the event that extensive revisions are required to the standard structures or where extensive consultation is required.
- The fees quoted above do include standard disbursements, however, should Hallmark Trust Limited, in its sole discretion, determine that the disbursements, associated with the implementation of any structure, are out of the ordinary, Hallmark Trust Limited shall be entitled to reimbursement for such additional cost and/or disbursements.