People seeking financial confidentiality and the ability to reduce or defer taxes.

Hallmark Bank & Trust Ltd. operates in jurisdictions where zero taxation can offer significant tax savings on investment gains and income for global investors. Once investors elect to establish an international trust or IBC, absolute confidentiality and privacy are protected by local government legislation.
Some countries allow new immigrants a tax "holiday" afforded to gains on capital that is ultimately to be brought into the country, if it is left offshore during this grace period. If the capital is not required in the new country, an international structure may shelter the assets and their income from taxation indefinitely.

Individuals or companies interested in transporting retirement savings plans, pension plans or corporate retained earnings internationally for investment flexibility and/or taxation reasons.

In many countries there are restrictions on the investment alternatives available for retirement products, thus limiting the available rates of return. There may also be limitations on the utilization of retirement funds after retirement. The same can be said for retained earnings in many jurisdictions. Also, if the future holds emigration to another country after or prior to retirement, having retirement funds there waiting could have substantial tax benefits.

Individuals, families, and businesses wishing to establish asset protection structures.

International investing can be an extremely effective way to ensure security and growth of your financial assets for generations to come. It is also an excellent means of transferring assets to other family members or dependents in the most tax efficient manner. You may wish to guarantee the continuation of a family business. If the shares of the company are transferred to an international financial structure prior to death, it can be used to prevent the unnecessary or ill-timed liquidation of a family company.

The filing of often spurious lawsuits could result in the average business owner or professional being sued several times during his or her lifetime and expose them to potentially ruinous judgements. Asset protection trusts protect you in the event of bankruptcy, illness, divorce, exchange controls, man made disasters, political instability and frivolous lawsuits.

Individuals with substantial international assets obtained through inheritance, royalties, etc.

Leaving such assets internationally in a properly designed financial structure can defer taxes indefinitely while taking advantage of worldwide investment opportunities.

Corporations wishing to conduct or attract business abroad.

Corporations also benefit from holding assets and conducting business in an international jurisdiction with or without tax treaties. Furthermore, individuals or corporations may choose to form an IBC (International Business Company) which, in conjunction with a trust, also provides asset protection, flexibility and global investment opportunities. Financial assets gained during international business operations may be held in offshore estate planning financial structures without being subject to taxes.

Estate Planning

Many jurisdictions have in place so called "forced heirship" rules. These laws provide that a deceased must make provision out of his estate for his spouce and children. If a deceased's estate makes no or inadequate provision, the courts may impose a requirement on the deceased's executor to make lump sum or periodic payments to the deceased's spouse and/or children notwithstanding that there may be very legitimate reasons the deceased excluded them. In the Turks & Caicos Islands there are no such laws and the courts will uphold the wishes of the deceased.

In many jurisdictions, death or estate taxes are imposed on the estate of a deceased. There are no such taxes in the Turks & Caicos Islands. Depending on the deceased's domicile at the time of his death, assets held in the Turks & Caicos Islands or by an internataional company or trust may not be subject to death or estate taxes in the decreased's country of residence.