Some of the important characteristics of the international Bylaws of exempt trusts of 1994 are:

  1. A trust registered under the international Bylaws of exempt trusts of 1994 is entitled to the benefits and protection that the Bylaws establish.
  2. A registered agent arranges the application for registration.
  3. All information related to an international exempt trust, including the trust deed and the identities of the parties are subject to the Law of confidential relations of 1985.
  4. The Bylaws create a neutral and flexible surrounding that allows the use of family concepts of the law of English trusts.
  5. The trustees and beneficiaries of an international exempt trust are exempt from taxes in Nevis.
  6. 11. The period of perpetuity of an international exempt trust in Nevis is 100 years.

Some of the important characteristics of asset protection of international exempt trusts are

  1. An international exempt trust will not be null and will not be cancelled as a result of the bankruptcy of the trustee despite the trust being handled as null in the trustee`s local jurisdiction.
  2. A creditor is responsible for proving that a trustee established a trust with intentions of defrauding the creditors. The standard proof the creditor must provide should be "beyond reasonable doubt".
  3. A transfer of an international exempt trust by the trustee will NOT be considered fraudulent if:
  4. The transfer takes place 2 years after the date in which the creditor obtained the case (against the trustee) or
  5. When the transfer takes place 2 years after the date in which the creditor obtained the case, but such creditor does not start actions related to the case in a period of 1 year from the date of the transaction.
  6. The foreign sentences against trustees, beneficiaries and protectors of an international exempt trust in Nevis will not be able to prevail the sentence, contrary to the laws of Nevis.
  7. The "Elizabeth Statute" is not applicable to an international exempt trust in Nevis.
  8. The withholding of some powers or benefits by the trustee does not invalidate the trust.
  9. A creditor cannot alienate the interests of a beneficiary that "squanders patrimony" (spendthrift beneficiary).
  10. The forced inheritance rights in the trustee`s local jurisdiction cannot be imposed against the trust
  11. The creditors that would like to start actions against an international exempt trust in Nevis should, first of all, make a deposit to the Secretary of the Ministry of Finance to ensure the payment of all costs that could be charged to the creditor or trustee if the claim is unsuccessful.
  12. The existing trusts can change their address to an international exempt trust in Nevis.
  13. The international exempt trusts are exempt from all taxes in Nevis.