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The BVI Purpose Trust

BVI Purpose Trusts must be created in favor of purposes that are specific, reasonable and possible and that are not immoral, contrary to public policy or unlawful. An enforcer is required to be appointed, whose function is to  oversee the action of the Trustees and ensure that the Trust is administered in order to satisfy the purpose for which it was established.

Purpose Trusts are very useful in the commercial context, mostly in order to achieve the following objectives:

  • Asset Financing;
  • Division between Voting and Economic rights.

They can also be used in non-commercial related transactions, particularly in the following circumstances:

  • Private Trust Company (“PTC”);
  • Charitable Trusts;
  • Philanthropic & non-charitable Purposes.
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