Wyoming, USA
The State of Wyoming has a well-deserved reputation as a jurisdiction in which to form a new trust or re-locate an existing trust. In addition to innovative and flexible trust laws, the State has a very low tax burden, is rated in the top tier of fiscally sound state governments, and has a pro-business legislature and very business-friendly regulations.
Not least, Wyoming fits the US mould with regard to the Common Reporting Standard (CRS), which can have significant benefits for the very proper motives of some of our complex clients. Studies have consistently ranked Wyoming among the most favorable trust jurisdictions and it is also one of the most business-friendly jurisdictions in the nation:
- No state tax (income, estate, capital gains, corporate or gift),
- Innovative and flexible trust laws,
- Strong privacy laws, including no trust registration requirements,
- No transfer tax for 1,000 years,
- Easy trust reformation,
- Responsive legislature,
- Fast and efficient court system.
