Vistra Trust (BVI) will be headed by Simon Filmer and offer a range of BVI trust and corporate structures, as well as trustee, protector and full administration services.
Filmer, who has over 14 years’ experience in the fiduciary services industry, said: “Being granted a Class II Trust Licence by the BVI Financial Services Commission allows us to conduct BVI trust business without limitation.
“A short-form revocable VISTA trust precedent has also been developed, the Vistra Succession Trust, which is a very cost-effective way of avoiding probate for shareholders of BVI companies.”
When the International Business Companies Act was introduced in 1984, BVI became an attractive option for clients wishing to obtain reasonably priced offshore corporate vehicles. In 2006 the act was replaced by the BVI Business Companies Act and the region is now home to over 450,000 active corporate entities.
Vistra provides trust, corporate and fund services to high net worth individuals from around the world. As part of the OV Group, it employs over 500 employees in 30 offices covering 21 jurisdictions.
