NOTICE
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Please be advised, The Financial Services Commission, Providenciales office, will be closed to the public from Monday 23rd December 2024 to Friday 27th December 2024.
The full details of the Trustees Fees can be found in Schedule 2 of the Trust Companies Regulations 2016, but for ease of reference a summary is shown below.
| Small trust companies (gross revenue less than $2,000,000) | $10,000 |
| Medium size trust companies (gross revenue greater than $2,000,000 but less than $5,000,000) | $15,000 |
| Large trust companies (gross revenue equal to or greater than $5,000,000) | $20,000 |
*If the applicant is a wholly owned subsidiary of a licenced trust company, the fee payable on application shall be one-fifth of the fee otherwise payable. If a licenced trustee is a wholly owned subsidiary of another licenced trustee, the annual fee, including the proportion payable on grant of the licence, shall be one-tenth of the fee otherwise payable.
*When a licence is first granted, the annual fee payable for the initial year of the company’s operations shall be the relevant annual fee indicated above, pro-rated from the month in which the licence is granted to the following 31st March.