BOSL can provide a comprehensive range of global custody services through its network of internationally recognised and highly reputable service providers offering clients with multi-currency custody, settlement and distribution services encompassing a wide range of financial instruments.

If required, BOSL can provide the necessary 'back office' functions for an investment management company, carrying out the administration and management of the company, and arrange the provision of the registered office, directors and secretary in a low-tax environment.

Pension and Provident Funds

Pension funds can be set up either by individuals who seek to plan for future retirement income or by corporations for the benefit of international staff who may regularly move from one country to another in the course of their employment. The pension funds are usually established as offshore trusts in jurisdictions, such as Belize, where there is no taxation of any sort on the income and capital gains of the funds, and no exchange control restrictions. Considerable advantages may be obtained from having such special corporate pension funds rather than having to create separate funds, subject to local rules and regulations, for each country where the corporation has its operations. Great flexibility can be included in the trust to meet the specific needs of both the employer and the individual employees.

Similarly, provident funds may be established to provide for savings by individual employees, who will be able to withdraw the funds on retirement, on leaving the company, or possibly on returning to their home country.

BOSL can act as Trustee for a pension fund or as manager of a provident fund. As part of our duties, we will also arrange the necessary investment management. The administration services include collecting and recording all contributions, accounting to each participant for their contributions, providing regular statements and reports both to the employees and the corporation and handling all payments from the fund as required.

Unit Trusts and Mutual Funds

BOSL can assist with the formation of collective investment schemes and can provide comprehensive services as Trustee and Custodian for unit trusts and mutual funds. The use of units trusts/mutual funds as an investment alternative is ever increasing and the managers of these funds require reputable third party Trustees/Custodians to hold the underlying assets, receive subscriptions, and pay out against redemptions.

Bond or Debenture Trusts

Corporations are often faced with the need to establish a trust relationship to handle their borrowing programmes. Corporations raising capital from non-domestic bond issues, debenture issues supported by foreign assets, or loan stock to foreign investors, will require corporate Trustees in an offshore jurisdiction to meet the needs of all parties. As Trustee, BOSL can help to balance the different constraints, regulations and taxation considerations that will exist in any multinational enterprise or business relationship.

Escrow Arrangements

Escrows are normally used to hold the underlying assets being bought by a buyer in one country from a seller in another. The payment terms are often over a lengthy period of time and can be complicated by possible currency risk, taxation implications, or exchange controls that might apply to one or both of the parties. To enable the sale terms to be structured efficiently to meet the needs of both parties, a reputable Trustee in a neutral tax-free jurisdiction is most often advisable. BOSL can provide the necessary trust framework and ongoing administration services.

Employee Stock Option Plans

With the increasing use of performance-related rewards for top personnel, corporations need to find efficient means of handling arrangements for a multinational workforce. What may be efficient in one jurisdiction may not be in another. To combat the many variations that might be required, BOSL can establish an offshore trust to hold the options and stock that would be available to qualifying personnel. The trust conditions must be as flexible as possible to meet the variable needs of the participants.