The BVI and the Cayman Islands have both been long viewed as attractive and sophisticated jurisdictions for offshore trust and corporate structuring by Asian clients and their professional advisors. The generic flexibility of trusts has come to be appreciated by high net worth individuals and families in the region who, for a variety of reasons, have sought to structure offshore.
On the other hand, however, some features of a classic trust are now considered by some as inherent restrictions and in recent years there has been a growing demand for more innovative and user-friendly trust solutions. The leading offshore jurisdictions, such as BVI and Cayman, have sought to meet this demand via specific legislative amendments to classic trust principles.
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