Trusts

To be registered in French Polynesia, a trust may be created by an instrument in writing. The application must be made through a licensed Registered Trustee in French Polynesia. Different types of trusts may be registered pursuant to the Trust Act, for example Charitable, Purpose or Spendthrift Trusts. Trusts may revocable or irrevocable.

The Beneficiaries of a trust must be identifiable by name or ascertainable by reference to a class or a relationship to some person whether or not living at the time of the creation of the trust or at the time which under the terms of the trust is the time by reference to which members of a class are to be determined. The settlor of a Trust may also be the beneficiary of the Trust.

A Protector may be appointed however, a Protector of a Trust cannot also be the Trustee of the same trust.

The Application for the registration of a Trust must be accompanied by the Trust Deed or Deed of Settlement. The Registered Agent and Trustee are expected to obtain and maintain updated customer due diligence information on all the relevant parties to the trust. The application process takes up to one week.