Trust and Wealth Structuring in GMC

A family looking at the Gelephu Mindfulness City Special Administrative Region (GMC) for a trust gets a common-law jurisdiction with a US-dollar tax code, beneficiary relief and three trust exemptions written into the statute. Knowing how each of those rules applies matters more than anything else in the planning.

Design trust and holding company structures under GMC's received common law and equity.

Advise on how the trustee is taxed under the Income Tax Act 2025 and how beneficiaries resident in GMC are treated.

Prepare structures for the foreign trust, philanthropic purpose trust and locally-administered trust exemptions.

Identify whether a trustee needs GFSO permissions, including the trustee and nominee exclusion and the Trust Service Provider rules in the GEN Rulebook.

Establish underlying GMC companies, LPs or LLPs and document succession, protector and reserved-power provisions.

International families using a GMC trust or trust-owned holding company for succession. Settlors who want a common-law trust in a USD jurisdiction with statutory beneficiary relief. Philanthropists establishing purpose trusts with GMC administration. Trust companies considering GMC as a place of administration.