Amber Systems Ltd. has over two decades of expertise in both offshore and onshore trusts and foundations. As industry leaders, we specialize in offshore and onshore trusts, Private Trust Companies (PTCs), Purpose Trusts, and Foundations for families, high-net-worth individuals, and fiduciaries. Our extensive experience allows us to collaborate seamlessly with legal advisors from various jurisdictions, ensuring tax-efficient trust structures and providing valuable guidance on estate planning and asset protection.
Trusts
Clients of Amber Systems Ltd. can expect their matters to be handled by highly qualified Trust and Estate Practitioners (TEPs). We have a vast knowledge of both offshore and onshore trust administration and litigation. Our firm has played a critical role in updating trust legislation, including the abolition of the rule against perpetuities. We counsel many leading trust companies in The Bahamas, advising them on a wide range of matters—from creating complex private trusts for high-net-worth individuals and businesses to addressing intricate trust administration concerns.
Our team is highly experienced in liaising with offshore legal advisors to develop tax-efficient trust structures, and we have substantial expertise in establishing Asset Protection Trusts. We offer a comprehensive range of services, with our Trust and Litigation groups working collaboratively to handle contentious or potentially contentious matters.
Our services include:
- Fiduciary structures, including fixed or discretionary trusts (testamentary or inter vivos)
- Variation and rectification of trusts
Foundations
Amber Systems Ltd. is also a leader in Purpose Trusts and Foundations. We have been instrumental in assisting with the formation of numerous foundations and have played an active role in drafting amendments to the Foundations Act, ensuring the structures are tailored to our clients’ unique needs.
Private Trust Companies (PTCs)
A key function of a Private Trust Company (PTC) is to serve as the trustee of a specific trust or, in certain cases, a group of trusts. PTCs offer families more control over trust administration and appeal to individuals who seek added confidentiality regarding their financial affairs. Additionally, PTCs can reduce the legal exposure of professional trustees and resolve trustee succession issues, as they have perpetual life and can serve as trustees indefinitely.
While PTCs may not be suitable for every client, they provide significant advantages for high-net-worth individuals looking for bespoke trust services. One of our partners played an active role in consulting and drafting the PTC legislation adopted in December 2006, which expanded the range of financial services available in The Bahamas.
Wills & Probate
Amber Systems Ltd. has helped numerous high-net-worth individuals, business owners, professionals, retirees, and their families create comprehensive estate and trust documentation to ensure their complex personal and family needs are met. Additionally, our firm has probated or administered thousands of estates for both Bahamian residents and individuals residing outside The Bahamas.
One of our partners was heavily involved in the drafting of the Probate and Administration of Estates Act, 2011, which governs non-contentious probate proceedings. Our services include:
- Preparation and execution of wills and codicils
- Applications for probate and letters of administration
- Resealing of foreign wills
- Contentious probate applications
- Estate planning and administration
Immigration
Our firm also provides immigration-related services, assisting with:
- Applications for citizenship and residence
- Work permit applications and renewals
Amber Systems Ltd. is committed to delivering exceptional service across all our practice areas, ensuring our clients’ financial, legal, and personal needs are met with the highest level of professionalism and expertise.