Buckingham Administration Co. Ltd

How the scheme works

A scheme user (for example a company or self-employed person) contributes to an offshore trust (the Buckingham Administration Co. Ltd Nova Trust 1, the GCWealth Administration LLC Nova Trust 1 or some other trust) and claims the contribution as a deductible Corporation Tax or Income Tax expense. If the user is a company, the money claimed to have been contributed to the Trust is subsequently transferred to the company’s director, typically via another company they are a director and/or shareholder of. The director or self-employed person claims to have received this money from the trust either by way of loans, or to be holding it in a fiduciary capacity. No Income Tax or National Insurance contributions (NICs) are paid by the director or the self-employed person on amounts they claim to receive from the trust.

Addresses

• Buckingham Administration Co. Ltd: No.1 Orchid Garden Street, Belmopan, Belize
• Belize Offshore Services Limited: No.1 Orchid Garden Street, Belmopan, Belize
• St Guaden & Associates Limited: No.1 Orchid Garden Street, Belmopan, Belize
• GCWealth Administrators Limited: C/O Belize Offshore Services Limited, Suite 5 Garden City Plaza, Mountainview Boulevard, Belmopan, Belize

Connected companies

• Buckingham Administration Co. Ltd.
• Belize Offshore Services Limited
• St Guaden & Associates Limited
• GCWealth Administrators Limited