Cititrust

Overview

History

Cititrust first began operations in Belize City in 1994. From that base the company grew rapidly, adding
additional services, opening new offices (the United Kingdom in 2002, Hong Kong in 2005, Barbados
and Seychelles in 2008) and entering into new strategic partnerships. Because of that growth and a
commitment to customer service, Cititrust today is both the oldest and largest international financial
services firm in Belize.

Cititrust’s drive for growth

continues through to today with • CIL Hong Kong
current plans to expand Cititrust • Barbados
geographically into mainland China Offices • Panama
as well as Russia and the Ukraine • Seychelles
well under way. As well, strategic
partnerships with other overseas
firms in the industry are being
signed regularly. This continued
Legal • Solomon-Harris
expansion both in terms of products
Partners • Glenn D Godfrey
.
and jurisdictions offers increasingly
innovate solutions for our clients.

Company Structure
• Choice Bank
Cititrust maintains a decentralized Other
Partners • Antigua
network of regional offices. This Overseas Bank
independence ensures the greatest
degree of flexibility and
responsiveness. Regional offices,
those closest to the clients take the
initiative while working in a co-
ordinated manner with other offices to offer clients custom tailored solutions across various jurisdictions.
This system of decentralized regional offices rewards initiative and ensures the absolute best customer
service.

In addition to our regional offices Cititrust also utilizes a wide network of strategic alliance with law
firms, tax advisor and other financial service providers around the globe. These partnerships allow us to
offer an even greater range of services to our clients without the associated overhead costs. The client
benefits from greater variety and lower costs.
Cititrust
Statistics

Founded 1994
Ownership Structure Joy Godfrey, Glenn Godfrey - 100% owners
Management Structure Joy Godfrey-Managing Director, Glenn Godfrey-Director
Number of Employees 25-30

Number of Offices

Belize (Headquarters) 1994 Seychelles 2008

United Kingdom 2002 Barbados 2008
Hong Kong 2005 Panama 2009

Affiliates

British Virgin Islands Gibraltar Geneva

Malta United Arab Emirates Jersey
Samoa China Liechtenstein
Brunei Switzerland Luxembourg
British Anguilla Marshall Islands Cayman Islands
Cyprus Isle of Man

Clientele
Professional intermediaries (lawyers, bankers, wealth management and tax advisors)
Corporations
Private individuals

Services Offered
Cititrust provides corporate services to implement manage and maintain the full complement of international tax
planning solutions for:

International Holding Corporate structures International Trusts

International Trust and Estate solutions
International Real Estate Transactions
Cross Border Intellectual Property Transactions
Belize, Barbados and Seychelles domestic and IBCs
Protected Cell companies
International Banking licenses
Captive Insurance
Turn Key E-commerce operations
Societies with Restricted Liability (S.R.L)
Mutual Funds - Licensing, set-up and administration
Hybrid Companies – Quasi Trusts
Limited Liability Partnerships
International Life Insurance - Single Premium

Service Statistics
IBCs 65%
Trusts 15%
Foundation, Ship Registrations, Aircraft Registrations, Virtual Offices,
Flexible Variable Life Insurance , Deferred Variable Annuity, Copyrights,
Cititrust
Patents, Trademarks, Seals, Mutual Funds 20%

Biographies

JOY VERNON-GODFREY CURRICULUM VITAE

Name Joy Vernon-Godfrey

Address 35 Barrack Road, Suite 301
Belize City, Belize, C.A.
E-mail joy@cititrust.biz
Place of Birth Belize City, Belize

Educational Background

Regent University, Virginia Beach, VA 200; Masters International Taxation

University of Belize, Belize City 1997; Bachelors of Business Administration

Professional Career

Director/Owner Cititrust International Ltd. (1994 – Present)

Director, Belize Offshore Center (1996 – Present)
Director of Tourism, Country of Belize (1990 – 1993)
Branch Manager, Atlantic Bank Ltd. (1981- 1990)
Legal Secretary, Youngs Law Firm (1979- 1981)

Appointments & Awards

Chairlady, Provident Bank & Trust of Belize Ltd. (2003 to 2009)

Director, Provident Bank & Trust of Belize Ltd. (2000 to 2009)
Commissioner of the Supreme Court (2000 to Present)
Justice of the Peace of Belize (1999 to Present)
Active Member – Belize Chamber of Commerce (1997 – Present)
Active Member - Asia Pacific Offshore Institute (2001 – 2010)
Active Member –Society of Trust and Estate Practitioners (2002 – Present)
Active Member –International Tax Planning Association (2001 – Present)
 GLENN D. GODFREY CURRICULUM VITAE

Name Glenn Derick Godfrey

Address 35 Barrack Road, Suite 301, Belize City, Belize
E-mail glenn@godfreylaw.net
Place of Birth Belize City, Belize

Educational Background

Norman Manley School of Law, Mona, Kingston, Jamaica, (1977-79) Certificate of

Legal Education
University of the West Indies, Cave Hill, Barbados, (1975-77) Bachelor of Law
Stanford University, Palo Alto, California (1971-73) MA in English & Creative Writing
Xavier University of Louisiana, New Orleans, Louisiana, (1969-71) BA in English
Saint John’s Sixth Form (Jr. College) Belize City (1966-68) Associate of Arts & Science
Saint John’s College (High School), Belize City, (1962-66)
Holy Redeemer Primary School, Belize City, Belize (1954-62)

Professional Career

Chairman, Alliance Bank of Belize, (2001-04)

Director, Cititrust International Ltd.
Director, Provident Bank and Trust of Belize Ltd., (1999-04)
Senior Partner, Glenn D. Godfrey & Co., Attorneys-at-Law (1993-Present)
Member of Parliament, National Assembly of Belize, (1989-98)
Attorney General, Minister of Tourism & Environment, Government of Belize, (1989-93)
Senior Partner, Glenn D. Godfrey & Co, Attorneys-at-Law, (1979-89)
Lecturer in English/Writer-in-Residence, Xavier University of Louisiana, New Orleans,
Louisiana, (1973-75)
Research Fellow, Stanford University, (1971 –73)

Appointments & Awards

Senior Counsel, Supreme Court of Belize, (1990 – Present)

Active Member –International Tax Planning Association (2001 – Present)
Member, International Financial Services Commission, (1999 – Present)
Chairman, General Legal Council of Belize, (1989-93)
Member, Council of Legal Education, Bridgetown, Barbados, (1989-93)
Edith Mirrilee’s Creative Writing Fellow [Stanford University] 1971-73
Readers’ Digest/NAACP National [U.S.] Short Story Award (1971)
Xavier University of Louisiana, Scholarship for Excellence in Creative Arts, (1969)
National Poetry Prize [Belize] (1966 & 1968)
CIL
Hong Kong

CIL (Hong Kong) Limited

CIL (HONG KONG) LIMITED incorporated since 2005 offers comprehensive Global Service to
you. Our size and reach means that our multi-disciplinary teams are able to support international
clientele in both their day-to-day needs and strategic objectives. We take a cross sector approach
that is critical to the success of your cross-border trade and investments. We offer a menu of
services from which structures can be tailored to suit specific needs and also bring to you the
advantages of various jurisdictions working with you to customize services, utilizing banking
facilities and tax treaties.

Company Overview

Founded: November 8th 2005

Address: CIL (Hong Kong) Limited
Suite 1005, Albion Plaza
2-6 Granville Road
Tsimshatsui, Kowloon
Hong Kong
Email: services@cilhk.hk
Company Formations: >200
Clientele: Hong Kong based 100%

CIL International Banking

After incorporating your offshore company, CIL can assist with opening a bank account.
Offshore companies are not required by law to hold their bank accounts in the country of
incorporation and so in many cases companies choose to open foreign bank accounts. CIL has
professional relationships with several international banks in many countries and jurisdictions
including:

Heritage International Bank & Trust of Belize Limited

Choice Bank Limited
Antigua Overseas Bank