Services: Key Benefits Of A Private Trust Company

Labuan Trust

Key benefits of a Private Trust Company:

  • Confidentiality of all matters relating to the trust instrument and family assets

  • Lower set up and operating costs compared to public trustees, who often charge fees based on the total asset value of the trust

  • Family members can be directors in the company and therefore may make decisions relating to its management and thus providing control of its assets

  • If a business is placed in a trust, the directors of the business can make up the Board of Directors of the Private Trust Company ensuring the direction of the business is managed effectively. Hence, should a change of business direction be required, the corresponding Board of Directors of the Private Trust Company can be changed allowing for flexibility in structuring.

  • The latter is useful in circumstances of dynastic succession where members of succeeding generations may be required to be involved in management of family affairs.

  • Labuan Private Trust Company may appoint an external auditor and conduct an annual audit. Nevertheless, it must ensure that all its accounting and other records are properly kept and managed.

Contact us for a non-obligation consultation
Feel free to let us know if you have any questions. We can customize our solutions to suite your needs so as to ensure that you achieve your objectives.

Business Development team
BBS Trust International Limited

+60 12-360 7313
+60 12-611 0168
+60 3-7772 6333
info -at- bbstrust -dot- com