During the last few years Singapore has emerged as a preferred trust destination for high net worth individuals interested in this type of structure. The main reasons these come to Singapore to establish private trusts with the aim of protecting their families are:
Our company formation specialists in Singapore can offer a broad definition of the trust.
The private trust family company, shortly known as the PTC, is the best choice for those seeking to open a company in Singapore with the purpose of administering the business themselves. Moreover, the Singapore private family trust is also an useful succession planning tool.
In order to create a PTC in Singapore, the settlor must register a special purpose vehicle in which the assets of the company will be held. Also, family members may act as shareholders in the company. The shareholders may also be the trustees of the company. This is the main difference from the ordinary trust in Singapore: the beneficiaries can hold shares in the private family trust, while in the trust there is no shareholding structure.
Opening a private trust company implies the registration of a private company in Singapore. Our Singapore company formation agents can assist with the registration of private family trusts in the city-state.
Apart from the reasons mentioned above, there are several other advantages of settling private family trust companies in Singapore. Among these are:
Foreign investors interested in opening a private family trust in the city-state can rely on our company formation consultants in Singapore. You can also contact us for company registration services in Singapore.