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Things You Need to Know About Private Trust Setup Services in Hong Kong
Setting up a private trust company in Hong Kong is a good way to preserve wealth and assets in trust. A private trust company is an ideal tool for family businesses and investment planning while ensuring that the succession process is smooth.
Advantages of a Private Trust Company in Hong Kong
Establishing a private trust company can help to ensure that a person’s wealth and assets are well-managed and the process to pass it on to desired successors is smooth. Proper administration and management of trust assets can also help to reduce taxes while ensuring that assets are distributed according to the desires of the settlor instead of the court.
Important advantages of setting up a private trust company in Hong Kong include:
- It is a reliable method of preserving and protecting wealth and assets
A properly created trust relies on laws that can regulate and ensure that wealth and assets are managed in a way that benefits the settlor and beneficiaries. A private trust company will hence benefit from the certainty that it can handle assets and wealth tied up in trust by acting as a reliable trustee. However, it is still important to choose professional trust services providers such as 3E Accounting Hong Kong to give proper consultation on how to set up a private trust company in Hong Kong.
- A private trust company that is run professionally can resolve potential conflicts in succession
For families that have a considerable amount of wealth and assets, it can become tricky to resolve succession issues and matters of inheritance. A private trust company that is run professionally can resolve such conflicts as it can interpret a trust document precisely and act within its role as a trustee to distribute trust assets the way the settlor intended to.
- It helps to ensure that financial records are kept and maintained
A private trust company is held accountable for ensuring that financial records and well-kept and maintained. This is important as it may be difficult to manage an extensive amount of assets and wealth while ensuring their value remains and does not deteriorate over a long period of time.
Looking for Private Trust Setup Services in Hong Kong?
3E Accounting Hong Kong is a holder of the Trust or Company Service Provider Licence (TCSP) which is granted by the Hong Kong Companies Registry. Our team of dedicated experts are fit and proper to handle matters of trusts and can carry out private trust set up services that can be tailored to a client’s specific requests and circumstances.
We are leaders in cost-effective professional solutions with expertise in professional company incorporation, accounting, corporate administration, company secretarial functions, compliance services, and more. We care about delivering quality service and are certified in various qualifications with high global standards of training and development.
Let our team of dedicated experts give you the service you deserve today.