Trust and Foundation

Please refer to the simplified info. as per above. Whatsapp : (852) 6499 4686 Phone : (852) 2186 6936 Email : info@intershores.hk Disclaimer: Whilst reasonable care has been taken in provision of information above, it does not constitute legal or other professional advice. INTERSHORES does not accept any responsibility, legal or otherwise, for any error omission and accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, readers are advised to take appropriate professional advice before committing themselves to any involvement in jurisdictions, vehicles or practice. Categories: HK Company Set Up HK...

Please refer to the simplified info. as per above. Whatsapp : (852) 6499 4686 Phone : (852) 2186 6936 Email : info@intershores.hk Disclaimer: Whilst reasonable care has been taken in provision of information above, it does not constitute legal or other professional advice. INTERSHORES does not accept any responsibility, legal or otherwise, for any error omission and accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, readers are advised to take appropriate professional advice before committing themselves to any involvement in jurisdictions, vehicles or practice. Categories: HK Company Set Up HK...

The Hong Kong Limited Partnership Fund (LPF) governed under The Limited Partnership Fund Ordiance (Cap. 637) is very similar to the offshore limited partnership fund vehicles commonly used by assets management expertise. A LPF constituted by a partnership agreement, a registered office in Hong Kong and with at least one general partner and one limited partner. Broadly, there is no regulatory approval required, no minimum capital requirements for the limited partners, no restrictions on investments, with flexibility in relation to freedom of contract and there are broad safe harbours. Under the LPFO, the general partner (GP) has a duty to make a number of appointments,...

What Added Asset Protection Does a Nevis International Exempt Trust Offer? Typically, a Settlor looks for a safe and stable jurisdiction to maintain their assets and seek to protect the Trust Property from future litigants, who may attack the Trust in the hope of setting it aside in order to have access to the Trust Fund. An attempt to attack a Trust could come from an array of complainants such as; a disgruntled Beneficiary, a divorcing spouse or a future creditor. In the case of a Nevis International Exempt Trust, the Law states that: A creditor must first pay a bond of US$100,000 to the Minister of Finance in Nevis, before brining any action or proceeding against a Trust and...

A trust company is an entity that serves as an trustee to either a personal or business trust. The company will manage the trust and oversee the eventual transfer of assets to beneficiaries. A trust company isn’t limited to trust management . It can manage estates and custodial arrangements in addition to trusts and can also offer wealth management, asset management, brokerage and financial planning services. As fiduciaries, they have a legal mandate to act in the best interest of their clients at all times. Specialty businesses such as securities companies, commodities businesses, assets management companies or money service operators, etc. always have a pain point – how...

Trust is a fiduciary arrangement that the settlor transfers the assets to the trustee, and the trustee holds and manages the assets for the beneficiary according to the wishes of the settlor and the trustee can arrange the property effectively to the designated beneficiary. It works on dual ownership concept whereby the legal title is vested in one person (a trustee) and beneficial ownership vested in another (beneficiary). It is a popular vehicle and delivers much advantage. Components of a trust Settlor - a person who transfers rights and possession to the property owned by him. Protector (optional) - a person who guides trustees in carrying out their duties as settlor...

Labuan Foundations, which is a statutory creature under the Labuan Foundations Act 2010 (LFA), are generally no different from foundations found in other jurisdictions where it is a separate legal entity that holds assets with the objective of managing the assets for the benefit of a class of persons on a contractual basis. Labuan Foundations are also typically used for private wealth management and charitable purposes. Labuan Foundations are in some aspects different from other jurisdictions such as Bahamas, Jersey and Seychelles. The following paragraphs discuss some similarities and certain distinctions. Registered Office. Similar to the Bahamas and Seychelles, Labuan Founda...

Key Factors to Consider Selecting the proper jurisdiction for the Offshore Trust is a matter of critical importance. As a general rule, the jurisdiction should have a well-established trust law favorable to asset protection strategies. Further, it should be inconvenient or nearly impossible for a creditor to reach the assets of the trust by commencing an action in the foreign country.  Consider the following factors when selecting a jurisdiction for an Offshore Trust:   Ease of Communications Communication with the foreign trustee must be convenient. Fortunately, the use of e-mail and fax as well as improvements in telephone technology have made communication with even the most...