Articles

TRUST COMPANY: INTRODUCTION

by Alice Smith Professional Writer
A Labuan trust company is a separate corporate entity owned by an independent partnership or by any financial or law firms. Consumers often find their assets scattered among these institutions. A trust company provides services of investment tax and estate planning for clients. Doing business in Labuan is advised to be registered with a licensed trust company in Labuan. The trust companies act in a fiduciary capacity for their clients as trustees managing their finances. The majority of business companies hold their real assets in terms of trust in Labuan.

What does a Trust Company do?

Trust companies offer services related to investment and asset management. The primary function of a trust company is managing the investment portfolio within the trustees of their clients. Generally, investment management is done either by assigning an affiliated third party manager or in-house.

The investment ranges from individual security and mutual funds to real estate. Services by Trust company renders services that help boost the growth and income of a company. Administrating high net worth clients, alternative investment, private equity, and hedge funds are one of the primary services you can benefit from a Trust company. Regardless of the facilities provides, customized management service for each client is provided based on their risk-taking capacity. 

What is a Trust Company?

They provide services to clients who intend to do business in Labuan specifically. Their role is to employ financial professionals, which includes attorneys, CPAs, Tax professionals, trust officers, administrative personnel, and more, to assist the clients in running their businesses smoothly. Types of Trust –

  1. Revocable Trust
  2. Irrevocable Trust
  3. Living Trust
  4. Testamentary Trust
  5. Charitable Trust
  6. Incentive Trusts
  7. Retirement Trust
  8. Educational Trust

Why should you use a trust company?

Trust companies provide an array of services to their clients from a convenient centralized location. Time and effort are saved by eliminating the need to coordinate with brokers, financial planners, tax advisors, and attorneys. The trust company takes full fiduciary responsibility for their client's financial assets. Hence, the client's best interests are always assured in each service and transaction performed. Companies can choose to engage with any Trust company locally available and avail their services. 

The Conclusion

If you were to start a company or a business in Labuan, then it's a must register with a licensed trust company. Their work is to provide an array of services that range from investment administration to wealth management services, which includes tax preparation, tax advice, and financial planning services. Avail such a benefit in a foreign land and expand your company using the facilities and be free from Tax invasive or financial planning issues. Let a Trust Company is Labuan handle the rest of the work.

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About Alice Smith Freshman   Professional Writer

11 connections, 0 recommendations, 38 honor points.
Joined APSense since, March 28th, 2019, From Aptos, United States.

Created on Dec 10th 2019 23:37. Viewed 202 times.

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