Generally, Professional Trustee Services include:
- Professional Nominee Service
- Professional Custodian & Escrow services
- Professional Trust Solutions & Fiduciary Services
Professional Nominee Service
As a licensed Trust Company who can accept the entrustment of the Trust Settlor, in settlor’s capacity as a professional Nominee, we handle the wealth management, bank accounts, asset preservation, tax planning, or economic affairs in charitable institutions for the individuals or company directors of enterprises. In some cases, beneficiaries holding fiduciary shares outside a particular tax jurisdiction have significant tax benefits.
Professional nominee services cover：
- Order execution and redemption
- Dividend collection
- Arrangement for Valuation
- Consolidated reporting
As a licensed Trust Company, who carries fair perspective and professional knowledge of professional trust. Depending on the escrow agreement, Trust Company strictly manages personal/corporate funds, securities or important documents (wills, corporate equity books, etc.) for the Settlor. In accordance with the agreement, proceed with the instruction of principal and capital allocation.
Professional Custodian & Escrow services
Custodian & Escrow services cover：
- Escrow services for merger & acquisition
- Escrow services for international Trade. Escrow secures the payment obligation of the buyer against non-performance of the seller
- Escrow services for Project performance. Escrow facilitates complex transactions by creating payment guarantees and facilitating cross-border financial settlements
Trust & Fiduciary Services
- 1. Private Trust Arrangements
Wealth management and heritage planning are important programs in life.
As a licensed Trust Company who provides trust services with professional, independent and flexible. Protect the privacy and asset interests of each trust settlor. Planning the wealth management and future development with efficiency for high net worth individuals, family members and enterprise.
Scope of services include：
- Advice on suitable forms and jurisdictions for trust
- Establishing various types of trusts including discretionary, reserve power and testamentary and charitable trust
- Establishing private trust companies (i.e. limited private companies whose shares are held by the trustee)
- Estate and intergenerational planning
- Undertaking distributions to beneficiaries
- Advice on requirements to ensure tax exemption of charitable trusts
- Assisting in the selection of investment advisers and managers
- Assisting clients in sourcing independent services such as legal and tax advice
“It’s more blessed to give than to receive”, many successful enterprisers are Philanthropists who might want also to manage the donations greater and choose to set up charitable trusts. For a charitable trust, the intended beneficiary is a charity or charitable causes.
In Hong Kong, charitable donations generally afford the donors’ tax exemptions. A charitable trust may also be exempt from tax in respect of the profits generated from either its business activities or investments under section 88 of the Inland Revenue Ordinance. In order to be exempted, one has to apply to the Inland Revenue Department and fulfil certain conditions.
Trust Company assists clients in the establishment of a trust that will be approved for Charitable purposes.
- 3.Others Trust Arrangements
3.1 Individual or Family：
Every family situation is different. More and more people are establishing trust in order to protect their families. They hope to protect the minor child, provides the elderly care for themselves or their family members, or ensures the current and future medical resources for the family member who is disabled.
3.2 Enterprise：
For the sizeable enterprises, Trust Company can help to provide professional Trust solutions and management(eg, to establish and manage employee share option schemes as well as welfare trusts with tailored for an enterprise).
For more information about Trust Company, please browse the official website of our associate company at：www.uniontrust.com.hk ；For any inquiries, please feel free to contact us at +852 3583 6688 /微信或Whatsapp(+852 9366 4708) or email us at cs@offshore2.com , thank you!
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