Labuan trust company


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TOPIC: Labuan Trust Company

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A Brief Knowledge of Some Common Types of Labuan Trust Well! Before going into the explanation of some of the common types of Labuan trust, it is better to know something about a Labuan trust which is nothing but a clearly thought driven venture that lets the business owner to protect his assets if he has in abundance and could practice ways to save his assets from unauthorized access. So if you want to establish a trust in Labuan then it is not a bad idea at all as it safeguards your wealth and helps in building a relationship with trustees and beneficiaries. Fixed Interest Trust Accumulation and Maintenance Trust Purpose Trust

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What is a Labuan trust and why should you go for it? You might have come across the word trust or a trust company, so the Labuan trust company is also used for the same purpose meant for any other trust company and that is, it is used for different purposes, but its main focus and interest is to safeguard the assets and manage the assets and give complete protection to the assets kept in that company. This is again very flexible approach as both Malaysian and other foreign investors can form a Labuan trust company without any difficulty. For people who are not resident of Malaysia, they are free to introduce Malaysia property into the trust and for Malaysian residents; they can put their international assets into the trust. Who All Can Form a Labuan Trust?

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Highlight on Two Important Features of a Labuan Trust #Details about the Registration of the Trust in the Labuan Now one of the main criteria of opening a trust in the Labuan is that the investors have to draw the trust deed which is the main permitted document of the trust to function. Taking consultation from the specified department would help you as an investor to know more about the functionality and registration formalities of the trust. The trust deed is important to be drawn because it establishes the rights and obligations of the trustees and the settlor. The trustee is a legal entity or a representative who manages and operates the trust and look after the assets kept in the name of beneficiaries.

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#Details about the Financial Feature of the Trust in the Labuan Now another thing to be known to the investors is that the Labuan legislation doesn’t require the business professional to worry about the capital or doesn’t want them to invest a specific capital if they are interested in the registration of a trust. Now if the trust is in the money broking business, then the trust is liable to go with an audit tax at the rate of 3% or can opt to pay an annual sum without performing an audit. So, if the annual payment is done, then the trust is not required to file the financial statements.

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CONTACT US: Company Name:- Law & Commerce Trust Limited Website Link:- 006-03-21613430

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Summary: Go through some of the essential points that can let you decide if you are thinking of establishing a Labuan trust company.

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