A Holistic Overview of the Labuan Trust Company
Though we have always come across the term Labuan company or Labuan offshore but there is one
more entity that gives investors a breath of relief when thinking of having a definite well defined path
of passing their wealth the respective beneficiaries and this is where we have an entity called Labuan
trust company which we have described here in this article and have unfolded all its related aspects.
The Labuan trust company is a company referred to a company registered under the Labuan
Companies Act 1990. Now what this Labuan trust company role is? And what are its basic features,
etc. are all being discussed here in this article for your reference.
Well! The basic role of the Labuan trust company is to perform the duties and responsibilities of those
personnel and investors who are registered under the Labuan Companies Act 1990 and give them a
platform to work upon some specific purposes be it charitable or non-charitable. If the Labuan trust
company is established by the investors for charitable purposes, then that company can fulfill the
purposes like relief from poverty, in the education field, promotion of art and science and other such
similar purposes. And if it is for the non-charitable purpose then it could service as a bridge for the
beneficiaries to get benefited from the wealth that the trust holds.
Besides the above mentioned role of the Labuan trust company, it can play a substantial functional
role by acting as a registered office for the Labuan company or entity or it may also provide other
office related services to the company.
Now moving on to study the other features of the Labuan trust company, it is important for the trust
company to have a purposeful and operational office set up in Labuan. It should appoint two
authorized trust officers and one of them should be a resident of the Labuan. This is mandatory that
the trust officers should fulfill the requirements of the Labuan FSA of being the trust officers.
Now let's see what are the properties that a Labuan trust company can hold? Well! The Labuan trust
company has the full flexibility of holding assets of any kind, be it real estate, movable or immovable
items, jewellery or other transportation items. It can also hold legal documents as assets to passing on
to the beneficiaries. Whatever the trust holds is solely for the purpose and the objective laid out by
the trust deed and should not violate on the grounds of the rules and regulations.
For more information visit us at http://www.simplyoffshore.com/labuan-trust/
Labuan Head Office Level 2,Lot 19,
Phase 3, Lazenda Commercial Centre,87007
Labuan F.T., Malaysia