Trust Estate
Everything You Need To Know About Creating Trusts In Singapore

An online business information portal,
GuideMeSingapore.com, has released a guide for creating
private trusts in Singapore, responding to what it says is
growing interest from wealthy individuals for these kinds of
structures.
"In Singapore, the high net-worth population is increasing dramatically, and the trust industry here is growing to respond to increased demand from this demographic segment. Singapore's trust framework and its reputation as an international financial centre make it an ideal choice for wealthy individuals looking to establish family trust arrangements," said
Jacqueline Low, chief executive of Janus Corporate Solutions, a business registration services firm. It is the parent company of GuideMeSingapore.com.
The city-state is rapidly emerging as a premier jurisdiction for
establishing trusts thanks to booming regional wealth; strong
regulatory frameworks and attractive tax regimes, market-friendly
and stable economic policies and the extensive list of global
financial institutions and advisory firms that already have a
presence in Singapore.
“Not only is Singapore ranked number one for its ease of doing
business (as published by the World Bank's Doing Business
2013 report), it is also renowned as one of the top
jurisdictions for its ease of establishing a trust,” the
organisation said in a statement.
The guides
The guides explain the concept of trusts and the applicable
Singapore laws without the use of “complicated legal jargon”, and
outline the main features that should be considered by any
individual who is considering setting up a private family
trust.
The first guide (Singapore trust law and setting-up private
family trusts) should be read along with the second guide
that explains the benefits that Singapore claims to offer for
locally domiciled trusts and that have attracted a growing number
of wealthy individuals to the country (Benefits of Singapore
as a trust jurisdiction).
"With a globally integrated financial industry, anyone with
substantial wealth should take a global perspective for managing
their assets in the most efficient manner," said Low.
“With proper planning, a trust structure can preserve an
individual's wealth so that it is protected from creditors,
potential claims in bankruptcy, hostile regulatory action, and
forced inheritance; they are also a useful tool for planning
orderly transition of assets to future generations," she
added.