The trust agreement (trust) allows an individual or legal entity (the settlor) to transfer to one or more persons (the trustees, directors, or agents) the legal ownership of assets (trust assets). Trustees or directors are morally obligated to hold and manage the assets in the trust, in accordance with the Trust Act 2001.
The Trust is a legitimate means of protecting assets against personal high taxes, exchange control, or the risk of confiscation.
Confidentiality is guaranteed due to the non-disclosure requirement of the grantor’s or beneficiary’s data.
The established trust may be discretionary, passive, protective, charitable, or for the benefit of employees, growth, and maintenance, or for specific purposes.