A trust is a legal arrangement where a trustee holds and manages assets for beneficiaries, offering confidentiality, asset protection and succession planning. It is ideal for individuals seeking a straightforward structure with professional oversight.

A PTC is a corporate entity formed to act as trustee for one or more family trusts dispensing with the need for third party involvement. A PTC allows family members to retain control by serving on its board, making it suitable for families with complex, multi-generational wealth planning needs.

In Hong Kong a PTC may be easily set up but must not offer trustee services to the general public which is the domain of licensed trust companies. In Singapore a PTC must be administered by a locally licensed trust company.

In setting up a PTC careful consideration must be given to the management and ownership structure to ensure longevity and proper control.

Zetland Fiduciary Group possesses expertise in helping families to design, incorporate, and operate PTCs in Hong Kong. Our process involves carefully defining the roles and responsibilities of the board and documenting clear policies on critical matters such as share ownership and appointment of directors. By integrating comprehensive accounting and company secretarial support, we can ensure that the PTC's records, resolutions, and statutory registers are properly maintained and ready for audit, providing peace of mind and robust governance.