Singapore as your Trust Jurisdiction
In recent years, Singapore has indeed become an important financial and wealth management centre. There are many reasons for selecting Singapore as your trust jurisdiction–
- Economic and political stability
- Well developed and transparent legal system based on English common law
- High standards of security and regulation in the banking and trust industry by the Monetary Authority of Singapore
- Major financial centre with many international banks located here
- Favourable tax regime and wide network of double taxation treaties
- Good corporate governance and large selection of corporate service providers
- Well trained lawyers, accountants and wealth management advisors
- Hard-working and efficient work force
- Updated trust laws which allow the Settlor to reserve powers of investment and also provide protection from forced heirship claims
- Protection of confidential information relating to a trust
- Excellent communication systems facilitating efficient administration of cross border trust structures
- Multi-cultural and multi-lingual society which can provide services in many languages