If you have a family business which has been built over several generations and provides substantial income, you may benefit from a PTC. PTCs can allow you to retain a degree of control, including in the running of your business.
PTCs also provide great succession planning opportunities, allowing younger family members to become involved in decision making. They can be established quickly and operate at a relatively low cost, which makes them attractive structures. Private trust companies act as a corporate trustee to a trust or a number of connected trusts, often for the same family.
Our areas of expertise
We can assist in the formation and administration of PTCs in the Bahamas, the Cayman Islands, Guernsey, Jersey, the British Virgin Islands, Hong Kong, Singapore and Switzerland. In addition we can act as trustee of the purpose trust holding shares in the PTC, or hold said shares of the PTC in a Bahamas Executive Entity (BEE).