Singapore Foreign Trust
Singapore Foreign Trust Legal Requirements
Singapore Foreign Trust |
Corporate Details |
Restricted |
|
|
Foreign Trust |
|
Yes |
Share capital or equivalent |
|
|
USD |
|
Any |
|
None |
Foreign Trustee |
|
|
One |
|
Yes |
Protector |
|
|
One |
|
NA |
Accounts |
|
|
Yes |
|
No |
|
No |
- Interest and dividends derived from outside Singapore and received in Singapore in respect of any designated investments.
- Rents, royalties, premiums and any other profits arising from property derived from outside Singapore and received in Singapore.
- Gains or profits derived from sale of any designated investments.
- Distributions from foreign unit trusts derived from outside Singapore and received in Singapore.
- There is no requirement for Singapore Foreign Trusts to be registered.
- The Settlor should not be a permanent resident of Singapore.
- The Beneficiary should not be a permanent resident of Singapore.
- The Trustee should be a licensed trust company in Singapore.
- The appointment of a Protector is optional.
- The maximum duration of a Singapore Foreign Trust is 100 years.
- There is no restriction on the property of a Singapore Foreign Trust. Assets can be added to the trust at any time during its life.
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options