Business without Banking
Understand how trust can replace your business bank account and achieve Business without Banking
There are several potential problems that people may encounter when dealing with banks:
Privacy and security concerns
High account maintenance fees
Limited access to funds
Risks of account freezing
Complicated account opening process
Complex reporting and record-keeping requirements
Offshore banking replacement solution
What you can do with a trust account
Using a trust as a way to manage your financial affairs and conduct everyday transactions without using traditional banking services.
A trust is a legal arrangement in which one or more parties, called trustees, hold legal title to assets for the benefit of one or more beneficiaries. If you set up a trust and name yourself as the beneficiary, you can use the trust to hold and manage your assets, including your bank accounts. The trustee will be responsible for managing the assets in the trust and making decisions on behalf of the trust. This can include paying bills and expenses out of trust assets, making investments on behalf of the trust, and managing any other financial affairs that you want to conduct through the trust.
Having a trust to manage your financial affairs can provide a number of benefits, such as helping to protect your assets from creditors, lawsuits, and other legal claims, and allowing you to manage your assets in a way that is consistent with your financial goals and objectives.
Trust is a legal relationship in which property or assets are transferred to a trustee for management. The trustee has the responsibility to carry out the instructions of the trust and is responsible for the trust property.
Hold and manage assets
Receive and manage income
Pay bills and manage expenses
A trust can be used to hold and manage financial assets, such as cash, stocks, or real estate, and to facilitate the transfer of assets to the appropriate parties in accordance with the terms of the trust. A trust may offer some benefits, such as asset protection and tax planning opportunities, that may be similar to those offered by offshore banking.
A trust can be used to receive and manage income, such as salary, rental income, or investment income. The trust can then distribute the income to the beneficiaries in accordance with the terms of the trust.
A trust can be used to pay bills and manage expenses, such as rent, utilities, or insurance premiums. The trust can use the assets it holds to make the payments, or it can receive and manage income that can be used to pay the bills.
Conduct financial transactions
Leave property to designated beneficiaries
Protect your assets
A trust can be used to conduct financial transactions, such as making investments or buying and selling assets. The trust can use the assets it holds or the income it receives to make the transactions.
By setting up a trust, you can specify the individuals you wish to receive your property. This can ensure that your property does not end up in the hands of someone you do not want.
When you create your trust and appoint UTGL as your trustee, you will enjoy high levels of privacy starting with a non-disclosure agreement (NDA). Our trust protection includes a trust agreement/deed that is safeguarded by globally recognized trust laws.
It is worth noting that using a trust as a replacement solution for offshore banking may require the assistance of our trust professional to ensure that the trust is set up properly and that it complies with relevant laws and regulations.
Our 'Living without Banking' solution offers the following advantages:
Greater privacy: Keep financial affairs private by not sharing personal financial information with a bank or other financial institution.
Simplified account opening process A streamlined process can save time and effort.
Attractive account maintenance fees. Reduce expenses to increase profitability.
Expand access to scalable funds for business needs.
Straightforward reporting and record-keeping requirements. Simplify compliance and reduce administrative burden.
No risk of account freezing. Reduce uncertainty and ensure access to funds when needed.
Our products for you to achieve Business without Banking
Settlement & ClearingClosed-looped Large Amount Settlement and Clearing Our closed-loop system allows for faster and more efficient settlements, reducing the time and resources required to complete transactions. Learn more
Payroll ManagementEfficient Global and CNY Payroll Management We handle your payroll in multiple currencies, including the Chinese Yuan (CNY). Pay your employees and contractors in their local currency. Learn more
Remit to ChinaThe Most Legitimate Way with UTGL Transfer digital assets to CNY using UnionPay Services. No risk of account freezing, instant online transfers, and efficient payroll management. Peace of mind guaranteed. Learn more
Credit Card IssuingBuild Together & Share Revenue A cost-effective solution for establishing a comprehensive commercial card program. Our user-friendly API allows you to have complete control over your program, including card design and real-time transaction approvals. Learn more
Crypto Merchant PaymentAccept More, Earn More with Our Crypto Payment Solution Our platform enables merchants to accept payments in cryptocurrency. We also offer a POS system that can be integrated with the merchant's existing e-commerce or store. Learn more
Global Bill PaymentOne-click! Simplify Bill Payments Globally Pay bills and make other payments in digital assets or fiat quickly and easily, without the need to write and mail checks or visit multiple websites or banks to make payments. Learn more
Tax ArrangementTax Compliance Made Effortless We help individuals and businesses navigate complex and ever-changing tax laws and regulations. We provide a comprehensive solution for tax planning, compliance, and reporting, ensuring that clients are in compliance with local and international tax laws, and minimizing their tax liabilities. Learn more
Ready to get started?
Unlock the power of trust with UTGL! Take the first step by exploring our Trust Platform, or create an account and instantly receive a virtual card. Our team is also ready to help design a custom package tailored specifically to your business needs.