OFFSHORE ACCOUNTS
OVERVIEW
Seamless global allocation
Effortlessly distribute your funds across the world with UTGL Trust’s extensive network. Seamlessly move your wealth between the USA, Singapore, and Hong Kong, ensuring your assets are always positioned optimally.
KEY BENEFITS
Experience the UTGL advantages
01
No Minimum Funding
02
Multi-Currency Holdings
03
Hassle-free Application
04
Global Asset Conversion
05
Protection from Regional and Political Risks
COMPARISON
The UTGL trust advantage: Beyond traditional banking
Discover why a Trust offers superior benefits for asset administration and asset protection.
FREQUENTLY ASKED QUESTIONS
Everything you need to know
What is an offshore custodian service?
An offshore custodian service provides secure administration and protection of your assets in a foreign jurisdiction. It helps diversify risk and offers enhanced privacy and security for your wealth.
What are the benefits of holding money in different currencies?
No, UTGL Trust does not require a minimum funding amount to open an account. This flexibility allows you to start structuring your wealth according to your financial needs and goals.
Is there a minimum funding requirement to open an account?
No, UTGL does not require a minimum funding amount to set up a trust. This flexibility allows you to start structuring your wealth according to your financial needs and goals.
How secure are my assets with UTGL Trust?
At UTGL, earning your trust and ensuring the security of your assets are our utmost priorities. We act as your trustee, holding legal title to the trust fund, while the underlying assets are securely held by licensed financial institutions or top-tier custodians. This structure provides a robust layer of security for your wealth. In accordance with Part (iii) Section 77(2) of the Trustee Ordinance, UTGL places a substantial deposit with the Government’s Department of Accounting Services. Additionally, we voluntarily maintain professional indemnity insurance and full third-party liability insurance for added peace of mind.
What specific legal obligations govern UTGL’s operations?
s2 Recognition of Trusts Ordinance (Cap. 76) states that our clients’ and our trust accounts are governed by the law. s3A Trustee Ordinance (Cap.29) states that the trustee must exercise the care and skill that is reasonable in the circumstances, having regard to any special knowledge or experience that the trustee has or holds out as having and if the trustee is acting in that capacity in the course of business or profession, any special knowledge or experience that is reasonably expected of a person acting in the course of that kind of business or profession. s97 Trustee Ordinance (Cap.29) further provides that employees of a trust corporation shall be personally responsible to the court and subject to the process of the court as if he is appointed as a Trustee personally.