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OFFSHORE ACCOUNTS

Diversify Wealth Globally, Protect Assets from Freezing

Diversify Wealth Globally, Protect Assets from Freezing

Diversify Wealth Globally, Protect Assets from Freezing

Safeguard your assets from regional instabilities and political uncertainties with our robust protection. Diversify and strengthen your portfolio by holding your money in multiple currencies, ensuring global reach and local impact. Stay in control with 24/7 foreign exchange management, enabling you to optimize your investments anytime, anywhere.

Safeguard your assets from regional instabilities and political uncertainties with our robust protection. Diversify and strengthen your portfolio by holding your money in multiple currencies, ensuring global reach and local impact. Stay in control with 24/7 foreign exchange management, enabling you to optimize your investments anytime, anywhere.

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

04

Multi-Currency Holdings

02

Hassle-free Application

05

Global Foreign Exchange Management

03

Protection from Regional and Political Risks

COMPARISON

The UTGL Trust advantage: beyond traditional banking

Discover why a Trust Account offers superior benefits for wealth management and asset protection.

Trust Account

Bank Account

Legal Title

Trustee (Trust company)

Bank Account

Confidentiality

High. Trust is a non-disclosure agreement.

Low. It can be accessed by the judiciary.

Autonomy

High. The Trust company will only execute the instructions of the settlor.

Low. Banks have the right to use client deposit for lending. If the bank does not operate well, there will be default risk and personal losses to depositors.

Risk

Risk Isolation. Trust has no right to freeze the assets in clients' trust account. Creditors are unlikely to have right to claim the assets in the trust unless any illegal activity is involved.

No risk isolation. Banks have the right to freeze the account for different specific reasons. Creditors also have the right to claim from it which client cannot achieve risk isolation.

Sustainability

Eternal. In Hongkong, trusts can exist indefinitely, and can thus be used to plan for multiple generations ahead, safeguarding capital and permitting longer-term, more strategic planning.

Non sustainable. If a client has an accident, the bank account will be frozen until it is handed by the executor of the will who applies to the court for probate of the will. After a long process, the executor will determine how to manage the assets in the bank account according to the will.

Privacy

High. Under normal circumstances, only the high court has the right to request access to trust account information and assets. Others, including beneficiaries, have no right to access any information of trust assets.

Low. Account information and assets whereabouts will be queried if there is reason to do so.

Flexibility

High. Trust accounts accept not only cash but also overseas properties, precious metals, digital assets etc.

Low. Banks mainly accept cash and are extremely unlikely to accept digital assets.

Services

Variable. Trust accounts can provide more global services such as offshore accounts, global investments, global payments, global assets transfer etc.

Limited. Bank accounts only provide local bank services. Investment choice is limited to the bank's own products.

Legal Title

Trust

Account

Trustee (Trust company)

Bank

Account

Bank Account

Confidentiality

Trust

Account

High. Trust is a non-disclosure agreement.

Bank

Account

Low. It can be accessed by the judiciary.

Autonomy

Trust

Account

High. The Trust company will only execute the instructions of the settlor.

Bank

Account

Low. Banks have the right to use client deposit for lending. If the bank does not operate well, there will be default risk and personal losses to depositors.

Risk

Trust

Account

Risk Isolation. Trust has no right to freeze the assets in clients' trust account. Creditors are unlikely to have right to claim the assets in the trust unless any illegal activity is involved.

Bank

Account

No risk isolation. Banks have the right to freeze the account for different specific reasons. Creditors also have the right to claim from it which client cannot achieve risk isolation.

Sustainability

Trust

Account

Eternal. In Hongkong, trusts can exist indefinitely, and can thus be used to plan for multiple generations ahead, safeguarding capital and permitting longer-term, more strategic planning.

Bank

Account

Non sustainable. If a client has an accident, the bank account will be frozen until it is handed by the executor of the will who applies to the court for probate of the will. After a long process, the executor will determine how to manage the assets in the bank account according to the will.

Privacy

Trust

Account

High. Under normal circumstances, only the high court has the right to request access to trust account information and assets. Others, including beneficiaries, have no right to access any information of trust assets.

Bank

Account

Low. Account information and assets whereabouts will be queried if there is reason to do so.

Flexibility

Trust

Account

High. Trust accounts accept not only cash but also overseas properties, precious metals, digital assets etc.

Bank

Account

Low. Banks mainly accept cash and are extremely unlikely to accept digital assets.

Services

Trust

Account

Variable. Trust accounts can provide more global services such as offshore accounts, global investments, global payments, global assets transfer etc.

Bank

Account

Limited. Bank accounts only provide local bank services. Investment choice is limited to the bank's own products.

FREQUENTLY ASKED QUESTIONS

Everything you need to know

What is an offshore custodian service?

An offshore custodian service provides secure management and protection of your assets in a foreign jurisdiction. It helps diversify risk and offers enhanced privacy and security for your wealth.

What is an offshore custodian service?

An offshore custodian service provides secure management and protection of your assets in a foreign jurisdiction. It helps diversify risk and offers enhanced privacy and security for your wealth.

What is an offshore custodian service?

An offshore custodian service provides secure management 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?

Holding money in different currencies helps diversify your portfolio, reduces risk, and enhances financial security. It allows you to take advantage of favorable exchange rates and protect your wealth from regional economic fluctuations.

What are the benefits of holding money in different currencies?

Holding money in different currencies helps diversify your portfolio, reduces risk, and enhances financial security. It allows you to take advantage of favorable exchange rates and protect your wealth from regional economic fluctuations.

What are the benefits of holding money in different currencies?

Holding money in different currencies helps diversify your portfolio, reduces risk, and enhances financial security. It allows you to take advantage of favorable exchange rates and protect your wealth from regional economic fluctuations.

Is there a minimum funding requirement to open an account?

No, UTGL Trust does not require a minimum funding amount to open an account. This flexibility allows you to start managing your wealth according to your financial needs and goals.

Is there a minimum funding requirement to open an account?

No, UTGL Trust does not require a minimum funding amount to open an account. This flexibility allows you to start managing your wealth according to your financial needs and goals.

Is there a minimum funding requirement to open an account?

No, UTGL Trust does not require a minimum funding amount to open an account. This flexibility allows you to start managing 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 trustees and custodians in legal title, with all assets 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.

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 trustees and custodians in legal title, with all assets 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.

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 trustees and custodians in legal title, with all assets 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.

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.

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.

Ready to get started?

Unlock the power of trust with UTGL today. Take the first step by exploring our Trust Platform or create an account for an instantly rewarding experience.

© 2024 UTGL. All rights reserved.

Disclaimer: The information provided on this website is for informational purposes only. It should not be considered legal, financial or tax advice. UTGL makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use. All information is provided on an as-is basis.


This website may contain links to external websites that are not provided or maintained by or in any way affiliated with UTGL. Please note that the UTGL does not guarantee the accuracy, relevance, timeliness or completeness of any information on these external websites.


Links to external websites are provided as a courtesy and do not imply UTGL's endorsement of those sites or their content, products or services. UTGL assumes no liability for damages resulting from the use of or reliance upon the information provided herein.

Ready to get started?

Unlock the power of trust with UTGL today. Take the first step by exploring our Trust Platform or create an account for an instantly rewarding experience.

© 2024 UTGL. All rights reserved.

Disclaimer: The information provided on this website is for informational purposes only. It should not be considered legal, financial or tax advice. UTGL makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use. All information is provided on an as-is basis.


This website may contain links to external websites that are not provided or maintained by or in any way affiliated with UTGL. Please note that the UTGL does not guarantee the accuracy, relevance, timeliness or completeness of any information on these external websites.


Links to external websites are provided as a courtesy and do not imply UTGL's endorsement of those sites or their content, products or services. UTGL assumes no liability for damages resulting from the use of or reliance upon the information provided herein.

Ready to get started?

Unlock the power of trust with UTGL today. Take the first step by exploring our Trust Platform or create an account for an instantly rewarding experience.

© 2024 UTGL. All rights reserved.

Disclaimer: The information provided on this website is for informational purposes only. It should not be considered legal, financial or tax advice. UTGL makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use. All information is provided on an as-is basis.


This website may contain links to external websites that are not provided or maintained by or in any way affiliated with UTGL. Please note that the UTGL does not guarantee the accuracy, relevance, timeliness or completeness of any information on these external websites.


Links to external websites are provided as a courtesy and do not imply UTGL's endorsement of those sites or their content, products or services. UTGL assumes no liability for damages resulting from the use of or reliance upon the information provided herein.