GLOBAL BUSINESS
What trust assets?
We have a wide range of assets at our disposal. What assets can I hold inside the trust?
You can hold a wide range of assets in our sophisticated trusts, including global currencies, company shares, digital assets, securities, investment funds and bonds, commodities, precious metals, insurance policies, endowments, real estate, vehicles, luxury items, intellectual property and its royalties, as well as patents and copyrights.
Digital Asset Access
We hold digital assets as part of our treasury operations diversification strategy. How are digital assets stored and are they available to be spent. If so, how?
Your digital assets are safely stored by us using bank-level offshore, multi class digital asset custody. Your digital assets make up part of your trusts overall investment portfolio. You can pay global invoices with your digital assets, using one of our connected, third party service providers.
SPV’s for Investment Projects
We use SPV’s a lot for investment projects. Can I transfer an SPV into the Trust?
Yes! We can even create a new one for you, for your next investment project. Our more sophisticated trusts come with an SPV as standard. This includes the establishment of a British Virgin Islands or Hong Kong company. It is a highly flexible asset-holding structure, which mitigates all the risks of holding non-financial assets including company shares, real estate, insurance policies, endowments, vehicles, luxury items, intellectual property and its royalties, as well as patents and copyrights.
SPV assets are managed by a professional trust team for safety and reliability with high level asset privacy protection, shareholder and director nominee services and we open independent bank accounts for you.
Unique Asset Link Credit Cards to Distinguish Your Company
Our unique, elite asset link Mastercard credit cards (on par with Amex Black) are a real talking point for our clients. They elevate your brand and the entire perception of your company everywhere your staff spend money. They are made from metal or ceramic as standard. For an additional cost you can add special designs and more esoteric materials.
With up to 5% cashback (subject to terms and conditions) on all purchases (excluding those in Hong Kong) for trusts with assets over $1m, this cost is recouped in full with just $2.6m in company asset linked credit card spending. Our cards have no spending limit in the asset linked model, with diverse settlement options from your trust assets. They come with high levels of privacy and integrate with Google pay, AlipayHK and Alipay China and WeChat in China. We also have a co-branding option for your potential clients credit card spending.
Co-branding credit cards
How does the credit card co-branding work and how does it help us to monitor and control spending globally?
UTGL is regulated under an Hong Kong Money Lender License. We disclose all Mastercards documents and charges as co-branders. Since we partner with third party service providers and processors, this co-branding requires high upfront development cost and lead time.
We offer comprehensive API support, with an integration in weeks. Our key features are:
Instant credit allocations
Real time balances and transactions
Advanced spending controls and fraud alerts
SMS, Whatsapp and webhook notifications
Fixed or asset linked limit controls
Easy configuration of credit card details
Real time suspension and limit adjustments
Real time password changes
You can build functionality on top to suit your use case
Direct access to the card factory, packaging and mailing
Premium equipment support from the US within 2 months at a cost of HKD$100k+
We offer in-house support for embossing and engraving
This co-branding leverages your company's global client base to generate an additional revenue stream.
There will be certain fixed setup and ongoing variable operational costs associated with the partnership. However, these costs are expected to be recouped over time through a profit sharing model. Our goal is to issue 10,000 co-branded cards to clients of each multinational partner company. Please contact us to explore a potential co-branding collaboration and discuss how we can structure an agreement that provides value to your company.
Global Partners
What global partners can I access through UTGL?
UTGL partners with the best of the best, including world class investment banks and institutions like Interactive Brokers and IG Asia. These partners provide customers with a one-stop-shop to access offshore banking services, multiple capital markets, like stock, bond and commodity markets, digital asset exchanges like Binance, gold bullion dealers and more. This is in addition to our network of internal and external advisers in trusts, international legal, compliance, tax, international payments and a lot more.
Trust vs Bank
Why use a trust over a bank?
Bank accounts, including private banking are vastly different in structure, legal framework and usefulness. The legal foundation of a bank account is a relatively simple contract. With a trust, you get a trust deed which is a much more powerful legal foundation. Trust deeds give settlors antifreeze protections from sanctions, creditors, tax and other enforcement mechanisms. They provide asset segregation, private and protection contain numerous tax benefits, including mitigation of income, inheritance and capital gains tax.
A trust company like UTGL with an advanced tech stack, a global partner network and asset linked credit card product portfolio can also deliver most of the same services a bank can.
Comparing banks to UTGL trusts is like comparing a bicycle to a formula one racing car. They are not the same!
Global Payroll Management
What about global payroll management? This is a terrible problem for us?
Many multinational companies suffer needlessly from inefficient and inconsistent global payroll systems. These can cause high costs and introduce legal, tax and exchange rate risk which can lead to employee dissatisfaction with late or incorrect payments. UTGL’s global payroll solution eliminates inaccurate and late payments through an efficient, streamlined process, no matter where your employees are located. Not only does it work better than disjointed systems, it removes friction, lowers processing time and reduces administrative workload and costs, giving a cost effective solution for global payroll management which minimises exchange rate risk in all the countries you operate in.This includes remittances to China, with tax compliance as standard in all jurisdictions.
Global Tax Compliance Done Right
Tax compliance is costing us a fortune in accounting fees and we still pay high taxes. What is your solution?
There is no question that tax compliance is daunting for multinational corporations. UTGL has a range of products and advisory services which enable multinational organisations to navigate these turbulent waters with much less friction. Our trusts remove a lot of the friction in managing international tax compliance for multinational clients. From our suite of spending solutions through asset linked credit cards, to our global invoice paying solutions and settlement and clearing solutions, payroll and world class advisory, we are able to navigate complex and ever-changing tax laws and regulations on behalf of clients. Our bespoke, comprehensive and compliant strategies and plans not only help multinational clients stay within the law globally, but we help to legally minimise the tax burden at the same time.
