Difference Between Labuan Trust and Labuan Foundation
Before you get started with your wealth planning, it is good to understand the difference between Labuan Trust and Labuan Foundation. This will help you to make a better decision to minimise your risk and cost. More and more high net worth individuals are now choosing Labuan Private Foundation for their wealth management to have full control after the implementation of Common Reporting System (CRS) by OECD, check out why Labuan Private Foundation is so special?
Difference Between Labuan Trust and Labuan Foundation
Labuan jurisdiction offers a wide range of wealth management solutions to meet your needs and they are:
Among the solutions, the Labuan Private Foundation stands out as Asia’s one and only Private Foundation vehicle protected by Foundation Act! Labuan has enacted the Foundation Act in 2010 to allow full legal protection of Foundations registered in the Labuan jurisdiction. Under the Act, the beneficiaries of the Labuan Foundation may be a resident or non-resident. This is one main feature of a Labuan Foundation that is protected and preferred by legacy and succession planning needs of many high net worth individuals.
Check out more on other jurisdiction private foundations compare to Labuan Private Foundation.
- Registration guide of Labuan Private Foundation
- Documents required to register Labuan Private Foundation
- FAQ of Labuan Private Foundation
The set up of the Labuan Private Foundation vehicle is straightforward and simple!
Drop us us an email at [email protected] for more information on Labuan Wealth management vehicles that suits your needs. We will provide a private consultation to you giving guidance on how to set up and ways to customize the Labuan Foundation to manage your wealth efficiently and cost-effective. Our One Labuan Platform easy to elevate your Labuan operation efficiently!
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