Hong Kong trusts: the usual legal forms
Hong Kong trusts are governed mainly by the Trustee Ordinance (Cap 29). What follows is the usual architecture; trustee powers and beneficiaries are drafted on the facts.
Discretionary and reserved-power trusts
A discretionary trust leaves investment and appointments to the trustee within the deed. A reserved-power trust keeps named powers with the settlor. A private trust company can act as trustee; its secretarial function is not the investment mandate.
CRS
Trustees, settlors, beneficiaries and protectors may all be controlling persons for reporting. Forming a trust does not take the arrangement outside CRS.
What a TCSP can do
A licensed TCSP can, under the engagement, handle formation papers, PTC secretarial work and statutory registers. Appointments among beneficiaries are not set out on a public page.
Case-specific decisions differ — book a consultation with our advisers.
The content of this page is general professional information and does not constitute tax, legal or investment advice. For specific cases, please consult a Hong Kong practising accountant or tax adviser, or refer to official publications of the IRD / SFC / HKMA / CR.