A Hong Kong Private Trust Company
FGA is a Hong Kong-based trust company specializing in providing best-of-class fintech wealth solutions. Our core business encompasses trustee service, all-asset protection, and diversified financial services. We aim to create a secure and reliable asset management trust platform for individual and corporate clients.
What is A Trust
Trust Services Across Borders
Grow Your Wealth
Our ecosystem of best-in-class players includes fintech providers, asset managers, law firms, consultants, and advisors, all supporting our clients in reaching their goals.
In this rapidly changing financial environment, FGA redefines the Hong Kong Trust Company’s concept of asset trust management with forward-thinking technological innovation. Our private trust company leverages the latest technologies such as blockchain, artificial intelligence, and data analytics to offer clients transparent and efficient asset management solutions. These technologies not only enhance the security and convenience of our trust services but also provide unprecedented asset growth opportunities for our family trust clients.
As a private trust company in Hong Kong, operating under the common law system, we strictly adhere to the regulations and guidelines set forth by the Hong Kong Monetary Authority and other international financial regulatory bodies. Our compliance team continuously monitors changes in laws and regulations to ensure that our Hong Kong trust operations not only follow local laws but also meet the highest standards of the international financial market.
FGA Trust believes that through our professional team, innovative technology, and steadfast commitment to compliance, we, the best private trust company, provides the best asset management solutions for our clients. Whether you are seeking asset protection, wealth succession, or investment growth, FGA Trust company is your trusted partner.
Global Trust Service
As a leading Licensed Trust Company, FGA Trust extends its operations across major financial centers worldwide, including Hong Kong, Singapore, and Dubai.
Features & Benefits
All Asset Class
We offer an extensive range of services and strategies, especially for all-asset-class financial solutions. With our high level of adaptability, we ensure that our trust structures align seamlessly with your specific goals.
24/7 Services
We provide our clients with 24/7 support, emphasizing our commitment to exceptional service. By integrating advanced AI customer solutions with dedicated specialists, we ensure the safeguarding and management of your wealth with unwavering attention and care.
Flexible Customisable Trust Service
Our service is designed to create doors and opportunities for high-net-worth individuals through flexible and tailor-made trust services tailored to the unique needs of your families and institutions. Gain access to bespoke investments, expert management, exclusive events, and key connections to safeguard and grow your wealth.
FGA Trust
Hong Kong Dollar Custody Service
As a leading trust company in HK, FGA collaborates with top local banks to provide secure and reliable HKD custody services. Our goal is to offer clients robust currency management solutions through professional trust services. As a trusted provider in the industry, our Hong Kong trust company ensures that your funds not only preserve and increase value but also enjoy convenient access. We, a TCSP in Hong Kong are dedicated to offering comprehensive HKD custody services, tailored to meet the unique needs of each client. By leveraging our expertise and strong partnerships with leading financial institutions, we provide a seamless and efficient currency management experience.
Asset Collateral Credit Card Management
This is another key feature of our trust services. Trust clients can use the assets managed on our trust platform as collateral to obtain a spending card, enabling flexible use of funds. As a leading HK trust company, we offer this unique service to enhance the financial flexibility of our clients. As a private trust company in Hong Kong and a member of Mastercard©, our trust company ensures that clients can seamlessly use their exclusive cards globally. Whether you are shopping, traveling, or covering daily expenses, our Asset Collateral Credit Card management service provides you with the convenience and financial freedom you need. Our trust company collaborates with top financial institutions to offer secure and reliable card solutions. By leveraging the assets managed on our trust platform, clients can enjoy the benefits of a spending card while maintaining the security and growth of their investments.
Bill Payments and Global Real Estate Investment
FGA support clients in handling various bill payments, whether for personal expenses or corporate costs. Our trust services easily accommodate these needs, providing a seamless solution for managing your financial obligations. As a leading Hong Kong trust company, we ensure that all your bill payment requirements are met with efficiency and reliability. Additionally, as a professional private trust company in Hong Kong, we offer global real estate investment opportunities. Whether you seek high-return commercial property investments or stable residential projects, FGA, as a Hong Kong Trust Company provides professional investment advice and comprehensive market analysis. Our expertise in the real estate market allows us to guide you through the best investment options tailored to your financial goals. We leverage our extensive network and market insights to offer clients top-tier investment opportunities worldwide. By partnering with FGA Trust Company, you can access exclusive real estate investments that promise significant returns and long-term value.
Investment Services
FGA Asset Trust's professional investment services are supported by licensed securities firms in Hong Kong. As a leading trust company Hong Kong, we focus on providing clients with customized investment solutions. Our expert team, with extensive market experience, offers a diversified range of investment options, including stocks, bonds, and funds, tailored to clients' financial situations and investment preferences. We, one of the TCSPs in Hong Kong, are here to help clients optimize their asset allocation through personalized and strategic investment advice. Whether you are an international client or a local resident, our private trust company in Hong Kong ensures that your investment portfolio is managed with the utmost professionalism and expertise. At FGA, as a Hong Kong Trust Company, we understand that each client has unique financial goals and risk tolerances. Our comprehensive investment services are designed to meet these individual needs, providing a robust framework for wealth growth and preservation. By leveraging our deep market insights and strategic partnerships, we deliver optimal investment solutions that drive long-term value.
Offshore Multi-Currency Custody
FGA collaborates with leading global banks to provide offshore multi-currency custody services. This service is particularly suitable for multinational businesses and global investors, effectively managing assets in different currencies and meeting the international currency transaction and fund transfer needs of international and Hong Kong clients. As a Hong Kong Trust Company, our offshore multi-currency custody service also offers flexible and diverse currency management and trust services, ensuring comprehensive support for your financial needs. As a trust company in Hong Kong, we understand the complexities of managing assets across various currencies. Our expertise in asset trust ensures that clients' assets are managed securely and appropriately, leveraging our advanced trust platform to offer seamless and efficient multi-currency management.
Offshore Global Investment
Through close cooperation with investment banks, private banks, and several large international financial institutions worldwide, the FGA trust platform opens the door to offshore global investments for clients. Our Hong Kong private trust company offers a wide range of international investment opportunities, from stock markets and bonds to precious metals and real estate, helping multinational and Hong Kong trust clients capture global economic growth opportunities. We achieve asset trust and global allocation and appreciation while providing customized investment strategies and professional risk management advice tailored to the individual needs of Hong Kong trust clients.
Through these meticulously designed trust services, our FGA trust platform aims to provide clients with comprehensive and professional financial solutions. Whether in Hong Kong or globally, our Hong Kong trust company can meet your diverse financial and investment needs. Asset trust is one of our core services, ensuring your financial goals are achieved. Utilizing asset trust, our Hong Kong trust company can better manage and protect clients' wealth, ensuring optimal returns in the global market.
Our Commitment
Client-Centric Trust Service
- At FGA Trust, we firmly believe that client satisfaction and trust are the keys to our success.
- As a leading Hong Kong trust company, we provide bespoke trust services, using global expertise to help families and corporations achieve their goals in generational wealth and financial security.
- By offering cross-regional professional trust services and solutions, our all-asset-class trust services open up more doors and networking opportunities for our clients.
Safe and Compliant Operations
- FGA Trust is a fully licensed service provider in Hong Kong, with TCSP number TC008341. Our strict adherence to regulatory standards guarantees the highest levels of trust and transparency, enabling us to effectively assist our clients in growing their wealth.
- Our compliance team ensures that our trust services remain secure and reliable through continuous monitoring of regulatory changes. This commitment distinguishes us and provides our clients with peace of mind and confidence in our trust solutions.
- FGA Trust complies with Know Your Customer (KYC) regulations, ensuring thorough customer verification to meet global standards. Our verifications promote transparency, mitigate risks, and uphold trust between our clients.
- We adhere to strict Anti Money Laundering (AML) regulations, with measures to detect and prevent illicit activities. Our compliance framework maintains the integrity of our trust services.
About FGA Asset Trust Services - FAQs
1. What is a family trust?
A family trust is a form of private trust used for family wealth management, property succession, and tax planning. Established by a family member (settlor), it involves transferring property to a trustee, who manages the assets per the settlor's instructions. Beneficiaries are typically family members.
Family trusts offer professional asset management by a TCSP HK, ensuring property is passed to future generations according to the settlor's plans, with significant tax advantages. Working with a trust company HK helps preserve family wealth, minimize conflicts, and achieve long-term financial goals.
2. What types of trust services can a Hong Kong trust company provide?
A Hong Kong trust company offers a comprehensive range of trust services to address various financial and personal needs. These include family trusts, which manage and protect family wealth for smooth succession and future financial security, and charitable trusts, which support philanthropic causes while offering potential tax benefits. Education funds are set up to cover educational expenses for beneficiaries, ensuring funds are available for schooling and higher education. Retirement funds help individuals save and manage money for their post-retirement life. Project financing trusts are designed to finance specific projects, ensuring proper fund management and allocation. Lastly, estate planning services assist in the efficient planning and distribution of an individual's estate, minimizing taxes and ensuring assets are passed on according to the individual's wishes. By offering these diverse services, HK trust companies provide tailored solutions for wealth management, philanthropy, education, retirement, project funding, and estate planning.
3. Why choose a Hong Kong trust company for family trust services?
Choosing a Hong Kong trust company for family trust services has numerous reasons. Firstly, Hong Kong boasts a stable legal system, providing a secure and reliable foundation for establishing and managing trusts. The region's robust financial infrastructure ensures access to world-class banking and investment services, supporting the effective management of your assets.
Moreover, HK trust companies possess extensive international wealth management experience, making them adept at handling complex financial portfolios and cross-border asset planning. These companies also offer multilingual services, catering to the diverse needs of clients from various nationalities, ensuring clear communication and personalized service.
Additionally, Hong Kong's favorable tax policies provide significant benefits for trusts, including tax efficiency and reduced financial burdens. This makes HK trust companies particularly advantageous for cross-border asset management and estate planning. In summary, a Hong Kong private trust company combines legal stability, financial expertise, international experience, multilingual support, and tax advantages to deliver comprehensive and effective family trust services.
4. How does a HK trust company ensure the safety of asset trusts?
A HK trust company ensures the safety of asset trusts through a multi-faceted approach. Firstly, they adhere to strict laws and regulations established by the Hong Kong government, providing a legal framework that protects clients' assets. This compliance with stringent legal standards ensures that all trust operations are conducted transparently and lawfully.
Additionally, HK trust companies employ advanced risk management and asset protection strategies. These strategies include the use of cutting-edge technologies and methodologies to monitor and mitigate potential risks, safeguarding the assets under their management from various threats.
Regular audits and compliance checks are also a key component of ensuring asset safety. These routine evaluations help maintain high standards of operation, identify any areas of concern promptly, and ensure ongoing adherence to regulatory requirements. By combining legal compliance, sophisticated risk management, and rigorous auditing practices, a HK trust company provides a secure and reliable environment for managing and protecting asset trusts.
5. What are the advantages of choosing a Hong Kong trust company?
Choosing a Hong Kong trust company offers several significant advantages. Firstly, you receive professional wealth management advice from experts who understand the complexities of managing and growing your assets. Secondly, HK trust companies provide flexible family trust designs tailored to meet your unique financial goals and needs. Additionally, utilizing a HK trust company allows you to benefit from the region's favorable tax regime, which can help reduce your overall tax burden. Lastly, Hong Kong's position as a global financial hub grants you access to international financial markets, enabling diversified investment opportunities and enhanced growth potential. In summary, a HK trust company combines professional expertise, personalized trust solutions, tax efficiency, and global market access to provide a comprehensive and advantageous wealth management experience.
6. What areas do family trusts established by a trust company cover?
Family trusts cover a wide range of areas, such as asset management, wealth succession planning, estate planning, education fund establishment, charitable fund establishment, retirement planning, and tax planning. Asset trust services aim to provide clients with one-stop wealth management solutions, helping international and Hong Kong trust clients achieve personal and family financial goals.
A trust company HK can help clients manage their wealth more effectively, ensuring that personal and family financial goals are achieved. By partnering with a private trust company in Hong Kong, clients can benefit from expert guidance in various aspects of financial planning and asset protection.
7. What are the main benefits of using a family trust?
The main benefits of using a family trust include professional asset management, ensuring compliance with legal and tax obligations, providing a structured way to benefit heirs or charitable causes, and potentially managing or avoiding probate. Family trusts offer professional asset trust management, leveraging the expertise of trust companies to grow and protect your wealth. They ensure that all legal and tax obligations are met, reducing the risk of legal issues and financial penalties.
Additionally, family trusts of TCSP licensee provide a structured approach to distributing assets to heirs or supporting charitable causes, aligning with your long-term goals and values. They can also simplify the transfer of assets by potentially avoiding the probate process, which can be time-consuming and costly. Lastly, trust services offer peace of mind, as they ensure that your assets are managed and distributed according to your wishes, providing financial security and stability for your beneficiaries.
8. How can trust services be terminated?
To terminate a trust service, first check the trust deed to understand the termination terms and conditions of the private trust company, and communicate your intention to terminate with the trustee. The trustee will assist you in carrying out the relevant procedures according to the deed. If needed, seek legal advice to ensure the process is lawful. After terminating the trust, determine how to handle and distribute the assets, including transferring them to the beneficiaries or returning them to the settlor, and manage the necessary documentation and tax matters. Each trust deed may have different termination procedures, so it is crucial to follow the deed's provisions and seek professional advice.
In Hong Kong, a TCSP licensee plays a vital role in facilitating trust services, including their termination. When working with a TCSP in Hong Kong, ensure that the TCSP licensee Hong Kong you choose is well-versed in local regulations. Their expertise can help navigate the complexities of terminating a trust, ensuring compliance with all legal and tax obligations while managing asset distribution efficiently.
9. Are family trusts confidential?
When established through a trust company in Hong Kong, family trusts benefit from the region's robust legal framework that safeguards client information. A private trust company can further ensure that your trust remains confidential and secure. Additionally, partnering with a TCSP licensee in Hong Kong guarantees adherence to local privacy regulations, providing an extra layer of protection for your family's financial matters.
10. Will I lose control of my assets after establishing a family trust with a private trust company?
The settlor can request the private trust company's consent to make suggestions on how to distribute family trust assets. After the settlor's death, the private trust company will manage the trust assets according to the will.
After establishing a family trust with a private trust company, you will not completely lose control over your assets. The assets of a family trust are managed by a trustee, but the settlor can designate themselves or family members as trustees in the trust deed to retain some control. The trust deed is flexible and can be tailored to the settlor's wishes for managing and distributing assets, effectively protecting them from legal actions, creditors' claims, and marital property division. When establishing a trust, it is important to carefully consider the terms of the trust deed and seek professional legal and financial advice if needed.
11. Will I lose my assets if the asset trust goes bankrupt?
Trust assets are well protected and separated from the trustee private trust company's own assets. When an asset trust goes bankrupt, the trust is not allowed to use the assets within the trust to resolve its financial problems, as trust assets are entirely separate. Therefore, trust assets are not affected by the failure of the asset trust and can be transferred to another Hong Kong trust or trustee.
12. What is a trust platform?
A trust platform provided by a private trust company is an online system offering trust management services, enabling settlors, trustees, and beneficiaries to efficiently manage trust assets. These family trust platforms typically include property management, tax planning, asset distribution, and other services related to family trusts, allowing users to monitor and operate trust assets anytime, anywhere.
When choosing the right trust platform of a private trust company, several key factors should be considered to ensure it meets your needs effectively. First and foremost, prioritize the platform's security. A trust platform of a private trust company with high security standards will safeguard your assets and personal information from potential threats. Additionally, evaluate the user interface for its friendliness and ease of use, as a well-designed interface can simplify the management of your trust.
Consider the types of family trusts offered by the platform. Ensure that it provides a variety of trust options that can be tailored to your specific financial goals and needs. The fee structure is another crucial aspect; look for transparent and reasonable fees that align with the services provided.
It is also advisable to choose a trust platform of a private trust company with a strong track record and extensive experience in trust services. Platforms with rich experience are likely to provide more reliable and comprehensive support. Finally, pay attention to user reviews and ratings, as positive feedback from other users can indicate a trustworthy and efficient platform.
When selecting a trust platform, consider partnering with a TCSP HK. A TCSP licensee in Hong Kong brings expertise and adherence to local regulations, ensuring that your trust services are managed effectively and securely. By considering these factors and working with a reputable TCSP Hong Kong, you can select a trust platform that offers security, usability, diverse trust options, and reliable service.
A private trust company trust platform serves several key functions to facilitate effective trust management. These functions include the management and monitoring of trust assets, ensuring that they are properly overseen and maintained. Financial reporting is another crucial function, providing detailed reports on the financial status and performance of the trust.
Tax processing is an essential feature, handling all tax-related matters to ensure compliance and efficiency. The platform also aids in asset trust distribution planning, helping to devise strategies for the distribution of trust assets according to the settlor's wishes. Additionally, trust platforms of private trust companies offer related legal and tax consulting services, providing expert advice to navigate complex regulatory landscapes.
Most trust platforms use high-standard data encryption and security protocols to ensure the safety of user information and transactions. However, when choosing a trust platform, it is important to carefully evaluate the security certifications and user reviews to ensure it meets your safety standards. Partnering with a HK TCSP can provide additional assurance, as these HK TCSPs adhere to stringent regulatory requirements and industry best practices.
Users should also regularly update their login passwords and security settings to further enhance security. By selecting a reputable trust platform, particularly one associated with a TCSP Hong Kong, you can be confident in the platform's ability to protect your assets and personal information.
To start using a trust platform of a private trust company, it is essential to first clarify your trust management needs. Consider the types of asset trusts you want to manage, your financial goals, and any specific family trust requirements you may have. Once you have a clear understanding of your needs, you can search for a trust platform that meets these criteria.
Next, follow the platform's instructions to register and create an account. This process typically involves providing relevant personal information, details about your assets, and necessary Hong Kong trust documents. Working with a TCSP HK can be beneficial, as they can guide you through the setup process, ensuring that all required information is accurately submitted.
After your account is established, you can begin managing your trust assets through the platform. This will allow you to oversee and control your trusts, ensuring that your financial goals and trust management needs are effectively met. For specific guidance and support, consult directly with the chosen TCSP Hong Kong to ensure a smooth and efficient setup process.
In a family trust established by a Hong Kong private trust company, you can designate any individual or professional institution as the trustee, including yourself. According to Section 2c of the Trust Recognition Ordinance (Chapter 76), the settlor of a Hong Kong trust has the right to designate themselves or a specific group, such as their descendants (children or grandchildren), as beneficiaries.
Yes, in a family trust under a Hong Kong trust, you have the right to designate future descendants, such as unborn children or grandchildren, as beneficiaries. The Trustees Ordinance provides clear guidance allowing unborn individuals to be included in the beneficiary scope so that they can benefit from the asset trust once they are born. When establishing a family trust with a TCSP HK, a TCSP licensee in Hong Kong can help ensure that the trust deed is properly structured to include unborn beneficiaries, guaranteeing that your future descendants will benefit from the trust's assets as intended.
Our HK trust company advises that due to restrictions on cross-border transfers of assets in China, directly transferring assets located in China to an offshore family trust may face challenges. However, if the asset is held by an overseas company, it can be indirectly managed through a family trust or asset trust platform, requiring detailed legal assessment by a professional private trust company based on specific circumstances.
Trust services and a will differ in property management and succession. Trust services, especially those established by a professional Hong Kong trust or asset trust, take effect upon establishment, allowing the settlor to transfer assets to the trustee for immediate management and distribution, avoiding probate. Trusts manage and protect property during and after the settlor's lifetime. In contrast, a will takes effect only after death, directing property distribution through a potentially lengthy and public probate process.
A Hong Kong trust, particularly one established through a TCSP HK, offers greater flexibility, control, and potential tax advantages. By partnering with a TCSP licensee in Hong Kong, you can ensure your property is managed and distributed according to your specific wishes and needs. Trust services provide a more efficient, private, and flexible solution for property management and succession compared to a will.
In the absence of a will or trust arrangement with a trust company, assets will be distributed according to the legal provisions of the Intestate Estates Ordinance, meaning the assets will be distributed to the statutory heirs of the decedent, such as spouses, children, or parents. Through a Hong Kong trust or asset trust established family trust, assets can be distributed directly and efficiently according to the settlor's specific wishes, avoiding the complexity and delays of legal procedures. Choosing an asset trust ensures that assets are distributed according to the settlor's wishes and provides additional asset protection and tax advantages through a private trust company.
Establishing trust services through an asset trust of the TCSP in Hong Kong offers significant benefits that enhance your financial management and planning. Trust services provide property protection, safeguarding your assets from potential creditors and legal risks, while also offering substantial tax advantages that help minimize estate and inheritance taxes. By bypassing the lengthy and costly probate process, trusts facilitate smoother and quicker asset transfers, ensuring your beneficiaries receive their inheritance promptly.
Additionally, trusts enhance the privacy of property transfers, as the details remain confidential and do not become part of the public record. A trust company can manage the distribution of your assets according to your specific wishes and timeline, providing professional oversight and ensuring your intentions are faithfully carried out. Furthermore, trust services offer long-term financial support for particular family members, such as minors, elderly parents, or individuals with special needs, ensuring their financial security over time.
When considering trust services, it's important to work with a HK TCSP. A TCSP licensee in Hong Kong is well-equipped to navigate the complexities of trust management, providing expert advice and comprehensive solutions tailored to your needs. By partnering with a reputable TCSP Hong Kong, you can create a comprehensive and tailored financial strategy that protects your assets, meets your family's needs, and aligns with your long-term goals.
The cost of setting up a family trust can vary widely based on several factors, including the type of trust, its complexity, and the trust company you choose. Generally, the expenses involved in establishing an asset trust include setup fees, ongoing management fees, and advisory fees for family trust services. These costs can differ significantly from one trust company to another and depending on the specific services required.
For a precise understanding of the costs involved, it is advisable to consult directly with your chosen HK trust company. They can provide detailed information tailored to your specific needs and circumstances, ensuring that you have a clear picture of the financial commitment required to establish and maintain a family trust.