Xequte User Forums
Xequte User Forums
Profile | Join | Active Topics | Search | Forum FAQ
     
Forum Tips
» This forum is for users to discuss their software problems and suggestions for improvement.  Remember that only a tiny percentage of our users experience such problems (To be precise less than 0.7% have ever posted on this forum)
» Include your software version number (as displayed in the About Box)
» Check the FAQ before posting as most common questions have already been answered
» You don't need to also e-mail us separately as our support team will respond to all questions on this forum
 
 All Forums
 Xequte User Forums
 MailList King
 What Is The Benefits of Using a PTC

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize:
UserName:
Password:
Format Mode:
Format: BoldItalicizedUnderlineStrikethrough Align LeftCenteredAlign Right Horizontal Rule Insert HyperlinkInsert EmailInsert Image Insert CodeInsert QuoteInsert List
   
Message:

* HTML is OFF
* Forum Code is ON
Smilies
Smile [:)] Big Smile [:D] Cool [8D] Blush [:I]
Tongue [:P] Evil [):] Wink [;)] Clown [:o)]
Black Eye [B)] Eight Ball [8] Frown [:(] Shy [8)]
Shocked [:0] Angry [:(!] Dead [xx(] Sleepy [|)]
Kisses [:X] Approve [^] Disapprove [V] Question [?]

  Attach a photo to your post
 
Check here to subscribe to this topic.
   

T O P I C    R E V I E W
johnwaxey Posted - Nov 23 2020 : 01:54:20
The Regulations endorse various conditions which the Private Trust Company (PTC) needs to meet to be excluded from the prerequisite to holding a Restricted Trust License. They are:


  • The Private Trust Company should be consolidated in the Cayman Islands (by and large as an excluded organization, restricted by shares)


  • To keep up an enrolled office in the Cayman Islands (at the workplace of an organization that holds a Trust License under the Banks and Trust Companies Law)


  • That the name of the organization incorporates the words Private Trust Company or the letters (PTC)


  • That the Private Trust Company leads just associated trust business.


    • It at last tumbles to the Trust License Holder to guarantee that all due constancy necessities are met according to the (PTC).


Among the advantages of utilizing a Private Trust Company (PTC) as trustee seems to be:

  • Confidentiality can be kept up by utilizing a Private Trust Company (PTC), instead of an enormous and exceptionally controlled worldwide budgetary establishment as trustee.


  • Private Trust Company permits trusteeships to be orchestrated among a gathering of trusts (even those administered by various laws).


  • Private Trust Company encourages the immediate association of relatives (and confided in guides) in the dynamic cycles.


  • Succession issues are diminished by organizing for the proprietor of the PTC to be a Family Trust.


  • PTC can be set up rapidly and at much cheaper than building up a Trust Company with Restricted Trust License.