Frequently Asked Questions

General

01

What is a trust and why should I consider setting one up?

A trust is a legal structure that allows a third party (trustee) to hold assets on behalf of one or more beneficiaries. Trusts are commonly used for asset protection, succession planning, tax optimization, and wealth preservation.
02

What is the difference between a trust and a will?

A will only takes effect after death and goes through probate, while a trust can take effect immediately, allowing for efficient wealth transfer, privacy, and asset protection during the settlor's lifetime.
03

Who typically needs fiduciary and trust services?

Private individuals, family offices, corporations, asset managers, and institutional investors often require fiduciary services for wealth structuring, investment vehicles, or employee benefit plans.
04

What types of trusts does Prime Shan Asia Limited offer?

Prime Shan Asia Limited provides private trusts, pension and employee benefit trusts, escrow and custodial arrangements, fund trustee services, specialist trusts (orphan, purpose, charitable), and fully customized fiduciary structures.
05

In which jurisdictions can Prime Shan Asia Limited operate?

We primarily operate under Hong Kong regulations but work with international partners to establish structures in other leading financial centers.
Frequently Asked Questions

Private Trusts

06

What is the purpose of a private trust?

Private trusts are designed to protect and manage assets for families and individuals, ensuring intergenerational wealth transfer, tax planning, and asset protection against unforeseen circumstances.
07

Who can be the beneficiaries of a private trust?

Beneficiaries can be family members, business partners, charitable organizations, or any individual or entity designated by the settlor.
08

Can I change the terms of my trust later?

In many cases, trusts can be designed with flexibility to allow amendments depending on the settlor's preferences and legal restrictions.
Frequently Asked Questions

Pension & Employee Benefit Trusts

09

What is the purpose of a private trust?

Private trusts are designed to protect and manage assets for families and individuals, ensuring intergenerational wealth transfer, tax planning, and asset protection against unforeseen circumstances.
10

Who can be the beneficiaries of a private trust?

Beneficiaries can be family members, business partners, charitable organizations, or any individual or entity designated by the settlor.
Frequently Asked Questions

Escrow & Custodial Services

11

What is the role of an escrow agent?

An escrow agent holds funds, assets, or documents safely during a transaction, only releasing them when the predefined conditions are fulfilled by the involved parties.
12

When is escrow or custodial service typically used?

In mergers and acquisitions, capital markets deals, private placements, and other transactions where independent third-party asset holding is required.
13

Can Prime Shan Asia Limited act as an escrow agent for international transactions?

Yes, we can serve both local and international clients with escrow and custodial arrangements.
Frequently Asked Questions

Fund Trustee & Investment Vehicles

14

What is a Collective Investment Trust (CIT)?

A CIT is a pooled investment vehicle commonly used by institutional investors to efficiently manage assets under a collective arrangement.
15

How do unregistered funds and group trusts work?

These structures are often used to provide cost-effective, flexible investment solutions without the need for full registration as investment funds, while still maintaining legal and fiduciary safeguards.
16

What is an orphan trust and when is it used?

Orphan trusts are commonly used in structured finance and securitization transactions to isolate assets and limit liability.
Frequently Asked Questions

Regulatory & Licensing


17

Is Prime Shan Asia Limited licensed and regulated?

Yes. Prime Shan Asia Limited is officially registered in Hong Kong as a trust company under Section 78(1) of the Trustee Ordinance (Cap. 29) and holds a valid Trust or Company Service Provider (TCSP) license (License No. TC009193), issued under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615).These authorizations confirm our legal status and regulatory approval to offer professional trust and fiduciary services in Hong Kong.
18

How does Prime Shan Asia Limited ensure regulatory compliance?

We operate within a robust legal and compliance framework established by Hong Kong’s trust and anti-money laundering regulations.As a licensed TCSP, we maintain strict internal controls, conduct regular risk assessments, and ensure full adherence to the requirements of the Trustee Ordinance and Cap. 615 AML/CFT regulations.Our team is committed to upholding transparency, legal integrity, and the highest professional standards in every aspect of our operations.
Frequently Asked Questions

Operations & Onboarding

19

How do I start working with Prime Shan Asia Limited?

Contact us to schedule a confidential consultation. Our team will guide you through the onboarding process and design the most appropriate solution for your needs.
20

What information and documents are required to set up a trust?

Typically, we require identification documents, information about assets, intended beneficiaries, and objectives for the trust.
21

How long does it take to establish a trust?

Depending on the complexity, most trusts can be established within 2–6 weeks.
22

Does Prime Shan Asia Limited work with external advisors (lawyers, accountants, asset managers)?

Yes. We frequently collaborate with our clients' existing advisors or recommend trusted professionals where necessary.
23

What are Prime Shan Asia Limited's fees for trust and fiduciary services?

Our fees vary depending on the complexity and scope of the structure. We provide transparent and competitive pricing tailored to each project.