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What is a Singapore Trust?
A Singapore Trust refers to a legal and financial structure that allows individuals or entities to manage and distribute their assets for various purposes, such as wealth preservation, estate planning, and asset protection. Singapore has established itself as a reputable jurisdiction for setting up trusts due to its robust legal framework, political stability, and favorable tax environment.
It's important to note that while Singapore Trusts offer many benefits, they must comply with local laws and regulations. Therefore, individuals or entities interested in establishing a Singapore Trust should seek legal and financial advice to ensure they meet all requirements and understand the implications of the trust structure.