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Question: What is the procedure and term until set up?
4-2. About Set Up Labuan Trust
Answer: For Register Trust: STEP 1: Customer due diligence screening by BTC compliance team (1-2 working days) STEP 2: Issuance of invoice to client (1 working day) STEP 3: Review of Trust Deed of client, and make amended if any. (5-10 working days, depend on the complexity of Trust Deed content) STEP 4: Upon payment received and returning of signed trust deed, registration documents & original notarised KYC documents from client. Proceeding for registration submission to Labuan FSA (*optional) (21 working days) STEP 5: Official Trust Registration Certificate received from Labuan FSA (1-2 working day) Establishment Term : 30-37 working days For Non- Register Trust: STEP 1: Customer due diligence screening by BTC compliance team (1-2 working days) STEP 2: Issuance of invoice to client (1 working day) STEP 3: Review of Trust Deed of client, and make amended if any. (5-10 working days, depend on the complexity of Trust Deed content) STEP 4: Upon payment received and returning of signed trust deed & original notarised KYC documents from client. make record for creation of trust (2-3 working days) Establishment Term : 10-15 working days