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Question: About Labuan Trust
4-1. About Labuan Trust Overview
Answer: The origin of trust is a concept derived from the British rules of equity. Trust refers to a mechanism in which a Settlor assigns a specific property (trust property) to a trustee and manages and operates the trust property to provide benefits to the beneficiaries. In order to set up a trust, the trustee designates a specific property and transfers its ownership and title to the trustee. In addition, the trustee manages the property for the beneficiary according to the instructions of the setter. Normally, when setting up a trust, a document called “Trust Deed” is created.