Cambodia boasts a rapidly expanding economy, renowed for its stability within the Southeast Asian region. The country utilizes both the Khmer Riel and the US dollar as official currencies. Demographically, Cambodia's youthful population — with an average age of 26 years and increasing life expectancy of 71.5 years — alongside the burgeoning middle class, underpins its promising trajectory towards future development.
Privacy Protection
Upon establishment of a trust, the identities of both the trustor and the beneficiary(ies) remain strictly confidential and undisclosed. Additionally, the trustor enjoys legal protection under Cambodian laws, including the 'Financial Law', 'Sub Degree', and 'Prakas' issued by the Trust Regulator in Cambodia.
Mitigating Risks from Unforeseen Events
Once assets are entrusted to the trustee, legal ownership transfers to the trustee, effectively isolating the assets from the trustor. This creates a protective barrier against potential erosion due to debts, financial liabilities, and unforeseen events.
Tax Planning
Trustors can significantly reduce their tax burden and enhance tax planning by utilizing a well-structured trust.
Ownership
Within the asset trust framework, assets are held by the trust while the trustor continues to benefit from them. The trustor has the flexibility to transfer assets to intended beneficiaries or other agreements, as specified in the Trust Deed, which is safeguarded by trust law. This approach also mitigates the risk of placing assets under the name of a proxy, nominee, or third party.
Effective Inheritance
Streamline wealth transfer by bypassing court probate or administrative processes, ensuring efficient asset distribution to intended beneficiaries. Minimize costs associated with inheritance, probate, and legal fees, while preventing family disputes over inheritance.
Privacy Protection
Mitigating Risks
Tax Planning
Ownership
Effective Inheritance
