There is nothing magical about a shelf company, which I have previously noted, is a rare thing in Singapore. A company is a company is a company. Period. End. Further, I don't know what you mean when you say, "then entangle that with a trust" because the rules are quite clear.WHITE ASIAN wrote:MAX, you probably have a point how ever, as i understand it, a shelf company can be a completely new entity with an association with an Australian or any other company from almost anywhere in the world...a "subsidiary of" lets say...then entangle that with a trust...
It really is all about making sure my wife & child is taken care of after I am gone along with making sure no greedy little manipulative fingers can have access to her well being...oh to look at the world through my wife eyes...I how ever am less trusting....born a "whiteman" living in Asia is somewhat seen as a "walking ATM"...just sayin..
An exempt private limited company is limited to a maximum of 20 shareholders and all of them must be real persons... no corporations or trusts.
A non-exempt private limited company is limited to a maximum to 50 shareholders and the shareholders can be another corporation or trust. Shareholders do not need to be resident in Singapore.
Shareholders can be voting or non-voting members of the company. Voting members are issued common stock, non-voting members are typically issued preferred stock, with no voting rights but typically with other rights over common stock including preference for dividends and liquidation.
Directors have to be real people, not corporations or trusts. At least one of them must be resident in Singapore. You must have a registered address that is open to the public at least three hours per business day.
So, there's not really any "entanglement"... a trust can be a shareholder of the the company... that's it. You can set it up so that you are the primary common shareholder, set up the trust as preferred shareholder, with superior rights to all dividends paid. That way you retain voting control but the trust gets all the profits.