Is a trust a legal entity in Hong Kong?
Could you kindly clarify for me if a trust is considered a legitimate and recognized legal entity within the jurisdiction of Hong Kong? I'm interested in understanding its legal status and whether it enjoys the same rights and obligations as other types of legal entities in the territory. Thank you for your assistance in clarifying this matter.
Is a trust a legal entity in Hong Kong?|. Rather, it is going to be a private arrangement between you and the party you choose to legally entrust your assets to. This legal party (a trustee) is one you have chosen for a specific purpose.A trust in Hong Kong is not considered a legal entity
Could you clarify for me, is a trust recognized as a legal entity in Hong Kong? Or, does it simply constitute a personal arrangement, where I select an individual or entity to whom I legally entrust my assets? This individual or entity, known as a trustee, is chosen by me for a designated purpose. From what I understand, a trust in Hong Kong is not a formal legal entity. Is this correct?