ShintoMystic
Sun Jun 09 2024
|
5 answers
1450
Can you create a trust in Germany?｜Although the concept of trusts is not formally recognised in German law, . This company is established to act similarly to a trustee and therefore will not engage in commercial activity.options such as creating a trustee company are available
Could you please elaborate on the possibility of establishing a trust in Germany? It seems that while the legal framework does not formally acknowledge the concept of trusts, there are workarounds such as the establishment of a trustee company that operates analogously. Could you explain how such a company differs from a traditional commercial enterprise and how it functions in lieu of a formal trust structure? Additionally, are there any specific legal requirements or regulations that need to be adhered to when pursuing this alternative route? Thank you for your assistance.
