Your family's own trustee, under your control.
A Labuan private trust company acts as trustee for your family alone. The family controls the board. We hold the licence, act as the agent the law requires, and run the administration.
Make an enquiryA dedicated trustee, controlled by the family.
Families building a dynastic plan want institutional discipline over their trusts without handing every decision to a commercial trustee. They need a structure that sits cleanly inside Labuan FSA rules while keeping the family at the centre.
A private trust company answers that. It is a corporate trustee for one family and its connected persons only, incorporated under the Labuan Companies Act 1990, with the family controlling the board and a licensed Labuan trust company as its agent. We act as that agent and administrator.
See why families use itWho a private trust company is for.
It suits families who want their own trustee, not a commercial one, at the centre of the plan.
Multi-generational families
One trustee across several trusts, run with consistent governance over time.
Founders keeping control
Owners who want a dedicated trustee they sit on, not one deciding alone.
Concentrated or operating assets
Holding a family company or a concentrated portfolio a commercial trustee may avoid.
Dynastic planning
Bringing the next generation onto the board as the years pass.
A licensed Labuan trust company as your agent, accountable to you.
Because we hold the Labuan FSA licence ourselves, the agent that carries the regulatory weight and files for your trustee is the regulated firm you spoke to, not a broker who sub-contracts the role. We serve you in English, Chinese and Malay.
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How a private trust company works.
A private trust company stands on three things at once. The family holds the controls, a licensed agent carries the regulatory weight, and the structure carries genuine substance in Labuan. We line all three up before the trustee accepts a single trust.
- The family controls the board and sets the governance terms in the constitutional documents.
- A licensed Labuan trust company must act as agent. We hold licence LMT0081 and take that role.
- The shares are often held through an orphan structure, so no individual owns the trustee.
- It acts as trustee only for the family's connected-person trusts, under a letter of undertaking.
How a private trust company is structured.
Incorporation, the agent, connected persons, board, substance and tax under the Labuan Companies Act 1990 and the LFSSA.
- What it is
- A corporate trustee for one family, acting only for the connected persons of a single settlor, not the public.
- Incorporation
- A Labuan company under the Labuan Companies Act 1990, registered by Form LTC under the Labuan Financial Services and Securities Act 2010.
- Licensed agent
- It must appoint a licensed Labuan trust company as agent to keep the records and file with Labuan FSA. We act as that agent.
- Connected persons
- Each beneficiary is a connected person of the settlor. A letter of undertaking limits the company to those private trusts.
- Board and control
- The settlor, family and advisers can be directors, and the board can change across generations. Shares are often held through an orphan structure.
- Substance
- At least three full-time employees in Labuan, minimum annual operating expenditure of RM120,000, and a registered office.
- Tax
- Taxed under LBATA at 3% of audited net profits, where the substance requirements are met.
Why families use a private trust company.
Control, continuity and licensed oversight in one trustee.
Your own trustee
A trustee dedicated to one family, not a commercial one serving the public, with the family at the centre of decisions.
Stay at the table
The family controls the board and sets the governance terms, keeping a direct role in trustee decisions for its own trusts.
One trustee, many trusts
A single company can act across related trusts, for different branches or asset classes, with one governance forum.
Licensed oversight
A licensed Labuan trust company carries the regulatory weight as agent, so family control sits on a regulated base.
Owned by no one
Shares held through an orphan structure keep the trustee independent of any single individual.
Built on real substance
Staff, expenditure and an office in Labuan, so the structure is taxed at 3% under LBATA where the substance rules are met.
A private trust company or a single trust?
A Labuan family trust places assets with us as your professional trustee under a deed. A private trust company gives the family its own trustee to sit on, useful when there are several trusts or an operating business to hold under one governance forum.
We help you choose, and the trustee can hold a Labuan foundation or other structures where that fits the plan.
How we set up your private trust company.
Four steps from scoping the family to a working trustee, run by the team that administers it afterwards.
Scope the family structure
We map the family, the assets and the trusts the trustee will hold, set the governance balance, and confirm the substance footprint.
Incorporate and document
We incorporate the company under the Labuan Companies Act 1990, draft the constitutional documents, and set up the orphan ownership where used.
Appoint agent and office
We are appointed as the licensed Labuan trust company agent, establish the registered office, and put the staff and expenditure in place.
Accept trusteeship and administer
The company accepts trusteeship of each family trust. We run the statutory records, accounts, filings and board support.
Frequently asked.
Direct answers on connected persons, fit-and-proper, the licensed agent, permitted business, tax and fees.
What is a Labuan private trust company?
A Labuan private trust company is a company incorporated under the Labuan Companies Act 1990 to act as trustee only for the trusts of one family, the connected persons of a single settlor. It does not offer trustee services to the public. The family controls the board, and a licensed Labuan trust company acts as its agent.
Who qualifies as a connected person for a Labuan PTC?
A connected person is someone related to the settlor of the trust, such as family members, and entities connected to them. Every beneficiary of a trust held by the private trust company must be a connected person, which keeps it a single-family trustee rather than a public one.
What are the fit-and-proper requirements for a Labuan PTC?
The directors and officers who manage the private trust company must be fit and proper under Section 4 of the Labuan Financial Services and Securities Act 2010, assessed on integrity, competence and financial soundness.
Does a Labuan PTC need a licensed agent?
Yes. A private trust company must appoint a licensed Labuan trust company as its agent. The agent keeps the statutory records and files with Labuan FSA. QX Trust holds Labuan Managed Trust Company licence LMT0081 and acts in that agent role.
What business can a Labuan PTC carry out?
A private trust company may act as trustee only for the private trusts of its connected persons. It gives Labuan FSA a letter of undertaking that it will carry on no other trust business, and it does not serve the public.
How is a Labuan private trust company taxed?
A Labuan private trust company is taxed under LBATA at 3% of audited net profits, where the substance requirements are met.
What are the fees for a Labuan PTC licence?
A private trust company pays Labuan FSA registration and annual fees, plus the ongoing cost of the licensed agent and the Labuan substance. We confirm the current amounts when we scope your structure.
What is the difference between a Labuan PTC and a licensed Labuan trust company?
A licensed Labuan trust company, like QX Trust, can act as trustee for the public. A private trust company may act only for one family's connected-person trusts and must appoint a licensed trust company as its agent.
Considering a private trust company?
Tell us about your family and your trusts. We scope the structure, incorporate it, and run the agent role under our Labuan FSA licence.
Make an enquiry Or WhatsApp our team