Private Trust Companies (PTCs)

PTCs are companies which are incorporated in an offshore jurisdiction for the purpose of acting as corporate trustees of specifics trusts or of a number of related trusts.

It is suitable for families of substantial wealth such that the strategic management of its underlying assets is encompassed within a structure, whereby a degree of control is retained and distributions to the family members are made within the framework set.

The responsibility of the administration of the family trusts remain with the board of directors, which has under its administration the trust assets. The board of the PTC may consist of a combination of family members, family advisers, and individuals with specialist expertise and trust professionals.