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Thailand: Proposed legislation to allow trusts for private asset management

Thailand: Trusts for private asset management

The Thai Cabinet approved legislation referred to as the “Bill on Trust for Private Asset Management.”


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The bill would allow for the creation of a trust for the purpose of personal asset management. Under current law, only a trust for transactions in the capital market can be created. Therefore, objectives of the proposed legislation would be to facilitate personal asset management in a form of trust, and to reduce repatriation of assets out of Thailand (in order to benefit the country’s economy).

The bill will be sent to the Council of State for review and approval. Thus, there are certain proceedings that must be completed before the bill can become law.


Read a September 2018 report prepared by the KPMG member firm in Thailand

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