STEP To Hold Singapore Trusts Conference
by Mary Swire, for LawAndTax-News.com, Hong Kong
23 August 2005
The Asia Pacific region is fast establishing its financial services offering through its
strategic location, stable infrastructure and reliable multinational links.
Trusts in Asia Pacific, to be held on 26-27 October 2005, will highlight the
growth of trusts, wealth management and estate planning in Singapore, Hong Kong,
Australasia and beyond.
Recent developments have resulted in Singapore positioning itself as a wealth
management center in the region. There has been a significant updating of the
trust legislation and the establishment of a new framework for trust companies
operating in and from Singapore. Singapore recently exempted from tax foreign
sourced income remitted into Singapore by resident individuals, where such remittances
were previously subjected to tax. Singapore continues to develop its appeal
for wealth managers and private bankers. Looking across the Asia Pacific region,
Hong Kong remains strong and Australia is also emerging as a hot spot for wealth
management.
It is at this exciting time in the development of the region that STEP presents
this first class opportunity to discuss, network and learn about the relevant
topics affecting the Asia Pacific region today and tomorrow. Regional and international
speakers include a keynote address from the Monetary Authority of Singapore
(MAS); Mr Justice Hayton, Professor of Law at King's College London, and Gurbachan
Singh, Head of Tax at Khattar Wong. Over twenty five highly respected speakers,
during two days, will cover topics ranging from trust and case law developments
across Singapore, China, India and Taiwan to private client planning, pre-migration,
inbound tax and trust planning and Islamic banking.
"Trusts in Asia Pacific is a breakthrough for STEP as the largest STEP
event in Asia to date. With over 11, 000 members worldwide, STEP is now recognized
as the global professional body for those advising on trusts, estates and personal
and family wealth management. Lawyers, accountants, trust managers, bankers
and other practitioners involved in the management of private wealth, trust
and estate planning should make this conference their priority." said David
Harvey, Chief Executive of STEP Worldwide.
STEP is the professional body for trust and estate practitioners. Worldwide,
over 11,000 members work across the legal, accountancy, trust, banking, insurance
and related professions. www.step.org.
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