Anyone Heard of UTGL? Trusted Trustee in Hong Kong?

[ssttyy]

I recently came across a company called UTGL

From what I’ve read, they offer tailored trust solutions and emphasize confidentiality, but I haven’t seen much feedback about them online.

Has anyone here had experience with UTGL or similar companies in Hong Kong? Are trust services in HK worth considering for international asset protection? Any advice or insights would be much appreciated!

 

[koohl]

New user, first post with an embedded link using a keyword! If you rely on backlinks and Google ranking to run your business, be assured I wouldn’t touch you with a ten-foot pole!

Besides, your site looks like it’s meant to attract teenagers and young people in their 20s to 30s who might have come into money through inheritance or other means and generally have little understanding of finance beyond spending money on booze, women, and flashy cars!

 

[ssttyy]

what do you mean
nahhh I was just googling Hong Kong and Singapore bank accounts

 

[brianK]

Another potential bot has arrived at OCT, thinking we’re all complete idiots here.

I wish I had a big mirror with magical powers so I could turn it toward the person making such posts. On the mirror, it should say: Mirror, mirror on the wall, who is the biggest fool of them all?

 

[ssttyy]

Whoa, thought this might be a good place to get advice from people who know more about this world than I do. No harm intended!

 

[ilke]

New user, first post with an embedded link using a keyword! If you rely on backlinks and Google ranking to run your business, be assured I wouldn’t touch you with a ten-foot pole!

Besides, your site looks like it’s meant to attract teenagers and young people in their 20s to 30s who might have come into money through inheritance or other means and generally have little understanding of finance beyond spending money on booze, women, and flashy cars!

Lol.

I must give it to you, you're good at bringing down a business, but this analysis is not really reasonable.

UniTrust is not a tiny company (albeit only about 5 years old). They raised over $11M USD for launching and expanding the trust solution throughout their Seed and Series A. If OP was the owner, I'd congratulate them on their skills at dealing with VCs.

Another potential bot has arrived at OCT, thinking we’re all complete idiots here.

How exactly are you getting fooled by a guy asking for reviews of a regulated trust company?

what do you mean
nahhh I was just googling Hong Kong and Singapore bank accounts

Unlike the other members, I will give you a reasonable analysis.

It is a decent service but not effective for all applications. Do not except to use it to hide your assets away because this company is participating in the CRS scheme.

It is likely to be useful for:
- getting a virtual bank account in Hong Kong, Singapore, and the US (you choose which, and you can get all of them)
- getting a good quality credit card (either MC World or MC World Elite) which can also be linked to digital assets
- custodying your crypto (this is not for everyone but may have some reason for it) at an institutional trustee
- investing your fiat and crypto into bonds, staking, lending, some assets they offer
- deciding who will get your assets when you pass

It will not be useful for avoiding taxes in your home country (well, theoretically, it can be but this depends on your exact scenario) and it will not really protect you from lawsuits/courts in the traditional sense of a trust - for that, you'd need to lose practically all access to transaction-making, and you wouldn't be able to spend from your asset-linked card.

Nevertheless, it is not a particularly bad option. Just be careful with any service you use. Don't put all your eggs in one basket.

 

[JohnnyDoe]

It is a decent service

Are you a client? Or do you base this opinion just on their website?

 

[ssttyy]

Lol.

I must give it to you, you're good at bringing down a business, but this analysis is not really reasonable.

UniTrust is not a tiny company (albeit only about 5 years old). They raised over $11M USD for launching and expanding the trust solution throughout their Seed and Series A. If OP was the owner, I'd congratulate them on their skills at dealing with VCs.

How exactly are you getting fooled by a guy asking for reviews of a regulated trust company?

Unlike the other members, I will give you a reasonable analysis.

It is a decent service but not effective for all applications. Do not except to use it to hide your assets away because this company is participating in the CRS scheme.

It is likely to be useful for:
- getting a virtual bank account in Hong Kong, Singapore, and the US (you choose which, and you can get all of them)
- getting a good quality credit card (either MC World or MC World Elite) which can also be linked to digital assets
- custodying your crypto (this is not for everyone but may have some reason for it) at an institutional trustee
- investing your fiat and crypto into bonds, staking, lending, some assets they offer
- deciding who will get your assets when you pass

It will not be useful for avoiding taxes in your home country (well, theoretically, it can be but this depends on your exact scenario) and it will not really protect you from lawsuits/courts in the traditional sense of a trust - for that, you'd need to lose practically all access to transaction-making, and you wouldn't be able to spend from your asset-linked card.

Nevertheless, it is not a particularly bad option. Just be careful with any service you use. Don't put all your eggs in one basket.

just to give some context—I’m a content creator from running a small company that manages influencers and offers marketing services. I’m currently based in Thailand and was looking for ways to protect my assets and handle crypto payments from clients in a legit way.

I’m pretty new to this whole trust and offshore thing, but I really want to find something that could actually help.

Does this ‘trust solution’ make sense for someone like me?

 

[JohnnyDoe]

Does this ‘trust solution’ make sense for someone like me?

No

 

[ssttyy]

So, what do you think I should be looking out for?

 

[JohnnyDoe]

So, what do you think I should be looking out for?

Why in the world should you need a trust to manage your crypto?

 

[ssttyy]

Because their website says they can hold crypto for you and let you spend it with a card.

 

[JohnnyDoe]

Because their website says they can hold crypto for you and let you spend it with a card.

There are better solutions for crypto cards. Search the forum and also the Gold section.

 

[ssttyy]

Thanks so much for the advice!

 

[ssttyy]

By the way, what does the gold section mean?

 

[JohnnyDoe]

@Forester @Sols or @JohnLocke can illustrate all the marvels of that magical place

 

[brianK]

Lol.

I must give it to you, you're good at bringing down a business, but this analysis is not really reasonable.

just to give some context—I’m a content creator from running a small company that manages influencers and offers marketing services. I’m currently based in Thailand and was looking for ways to protect my assets and handle crypto payments from clients in a legit way.

you still have questions?

You’re certainly easy to fool, I must say. I hope you have better control over investments, crypto, or whatever your business is.

Because their website says they can hold crypto for you and let you spend it with a card.

search the forum, there are plenty of service where you can get your 1000$ stashed and what else you want, a Trust is definitely out of your reach. But that probably wasn’t why you came here in the first place!

 

[EliasIT]

By the way, what does the gold section mean?

In the mentor group, you can find answers to many things that we can’t post in the public forums. But I don’t think it’s for you either.

It’s primarily for businesses or people with significant wealth or a larger business that generates profit and where there’s an interest in saving on taxes.

 

[ssttyy]

In the mentor group, you can find answers to many things that we can’t post in the public forums. But I don’t think it’s for you either.

It’s primarily for businesses or people with significant wealth or a larger business that generates profit and where there’s an interest in saving on taxes.

Got it, thanks for explaining! I’m not quite there yet, but I appreciate the heads-up. Guess I’ll stick to figuring out the basics for now!

 

[ssttyy]

you still have questions?

You’re certainly easy to fool, I must say. I hope you have better control over investments, crypto, or whatever your business is.

search the forum, there are plenty of service where you can get your 1000$ stashed and what else you want, a Trust is definitely out of your reach. But that probably wasn’t why you came here in the first place!

Thanks for the tip! And yeah, I get that trusts might be a bit out of reach right now, but I just wanted to explore my options and learn more about what’s out there.

Right now, I’m starting an AI SaaS Hopefully, I’ll be in a position to go for the trust option later!