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Anyone Heard of UTGL? Trusted Trustee in Hong Kong?

ssttyy

New member
Nov 13, 2024
5
-2
1
24
hong kong
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!
 
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Reactions: JohnnyDoe and 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! troll¤##

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!
 
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Reactions: ilke
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?
 
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Reactions: EliasIT
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! troll¤##

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.