Consulting for application for registration or license with the Financial Services Agency

The Application should conform to the criteria set by the Financial Services Agency. A simple description that the application documents conform to the criteria is not enough. The documents should describe the purpose of its establishment and its social meaning, social needs for its business and its profitability, the top management to perform the business, and its organization to control. Besides, demonstrate its capability to prepare the organization and its will to contribute the society.

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Consulting on the establishment of, application for registration or license, application for subsidy for business

Consulting on application for registration or business permission from the controlling authority: for subsidy for business from local government; preparing for internal regulations, business manuals; supporting for marketing and accounting work etc. for foreign-affiliated companies, especially trust companies, investment management companies, investment advisory companies, etc.,

Consulting on the preparation of wills, the creation of living trusts, the establishment of asset holding companies etc.

Consulting on the preparation of wills, the creation of living trusts, the establishment of asset holding companies etc. for international asset succession, particularly in the United States, United Kingdom, Australia, New Zealand, Singapore, Hong Kong S.A.R., and tax havens such as Jersey and Gandhi

Designing, creating and administering private trusts

Is this trust really initiated by the settler’s own will? Isn’t initiated in fact by a family member of the settler? Does this trust run a risk of triggering feud among his family members by invading legally reserved right to the settler’s estate? Does this trust take care of the well-being of a weak family member? Does this trust pay attention not only to legal affairs but also to tax issues? Does this trust provide for funds for payment of estate tax? We take these issues into consideration in designing trusts.

Consulting on the establishment of Charitable Trusts and of trusts for public benefit purposes

At the end of 2023, “the Advisory Panel on How the Public Interest Corporation System Should Be for the New Era”, recognizing the importance of the role of the private nonprofit sector in solving various social issues, positioned the charitable trust system as such an important private nonprofit sector along with public interest corporations. Following the final report of the Advisory Committee, the new Charitable Trust Bill and the related tax reform bills were proposed and subsequently approved by the ordinary session of the Diet in the spring of 2024. A Charitable Trust is a trust that must be specially approved by an administrative agency for the sole purpose of performing public interest affairs (Article 2 of the Act concerning Public Trusts), and it receives special tax concession. On the other hand, a private trust for charitable purpose is a kind of civil trusts for family members with an intention to donate to a public interest corporation or a charitable trust. This kind of trusts does not require approval from an administrative agency. In the United States, it is widely used as a trust for the succession of family assets. We offer consulting services related to the establishment and management of Charitable Trusts and a private trust for charitable purpose.

Consulting for Designing Multi-Tiered Beneficiary Trusts and Successive Beneficiary Trusts

Many tax professionals are reluctant to use multi-tiered beneficiary trusts because they are tax-saving and their treatment is unclear. We will not provide consulting if this trust is set up for improper purposes. However, a multi-tiered beneficiary trust is a very useful tool as a trust for a family, as long as it is set up soundly for the right purpose. We will undertake consulting after examining the purpose of the trust, the assets constituting the trust property, the contents of the trust deed, the reliability of the trustee, etc.

If the continuous trusts are multi-tiered beneficiary trusts, they will be taxed extremely unfavorably. Many tax professionals are reluctant to take advantage of it. As a general rule, we do not provide such consulting. However, a beneficiary succession trust is a necessary system as a trust for family members and is in fact widely used in United States. If you really want to use this, we will offer consulting.

We provide consulting services for the establishment of multi-tiered beneficiary trusts, successive beneficiary trusts, and the establishment of charitable trusts or trusts for public benefit purposes in cases where the amount of trust assets is 100 million yen or more.

Office

1312 Tokyo Chiyoda Platform Square, 3-21 Kanda Nishikicho, Chiyoda-ku, Tokyo 101-0054