Jurisdictions
Hong Kong vs Jersey: trust jurisdictions side by side
Hong Kong and Jersey are two of the 40 places we cover. Hong Kong is in Asia Pacific and Jersey is in Europe. Both are open for new trusts with us. The table sets out the facts we hold for each place side by side, with the source and date of every fact.
The table
Facts side by side
Shaded cells differ between the two places.
Rows we have not published for a place are listed below the table.
| Fact | ||
|---|---|---|
| Governing law | Common law and the Trustee Ordinance (Cap. 29) | Jersey law decides validity and effect of a Jersey trust (Article 9) |
| Perpetuity period | Settlors may set up perpetual trusts from 1 December 2013 | A Jersey trust may last for an unlimited period (Article 15) |
| Reserved settlor powers | Settlor may reserve investment powers without the trust failing | Reserved powers such as directing investments do not affect validity (Article 9A) |
Not published for Hong Kong: trustee requirement. Ask us.
Not published for Jersey: foreign law rules, trustee remuneration, stamp duty on transfers and estate duty. Ask us.
This is guidance, not legal or tax advice. Every fact has a source, listed under Sources with its date.
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Sources
Read on :
- Trustee Ordinance (Cap. 29), Hong Kong e-Legislation. Used for governing law, reserved settlor powers.
- Jersey Law Website: Trusts (Jersey) Law 1984. Used for governing law, perpetuity period, reserved settlor powers.
- Hong Kong Government press release: Trust Law (Amendment) Ordinance 2013 gazetted (26 July 2013). Used for perpetuity period.
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