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Labuan vs Singapore: trust jurisdictions side by side
Labuan and Singapore are two of the 40 places we cover. Both are in Asia Pacific and 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 |  Labuan |  Singapore |
|---|---|---|
| Governing law | Labuan Trusts Act 1996 (Act 554), as amended up to Act A1368 of 2010 | Trustees Act 1967: duty of care (Part 1A), investments (Part 2), powers (Part 3) |
| Perpetuity period | Unlimited duration unless the trust terms fix one (section 16) | 100 years, or a shorter period set in the instrument (Civil Law Act, section 32) |
| Reserved settlor powers | Settlor may keep powers such as revoking or directing the trustees (section 8B) | Settlor may keep investment powers without the trust failing (section 90) |
| Trustee requirement | A Labuan trust company must be one of the trustees (section 7) | Trust business is restricted (section 3); exempt persons are listed (section 15) |
Not published for Labuan: reporting to authorities. Ask us.
Not published for Singapore: registration. Ask us.
This is guidance, not legal or tax advice. Every fact has a source, listed under Sources with its date.
Keep exploring
Read each place in full
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Sources
Read on :
- Laws of Malaysia: Labuan Trusts Act 1996 (Act 554). Used for governing law, perpetuity period, reserved settlor powers, trustee requirement.
- Singapore Statutes Online: Trustees Act 1967. Used for governing law.
- Civil Law Act 1909. Used for perpetuity period.
- Trustees Act 1967, section 90. Used for reserved settlor powers.
- Trust Companies Act 2005. Used for trustee requirement.
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