Kensington Trust Group (KTG) opened its office in Malaysia in 2013. In the same year it formed a strategic alliance with JTC, which was further strengthened the following year with JTC’s investment.
This association creates a global offering of trust, fiduciary, corporate and fund administration services to what is now the collective JTC Kensington client base.
On 28 August 2014 Kensington Trust Malaysia Berhad was registered as a trust company in Malaysia to conduct trust business, offering specialised jurisdiction-specific fiduciary solutions.
FORMATION / REGISTRATION
A range of options are available depending on your needs:-
- Private and public company
- Foreign company registration
- Representative office / Regional office in Malaysia
PROVISION OF REGISTERED OFFICE AND CORRESPONDENCE ADDRESS
It is a legal obligation for every Malaysia entity to maintain a registered address in Malaysia to which all communications and notices may be addressed. All correspondence received is treated confidentially and is promptly forwarded onto the client.
It is mandatory for Malaysia entities to appoint a secretary who are is a citizen or permanent resident of Malaysia and who shall ordinarily reside in Malaysia by having a principal place of residence in Malaysia, and is a member of an approved body or licenced by the Registrar of Companies in Malaysia.
We are engaged by our clients to provide corporate secretarial and administration services in relation to a broad range of structures which include investment holding vehicles, joint ventures and entities established for corporate acquisitions and disposals. We also assist clients with corporate governance and board and executive solutions, corporate turnarounds, restructuring and insolvency.
This service includes preparation of minutes and resolutions, maintenance of statutory records and registers, attendance of meetings, searches and any other administration matters.
BOOKKEEPING AND ACCOUNTING
It is mandatory for Malaysia entities to maintain proper accounting records. Depending on your needs, this service may include bookkeeping, consolidation, bank reconciliation, cash flow statement/analysis, financial statements and various reporting.
Our payroll outsourcing services help businesses to keep up with local legislation and ensure confidentiality. Our comprehensive payroll services include:
- Maintenance of employee payroll database
- Registering employers and employees with the relevant authorities in Malaysia
- Input of monthly employee payroll data, increments, bonuses and allowances
- Preparation of payslips and arrange to disburse funds to individual employees’ accounts
- Arrange for payment and periodic statutory returns submission
- Preparation of payroll statutory compliance services such as annual tax forms for employers and employees annual tax filing
Private Wealth Services
Our independence and focus ensures that we listen, advise and create plans that are completely aligned with a client’s personal goals. It is these qualities that have contributed toward the long-term relationships that we continue to nurture and build partnerships on. We have extensive experience in managing wealth from trust and estate planning to family governance and succession.
We have experience in administering the underlying businesses within private clients’ structures which requires a blend of ‘corporate style’ service with the defined focus and personal interaction that underpins our traditional private client relationships.
Services which we provide to our private clients include:
- Establishment of bespoke trusts and foundations based in a number of jurisdictions for estate and succession planning, philanthropy objectives and any other specific purpose.
- Provision of personal trustee services.
- Ongoing administration and financial accounting including its underlying structure and portfolios.
- Ensuring that management and control is exercised in the appropriate jurisdiction, when required.
- Partnership with licensed asset/fund managers in management of the assets.
JTC Private Office
JTC Private Office offers a holistic service built around unique family needs. The service works as an extension of the family, bringing simplicity, clarity and flexibility to the management of financial and non-financial affairs.
JTC Private Office is powered by Edge, a state-of-the-art, market leading, highly secure technology, purpose-built for (U)HNW clients and single/multi-family offices.
Edge provides a unified approach to organising clients’ wealth and related affairs, bringing together in one place all the relevant aspects of their life, securely through our bespoke online platform.
With Edge, you can have your life in one place.
BUSINESS & FAMILY SUCCESSION
We work closely with our clients to implement governance structures that reflect each family’s values.
As an independent advisor, we can provide cross-cultural committee members who can help families devise effective business management committee structures, which are not only efficient but also create a forum to enable the family's vision and values to be transmitted to the next generation.
By engaging with several generations of the same family we can build strong, effective solutions to lead our clients and their families through the complex challenges of managing generational wealth.
Engaging with younger family members to build strong financial skills teamed with real-world awareness helps to preserve and sustain our clients' family vision for generations
Dato’ Raymond W.B. Wong
Founder Member and Regional Managing Director
Kensington Trust Group