The Law on Trust was promulgated by Royal Kram No. NS/RKM/0119/002 dated 2 January 2019, which aims to determine the rules and procedures for the establishment, registration, management and control of public administration.
Definitions and parties
Trust refers to the management of the capital provided by the capital administration for the benefit of the beneficiary in accordance with the trust deeds or regulations in force.
There are three parties of trust:
Other stakeholders of trust may include contributors, trust and surrogate trust.
Type of administration
Governance is divided into four categories: Commercial Trust, Public Trust, Social Trust, and Personal Trust.
4. Personal administration established for the benefit of the principal or designated person
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
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