PTCs: Have Your Cake And Eat It Too

Angela Calnan of Collas Crill Guernsey elaborates on why Private Trust Companies are an ideal option for Middle Eastern entrepreneurs who want to maintain control of their family business while it is managed by another entity.

Private Trust Companies (PTCs) are the perfect way for a family to divest itself of direct ownership of the family business for succession planning while also retaining a comfortable level of control. This falls in tune with the old saying – having your cake and eating it too.

The PTC model has rocketed in popularity in the Far East in the last five years and this trend has started to permeate our MENA family offices. To understand the reason for this, we need to look at the lifecycle of a family business – from entrepreneur to family office – to reveal the trigger point for the need for a PTC.