Trust
A trust is a company that acts as an asset manager (fiduciary) for another business. It is a legal arrangement whereby the settlor transfers his or her assets (real estate property, dividends, savings or other assets) to another person — the trustee — so that they may be used to benefit the beneficiaries (who can be either a single individual or a group). The main function of a trust is to manage assets on behalf of their owner for the benefit of the beneficiaries.
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Company incorporation by purpose: trust - Confidus Solutions

Trust companies are often used for wealth management and asset holding purposes. Usually, nominee is appointed to manage trust's activity for confidentiality purposes. There are several jurisdictions offering efficient trust incorporation.