For the past twenty years, the economy in China has boomed that plenty of entrepreneurs took the opportunity to create enormous business kingdom. Up to this day, a large number of “first generation rich” have passed their prime and accumulated considerable fortune. It’s time to handover both enterprises and fortune. How to effectively and safely inherit the fortune to next generation become those entrepreneurs’ concerns.
As the leading group in Hong Kong, the international financial center, Connexions Team occupies professional wealth management and financial planning personnel, who knows well about features of Hong Kong laws and regulations as well as international financial system, so that it deserves to be the first choice of Chinese high net wealth individuals and families in wealth management and inheritance.
Purpose and Effect of Planning by Connexions Team
- To make future financial arrangement for individual and family, let them to grasp steady property and cash flow which can be fully controlled by themselves when appropriate.
- To plan the whole process by using Hong Kong financial institutions and products. Future capital and assets distribution are all processed in Hong Kong so that to avoid risks due to debt, policy, market and taxation in the Mainland. (especially inheritance tax that is most likely to be levied)
- To set up a private coffer overseas as absolute oversea assets to provide needs which may arise any time in the future for individual and families, even fortune inheritance that may benefit several generations.
- To create overseas US Dollar property to effectively hedge risk of RMB devaluation.
Cooperating with Private Bank of Financing for Jumbo Insurance Policy/Financial Product
- To use extremely low financing interest rate of Hong Kong private banks to enlarge coverage/return on investment in times.
- To obtain steady return every year.
- To effectively avoid inheritance tax and property value added tax of every country.
Oversea Trust
- Property protection, to avoid:
- Debt problem due to bad management of enterprise
- Risk of unclear separation of company and personal property
- Risk of divorce
- Risk of ambiguous intergeneration
- Risk of separation of and fight for family property
- To solve problems during marriage, debt, investment, accident, taxation and inheritance.
- Advantages
- Risk isolation & property confidentiality
- Care of family & flexible distribution
- Inheritance arrangement & emergency arrangement
- Reasonable avoidance of tax & charity contribution
- Perfect – Assets Acting Holder
- Optional nationality
- Unlimited life
- Limited responsibility
- Protected by oversea laws
- Oversea trust is governed by laws as where the trust locates
- Any person, enterprise or government who wants to challenge the trust shall take action to the court where the trust locates