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Wealth Inheritance Planning as Strategic Asset Allocation

Since we established the first family trust in China in September 2012, critics have long complained that many companies are selling family trusts as “Wealth Investment Products” and are misleading clients in this way. I want to stress here today is that selling family trusts purely as “Wealth Investment Products” is certainly not right; however, the absence of proper strategic asset allocation in wealth inheritance planning is very likely to cause the entire wealth inheritance plan to eventually deviate from the established direction, or even completely fail. Convinced of the great importance of asset management, wealth management and asset management...

Corporate and Wealth Holding in a Global Environment - Through a UAE Company

Having worked for over 20 years in the United Arab Emirates, I have always been fascinated by the clarity in direction demonstrated by the country’s leaders and their persistent efforts to execute their strategy in a swift and methodical manner. During this time, the UAE – like the rest of the world – has gone through economic cycles of growth and contraction. But throughout it all, the country’s clarity in what it stands for and what it aspires to be has prevailed. The resolute focus maintained by the country’s leadership has helped the country to securely move forward by constantly...

FiveTips for the Design of “Irrevocable Trusts”

Examples ofthe application ofthe fivetips for the design of “Irrevocable Trusts” Once Jacobs established an American trust for his family in the United States, the esoteric term “Irrevocable Trust” suddenly become a household name. To put it simply, money is donated to the trust, and if Jacobs cannot get it back, the creditors of Jacobs don’t get it either. Is this Irrevocable Trust really so popular? What is the reason for the popularity? We heard about the Irrevocable Trust in the news, mainly because overseas trustsare associated with so-called “runaway” tycoons. Upon mentioning its name, everyone would immediately think of...

International Metropolis& Best Destination for Real Estate Investment in the World

Inheriting the historical symbol of the ancient Silk Road and following the principle of peace and development, China’s Belt and Road Initiative intends to actively establish economic partnerships with countries along the designated “Belt and Road” regions. It also intendsto jointly build a community of shared interests, shared futures and responsibility, featuring mutual political trust, economic integration and cultural inclusiveness. Encompassing over 60% of the global population, it will not only create new opportunities for the sustainable development of China’s economy, but also, more importantly, will change the political, economic and military landscape of the world. Over the past few...

How Do Offshore Companies Choose Banking Services in the Face of CRS and KYC?

“The Era of Global Taxation Is Coming” In 2018, several domestic media outlets ran the headline, “The era of global taxation is coming”, with regards to the implementation of the Common Reporting Standard (CRS). For many high net-worth individuals, CRS was a major buzz word in 2018. So, what is CRS exactly? CRS is short for Common Reporting Standard. CRS is a standard for taxpaying citizens’ information exchange between different countries, developed by the Organization for Economic Co-operation and Development (OECD), requiring global financial institutions to offer the account information of citizens of a country to the tax authority of...

Brief Introduction to Offshore Jurisdictions– How an Offshore Company Should Choose a Place of Incorporation

Offshore operations refer to operations in countries other than the place of incorporation. The so-called offshore company makes a general reference to companies which are incorporated in offshore jurisdictions in accordance with offshore company regulations, and which are only engaged in business outside the place of incorporation. Strictly speaking, “offshore company” is not an accurate legal term. An offshore company makes a general reference to a limited liability company or a company limited by shares established in offshore jurisdictions. As a form of commercial organization, offshore companiesare not limited to companies (whether limited companies, unlimited companies, holding companies, exempted companies,...

Analysis of the Advantages and Disadvantages of the Four Family Inheritance Patterns Text by: Li Wei

I Families and Family Inheritance The so-called family is a group of people connected by blood or marriage, and the development from individuals to a small family (and then a big family) can be a complicated and long process. In order to be called a big family, the grouping mustconsist of at least two small families. Sometimes they are composed of a dozen small families after more than three generations of continuous development. While it’s the wish of any family leader that his family prosper and flourish, the joint efforts of all family members and an effective inheritance from one generation...

Switzerland: More Than an International Private Wealth Management Center

For many people, Switzerland is both miraculous and mysterious. In films, we frequently see scenes like this: one of the richest people in the world walks quietly into a private bank in a street corner in Switzerland, where he has deposited a hefty chunk of cash. Switzerland has a national territorial area of more than 40,000 km2. It is a little larger than Hainan Province, a little smaller than the Ningxia Hui Autonomous Region, and about half the size of Chongqing, China. Switzerland has a population of over eight million, which is equivalent to the population of Shandong Province’s Jining...