3. Wealth Preservation and Estate Planning for High Net Worth Clients
Over the past 30 years and more, the businesses and lives of Chinese entrepreneurs and their families have become more and more international. These families face many challenges in assets protection and passing down wealth to young generations. Our legal team is familiar with the use of family trusts, funds, and other vehicles widely used in western countries. At the same, we understand the roots from Chinese traditional culture and understand the value and needs of Chinese entrepreneurs. By combining the mature mechanism of common law legal system and the traditional Chinese family culture, we can make wealth preservation strategies suitable for Chinese immigrant families with regard to risk isolation, asset protection, estate planning, tax compliance and optimization.
4. Establish Cross-Border Financing Legal Framework
Chinese entrepreneurs have been investing in many oversea jurisdictions over the years. With the implementation of the Common Reporting System (“CRS”), tax reformation in various countries, and the introduction of the “Controlled Foreign Entity” concept by the Chinese tax law, significant tax compliance risk emerges. After comprehensively considering the legal systems and tax and trade agreements in resident countries, investment host countries, investment intermediaries, and other offshore jurisdictions, we can tailor a desirable cross-border framework to assist Chinese immigrant families to reduce cross-border transaction costs and CRS compliance risk, while conducting investments and finance globally.
5. Offshore Trusts and Funds
Offshore trusts and funds can be important vehicles to use in estate planning and cross-border businesses by Chinese immigrant families. Our legal team understands these mechanisms and can set up offshore trusts and funds while assisting our clients to familiarize and understand the use of these tools, in order to realize optimized goals in estate planning, investing and financing.