OVERVIEW OF TRUST SERVICE
Isolation of risk
Firewall to asset disputes
Bankruptcy protection
Business succession
Family succession
Separation of ownership and beneficial rights
Tax arrangement
Separation of ownership and management right
Asset protection
Immigration
Asset confidentiality
Why a Trust is needed?
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Asset isolation (separation of legal ownership and beneficial ownership)
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Asset confidentiality (No registration or disclosure of trust record required)
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Asset protection (Assets not directly linked to an individual, avoiding creditors’ scrutiny)
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Tax saving (No government registration required, saving inheritance tax)
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Family business succession (Flexibility in asset allocation method and time)
Why choose Hong Kong?
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Comprehensive Trust Law
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The Trustee Ordinance sets out the legal obligations of a Trustee towards the Settlor, e.g. confidentiality
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Bilingual Letter of Wishes
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Speedy process for trust setup or company service provider license application
CHOOSE PROSPERVEST
Leading Professional Team.
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World class legal team support
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Professional investment team
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Collaboration Experience between Mainland China and Hong Kong
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Strong business network
Flow endlessly. Grow thrivingly.
Why Hong Kong is better than Mainland China and Singapore?
HK’s advantages
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Common Law + Trustee Ordinance recognised by the Hague Convention
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Trust term: Infinite
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Rights to hold trustees accountable under the Trustee Ordinance
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Anti-compulsory inheritance
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Confidential trust instruments
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Jurisdiction determined by Trust Deeds
Singapore and Mainland China
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Singapore: Protected by Trust Companies Act, but is not a party to the Hague Convention; Mainland - no relevant legislation
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Trust term: Singapore - 100 years; Mainland – not specified under laws
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Rights and obligations not specified under local laws
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Mainland - Compulsory inheritance
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Mainland - Asset recordation with government system
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Jurisdiction: Mainland – Not specified under laws