Singapore and Hong Kong have launched aggressive tax incentives to lure wealthy individuals and families to set up Single Family Offices (SFOs) and Family Investment Holding Vehicles (FIHVs) in their cities. But which location offers the truly sweetest deal? Let’s unravel the subtle yet meaningful differences between the two destinations. …

In addition to wealth inheritance and asset protection, trusts can also provide assistance during your immigration journey, offering flexible financial solutions. After immigration, it takes time to transfer and open new bank accounts. UniTrust provides global bill payment functionality, allowing you to cover daily expenses using trust assets even without…

UniTrust breaks the traditional boundaries of the trust industry with the launch of the first Trust Asset Link credit card in Asia. This groundbreaking credit card empowers trust clients to flexibly utilize their trust assets, enabling them to achieve true financial independence. Unlike conventional credit cards, the Trust Asset Link credit card offers the following features and advantages: High-Privacy Consumption: Each transaction made with the Trust Asset Link credit card is conducted…

A trust is a globally recognized compliant tax planning tool. Through the application of trusts, individuals or businesses of different nationalities can achieve reduced tax burdens and, to some extent, minimize exposure within financial regulatory frameworks. However, these benefits depend on the laws and tax regulations of your jurisdiction, as well as the purpose for establishing the trust. Here are some tax planning features that trusts can offer:

When considering wealth succession, wills often come to mind for most people, while trusts tend to be overlooked. Wills and trusts represent different approaches to estate planning. A will becomes effective only upon the testator’s death and serves as the foundational tool in estate transfer. Once the allocation of assets…

Benefits of Setting Up a Private Trust: Asset Segregation and Protection Did you know that many celebrities and business owners prefer to use trusts to safeguard their assets from the risks associated with divorce or bankruptcy? One of the advantages of establishing a private trust is asset protection. Trust assets…

Trusts are a highly regulated private legal arrangement where assets, once transferred into the trust, are held in the name of the trustee, with the principle of maximizing the benefits for the beneficiaries. Trusts governed by Hong Kong jurisdiction are protected under the Personal Data (Privacy) Ordinance, ensuring absolute confidentiality…

5 advantages of setting up a trust account in Hong Kong As an international metropolis, Hong Kong is renowned worldwide for its modernized trust services. Hong Kong Trusts offer comprehensive options for trust control, making it the preferred choice for settlors. As of December 31st, 2021, the total value of assets held by Hong Kong Trusts reached an impressive HKD 4,719…

Have you ever heard of global private trusts? You often hear about wealthy individuals using private trusts to safeguard their assets, minimize taxes, and even wealth inheritance. But what exactly is a trust? Is it something that only the “rich” need to establish? Let’s provide a simple explanation of what a…