What are the benefits of offshore assets?

1. Protect assets: Wealth can be classified into a single protection structure, especially for countries with unstable political situation. If their property is transferred to the trustee, their property can be protected from expropriation. In addition, in the process of legal proceedings, personal assets may be frozen in many cases, and if the assets are entrusted, they will not be affected;

2. Immigration preparation: transfer the assets to the trustee so that you can immigrate at any time you choose;

3, tax planning: family trust allows you to grasp the opportunity of future income;

4. Asset consolidation and centralized management: For customers with assets all over the world, trust can be used as a tool for centralized management of these assets; For record keeping, tax declaration and preparation of annual accounts, customers can handle it through a center.

5. The right to operate assets: to maintain the right to operate assets by setting up private trust companies as trustees;

6. Exempt from the formalities and fees for inheriting the estate: if the domicile or the location of the assets selected by the customer belongs to the civil law countries, it will be bound by the local compulsory inheritance right. After the death of a customer, his assets must be distributed according to the local compulsory inheritance rights, but he can't fully comply with the customer's own wishes. If the client transfers the assets to the trust before his life, the above restrictions can be avoided.

About offshore assets

1. Offshore assets, also known as overseas assets, usually refer to assets held by investors in countries or regions other than their legal residence countries or tax-paying regions. Offshore finance refers to the financing activities carried out by financial institutions located in a certain country that have little connection with the financial system of that country and are not controlled by the financial laws and regulations of that country.

2. For example, a trust and investment company is headquartered in the Bahamas, but its business activities are to absorb US dollar funds from European residents or other non-US residents, and then invest these funds in European residents or non-US residents. The company is engaged in offshore financial activities.

3. Strictly speaking, offshore finance is also financing that is not regulated by the domestic banking law of the authorities, regardless of whether these activities take place in China or abroad. For example, the international banking facility (IBF) in the United States and the business activities in the offshore financial market in Tokyo belong to offshore finance.