Singyun

 Regal talk about "CRS" discoloration What exactly is CRS? 

The full name of CRS is CommonReporting Standard, which is translated as "Common Reporting Standard". In July 2014, the Organization for Economic Cooperation and Development issued the "Standards for the Automatic Exchange of Tax-related Information on Financial Accounts". Its guidelines include CRS, which aims to increase tax transparency by strengthening global tax cooperation and combat tax evasion and avoidance using cross-border financial accounts.

Want to include the exchanged information

  • Overseas Institution Account Type Overseas Institution Account Type

    Financial institutions including depository institutions, custodian institutions, investment institutions specific insurance companies

  • Account content Account content

    Deposit accounts, custody accounts, cash value insurance contracts, annuity contracts, equity/bond income from holding financial institutions

  • Asset information type Asset information type

    Account and account balance, name and date of birth, tax residence, annual payment to or credit to the account

 After all 

All your overseas financial account information will be open and transparent to the Chinese tax authorities!

 The problem you will face 

  • Nightmare one: huge taxes

    International trade groups bear the brunt. Once they find a huge amount of overseas income, they will not only face huge personal income tax repayment, but also set up a company overseas. They also face a 25% corporate income tax, and the total cost of Hutchison Water may be as high as 45%.

  • Nightmare 2: Legal Liability

    Chinese people who emigrate overseas may also be affected. If immigrants hide financial assets in China, they may also be disclosed to the immigration destination country, and they may face tax repayment, various fines and even legal liabilities.

  • Nightmare 3: Exposure of property

    The CRS brings not only the taxation problem it faces, in addition to the concern of "exposure of property", there is also a huge hidden danger of privacy leakage behind

When the storm comes, how do high-net-worth individuals defend the city?

The three golden principles of overseas asset allocation plan, cross-regional country allocation, cross-asset category allocation, and over-allocation of alternative assets in the form of FOF
1Cross-regional and country-specific configuration: refers to geographical diversification, while taking into account both local and international configurations
2Allocation across asset classes: The importance of assets for alternative assets has greatly increased, including private equity, real estate finance, hedge funds, etc.
3Over-allocation of other assets in the form of FOF: refers to the diversification of asset classes and the diversification of various assets with low correlation

 You will make a choice 

 Few choices? Difficult to implement? Xingyunhai International holds up your asset security umbrella 

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 The professional team gives you steady happiness 

Over 5 years of financial industry experience + over 500 million asset management scale + graduation from key prestigious universities