A family office is a consulting company that provides private wealth management consulting. It is usually set up by wealthy families. In the form of an expert advisory group, it provides various professional management consulting and operational services from the perspective of family considerations.
Mainly for wealth management for family businesses and family members, including handling investment management, tax planning, estate planning, daily finance, corporate management, listing consulting, charitable donations, trusts and related legal matters, and also handling such things as education, security, and property management To solve the problem of inheritance of family wealth.
The purpose of the family office is to maintain and pass on family wealth.
·Family plan
·Family cultural heritage
·Family governance
·Family constitution
·Charity program
·Liquidity planning
·Taxation
·legal
·Risk Management
·Compliance and policies
·Educational programs for future generations
·Corporate Bank/Investment Bank (in cooperation with Overseas Chinese Group)
·Asset allocation
·Investment and trading
·Discretionary
·Private custom type
·Real estate management
·Charity project management
·Corporate Services
·Summary and reports
·Recording and filing
·Tax declaration and tax filing
·Lifestyle management
·concierge service
1、Establish a long-lasting family tradition and realize the inheritance of family culture
2、Integrated risk management
3、Service centralization
4、Planning for future generations
5、Reach a consensus on family unity through unifying values
6、Privacy
7、Potentially high returns
·Perfect laws, mature and stable financial market
·Realize overseas asset allocation
·Tax havens can obtain tax resident status and avoid CRS
·Realize the appreciation and inheritance of family wealth
·Single-family office can be exempted from license
·Endorsement by the Monetary Management Bureau and the Taxation Bureau to realize family immigration
1. Set up a holding company
2. Set up a single-family office and investment fund wholly owned by a holding company
3. Single-family office manages family wealth through investment funds
4. For the management of family wealth, family members can manage it themselves, or hire a professional fund manager to manage it.
You can immigrate to Singapore by setting up a family office. According to the scale of asset management, according to the scale of asset management, green cards can be directly obtained through the family office of the Global Investor Program. Or apply for EP through a holding company to gradually realize Singapore immigration.
The first month
Arrange a meeting with the HKMA Collect relevant company registration documents and related information for fund management companies
PPT prepared for meeting with the HKMA Keep the name of the fund management company
The client reviews and approves the PPT to be submitted to the HKMA
Submit PPT to the HKMA
Second month
Rehearse meetings with the HKMA with clients Meeting with the HKMA
Rehearse meetings with the HKMA with clients Meeting with the HKMA
Submit the work pass application form to the human resources department (if required) Submit the application form for MASNET account
Prepare architecture migration steps for customers to review
Third month
The tax accountant provides steps to migrate the client structure. At the same time, prepare a complete tax analysis report The HKMA will complete the establishment of a MASNET account and prepare the 13X/13R tax concession application form and other related application documents
The client reviews and confirms the submission of the 13X/13R tax incentive application form and other relevant application documents
Client submits application form through MASNET account
Fourth-fifth month
The HKMA reviews and evaluates applications and notifies the results of applications The tax agent will send the final and complete tax analysis report to the client