Hong Kong Trust Formation |
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Despite its handover to China in 1997, Hong Kong law is based on UK Common Law, which recognises the concept of a trust. The following information will help you determine whether Hong Kong trust formation is the optimum solution to fulfill your personal or corporate objectives. |
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Advantages of Hong KongTrust formation |
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| 1. | Trust Beneficiaries enjoy 100% tax exemption on their income, provided they are non-resident.. |
| 2. | There is no requirement to register Trust documents with the Hong Kong authorities. |
| 3. | A Hong Kong trust is not required to submit audited financial statements or an annual tax return. |
| 4. | Hong Kong is an international financial centre with a reputable, advanced legal system. Hong Kong Trustees are bound by the provisions of the Trustee Ordinance. |
Disadvantages of Hong KongTrust formation |
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| 1. | Details of a Hong Kong Trust are available for public viewing. |
| 1. | A Hong Kong Trust has access to only a very limited number of double taxation agreements. |
Main uses for Hong Kong Trust formation |
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| 1. | To hold assets including property, bank accounts, stocks, shares and assets of offshore companies; insurance and assurance policies and intellectual property. |
| 2. | To protect assets from creditors. |
| Healy Consultants fees for Hong Kong Trust formation | |
Healy Consultants fees for Hong Kong Trust formation are US$35,000 in Year 1 US$15,000 from Year 2 onwards. |
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| Contact Us | |
For more information on Hong Kong Trust formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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