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By Michael Liu Overcoming the Third-Generation CurseThere is a very interesting common saying that has been widely circulated among the people of countries with different languages and cultures:  ealth cannot be passed beyond the third generation". This perception of difficulty in passing on wealth across generations is widespread. In fact, inter-generational inheritance itself is not difficult. The development of modern family trusts has entered the stage of a family office with richer content. Almost all the modern and traditional elements of family heritage and governance have been well integrated into this structure, making it an important tool in breaking this...

EXPERT INSIGHTS 2020

Industry research suggests that China will soon rank first in the world as a source of new incorporations. Traditionally, which regions of the world has your jurisdiction been most popular for? What types of business activity is most suitable for incorporating in your jurisdiction.Around 210,000 international business companies (IBCs) have been registered in Seychelles since 1995, including over 8,000companies registered in 2018, making IBCs one of the world’s most popular global business companies.The two largest markets for IBCs are Europe and Asia, especially Hong Kong, China and Singapore. While business in Europe is declining, Asian business continues to grow. IBCs...

CORPORATE & FIDUCIARY JURISDICTION 2019

By Hao Wang In recent years, the number of Chinese with assets of over one million US dollars has been soaring. Among them, more and more people are no longer satisfied with regular investment channels to achieve wealth preservation and appreciation. They have extended their reach to emerging areas, such as collecting and investing in top-end art works, antiques and jewelry as well as other luxury goods. This cannot only guarantee their actual possession of wealth, but also fulfill their pursuit of a more desirable lifestyle.From a global perspective, private jets and luxury yachts are hot new trends, which are...

EXPERT INSIGHTS 2020

What are the key advantages of your jurisdiction in terms of privacy & asset protection for a Chinese HNWI or Family (etc.) looking to succeed their assets to the next generation? Whether it is a Seychelles trust or Seychelles foundation, the relevant laws provide for a great deal of privacy and asset protection. In the case of a trust, there is no public record of the settlor, trustees or beneficiaries. The trust deed and any other documents relating to the trust are also not publicly filed. Upon registering a trust, the trustee must simply file a declaration confirming that all...

CORPORATE & FIDUCIARY JURISDICTION 2015

1. Industry research suggests that China will soon rank first in the world as a source of clients. Have you experienced an increase in demand for your company incorporation services from this region? Yes 2. What is the single most important advantage your jurisdiction provides for Chinese clients? There is no requirement for filing any details about the company with the Registrar, and therefore information is not publicly available. 3. What is the main reason a Chinese client would consider using a shelf company in your jurisdiction? The “long” time frame for delivery of company documents to China (a courier from Seychelles may...

CORPORATE & FIDUCIARY JURISDICTION 2015

If you want to provide offshore services to China, go to Hong Kong. This statement is not new, but it seems to become more significant with each passing year. A combination of regulatory policy, strong local capital markets and geographical proximity are allowing Hong Kong to consolidate its position as the location of choice for China inbound and outbound corporate structures. An offshore environment that revolves around the use of double tax treaties (DTTs) to achieve tax efficiency - and the substance requirements that arise from that - inevitably works hugely in Hong Kong's favor. According to a survey of...

EXPERT INSIGHTS 2020

Executive Summary:The Seychelles are a byword for tropical beauty. The 115 islands, near the equator and outside the cyclone belt, are indeed unspoiled. The main island, Mahe, has an airport and a very good port, Victoria. Most of the 89,000 inhabitants live on Mahe, and are a blended mixture of French and African, speaking Creole, but also English and French, especially in business. The British granted independence only in 1976; the Seychelles are an independent democratic republic with a presidential style of government. The President from 1977 until 2004, Albert Renee oversaw the conversion of a 'fishing and bananas' type...

JURISDICTION 2014

'Offshore company' is no longer a strange term in China, but it is now a synonym for "tax-free". At present, China is also actively planning the construction of Shanghai into an international offshore financial center. There are already more than 60 tax planning areas around the world, but do they meet the business or commercial needs of the Chinese consumer? This is the issue that will be explored in this article. Rather than discussing the tax systems and policies of various regions, this article hopes to reveal the other functions of offshore companies in terms of commercial purposes. Mr. He...

EXPERT INSIGHTS 2020