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Hong Kong is renowned as a leading destination for trust and foundation services, combining a robust legal framework with advantageous tax policies. Recognized for excellence in Hong Kong trust formation, the region offers unparalleled asset management and estate planning services, catering to a diverse international clientele.
Why Choose Hong Kong for Trusts and Foundations?
Hong Kong’s prominence in trust and foundation services is attributed to several key factors:
- Unique Tax Benefits: Hong Kong offers significant tax advantages for trusts and foundations.
- Legal Advantages: A robust legal framework supports asset protection trusts in Hong Kong.
- Sophisticated Estate Planning: Hong Kong is renowned for estate planning in Hong Kong, making it ideal for future-generation asset planning.
- Conducive Environment: It’s an optimal location for personal and corporate financial planning.
- Asset Management Efficiency: Ensures secure and efficient management of your assets.
Our Trust Services
Our portfolio of trust services in Hong Kong is designed to cater to various needs. From discretionary trusts, offering flexibility in asset distribution, to fixed interest trusts, which provide predetermined benefits to beneficiaries, our services are tailored to your specific requirements.
Our charitable trusts also allow for philanthropic activities aligning with your values and legacy aspirations. Each trust option emphasizes customization and adaptability to changing life circumstances.
Foundation Services in Hong Kong
Establishing a foundation in Hong Kong provides tax advantages and opens doors to Asian philanthropy. These services are beautiful to Asian donors and global clients looking to develop a lasting impact in the region.
By setting up a foundation here, you leverage Hong Kong’s strategic position in Asia, benefiting from its financial infrastructure and reputation for excellence in philanthropic endeavors.
Local Features
Feature
Types of Trusts and Foundations Available
Diverse range including discretionary, fixed interest, and charitable trusts.
Legal Framework and Governance
Governed by modernized Trust Law (Amendment) Ordinance 2013
Formation Process
Streamlined and efficient, with minimal bureaucratic hurdles
Taxation Rules
Favorable tax regime, particularly for offshore trusts
Asset Protection Features
Strong asset protection mechanisms in place
Privacy and Confidentiality Levels
High levels of confidentiality for trust arrangements
Regulatory Compliance Requirements
Compliance with international standards and local regulations
Succession and Estate Planning Benefits
Ideal for flexible and efficient estate planning
Charitable and Philanthropic Opportunities
Encourages charitable trusts with tax benefits
Duration and Perpetuity Rules
Allows for perpetual trusts, with no limits on duration
Management and Control Structures
Flexible structures with options for settlor control
Foreign Beneficiaries and Settlors Rules
Accommodates foreign beneficiaries and settlors effectively
Revocability and Flexibility
Trusts can be revocable or irrevocable, offering flexibility
Local Expertise and Support Services
Robust local support and expert services available
Cross-Border Considerations
Favorable for cross-border estate and tax planning
Legal and Regulatory Framework
Hong Kong’s trust law, mainly since the Trust Law (Amendment) Ordinance 2013, presents a modernized legal framework, ensuring a competitive edge in trust and foundation services. This ordinance has significantly enhanced the jurisdiction’s appeal by updating key aspects like trustees’ powers, settlors’ reserved powers, and beneficiaries’ rights, aligning with international standards.
The commitment to compliance with evolving global regulations further cements Hong Kong’s status as a reliable and secure environment for trust formation and management.
Global Expertise, Local Insight
A harmonious blend of global expertise and local insights bolsters our services. We bring together international best practices and a deep understanding of the Hong Kong market, backed by a network of global partnerships and regional alliances.
This unique combination ensures that our clients benefit from world-class service standards and nuanced local market knowledge tailored to the diverse needs of Hong Kong’s cosmopolitan client base.
Our Approach to Trust and Foundation Services
At the heart of our services is a personalized approach, where we meticulously align our strategies with your individual needs and objectives. We specialize in strategic planning and asset protection, ensuring your assets are managed not just for the present but with a keen eye on future security and legacy planning.
Our commitment to bespoke solutions guarantees that each client’s unique financial goals and personal values are at the forefront of our service delivery.
Why Choose Novo Solution?
At Novo Solution, we distinguish ourselves from competitors like Zetland Fiduciary Group, ZEDRA, Sovereign Group, and Global Philanthropic by offering unique, integrated trust and foundation services tailored to your needs.
Our client-centric approach, extensive network, and specialized advisory services ensure a personalized and comprehensive solution for each client. Trust Novo Solution for expertise that combines global insights with a deep understanding of the Hong Kong market.
Contact and Consultation with Novo Solution
We invite you to contact Novo Solution for any inquiries or to schedule a consultation. Our team is ready to provide expert guidance and support tailored to your unique requirements.
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Trustworthy Solutions for Your Wealth in Hong Kong
Contacts:
Dubai: +971585519574
contact@novo-solution.net
Dubai, UAE:
Meydan Grandstand, 6th floor,
Meydan Road, Nad Al Sheba
Meydan Grandstand, 6th floor,
Meydan Road, Nad Al Sheba
