- Offshore family trust Offshore family trust means that the settlor transfers family property to an overseas trustee, who manages it for the benefit of family members or for specific purposes. This wealth management tool can avoid estate taxes and inheritance disputes, manage estates flexibly and ensure wealth is passed down from generation to generation. For example, in "In the Name of the People", Gao Yuliang established a 200 million yuan trust. Xu Jiayin was also revealed to have established a 2.3 billion trust for his son.
- Charitable Foundations The advantage of a charitable foundation is that even if the company goes bankrupt, the assets under the foundation account will not be liquidated. For example, on July 30 this year, Country Garden Services, a Hong Kong-listed company, announced that Yang Huiyan, the company’s controlling shareholder, non-executive director and chairman of the board of directors, donated 675 million shares to Guoqiang Charity Foundation (Hong Kong) Co., Ltd. for charity.
- Deliberately Losing the Case In 2016, a Chinese company CEO filed an economic dispute lawsuit in the United States and spent a lot of money to hire a well-known lawyer to rule himself against the lawsuit. Both the plaintiff and the defendant belonged to the CEO's company. In the end, the Chinese company lost the lawsuit and had to compensate the American company a large amount of money, thus achieving a safe transfer of assets.
- High-priced antiques auctioned in France once had blue and white porcelain with an estimated price of about 10,000, but it was finally raised to 70 million due to the rush of many Chinese buyers. This is an obvious money laundering technique.
- Wealthy people who intentionally lose money by gambling often cooperate with overseas casinos to lose large amounts of money at the casino, and then the casino helps deposit the money into a foreign account, and the casino collects a handling fee from it.
- Cooperating with foreign-funded companies to falsify invoices, for example, it was originally a 100 million contract, but it was fabricated as a check for 1 billion, so that the excess money was transferred overseas.
- Large-value policies transfer assets by purchasing insurance, but this method has a higher loss rate and the cost is generally between 30%-40%.
- Companies registered overseas, such as companies registered in Wilkin Island, Cayman Island, and Andorra, have established complex equity structures by setting up subsidiaries multiple times to avoid supervision.
- The advantage of buying a house abroad is that you can not only transfer assets, but also obtain permanent residence or citizenship in that country.
- Underground banks There are a large number of underground money structures in Hong Kong. Rich people deposit their money into underground money banks, which then deposit an equal amount of money into foreign banks, and the money draws a handling fee of 3%-4%.
- Virtual currencies such as Bitcoin and Ethereum have the advantage of being secretive and difficult to trace. Rich people move their assets overseas by purchasing virtual currencies.
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The content of this article is for reference only and does not constitute investment advice or an invitation, solicitation or recommendation for any investment product. Readers are advised to make their own judgment and seek professional advice.
Any information on the 852Fin platform ("852Fin Information"), including but not limited to product comparisons, product ratings, blog articles, etc., is for general education and reference purposes only and does not constitute or intend to constitute any regulated advice, trust, immigration , insurance, finance, investment or other professional advice, recommendation, approval, endorsement, invitation, sale of insurance, trust, immigration, financial or investment products.
852FIN reminds readers that the content contained in this article/video is mainly from public information online and does not constitute any professional advice. Readers should seek professional advice with specific questions about products or services.
852Fin Information does not consider your personal needs, and reading the relevant information should not be regarded as a personal suitability assessment, nor can it form the basis for any decision to purchase products/services.
852FIN and the author of the pen column are not responsible for any loss or damage caused by the information contained or omitted in the article.
Before purchasing any product or service, you should conduct your own research based on the information provided by the company that provides you with the product or service, and/or seek independent and professional advice from a licensed professional. 852Fin information is collected, verified, and updated from different channels with our best efforts. 852Fin and its related parties, agents, directors, officers, and employees will not be held liable for any claims or losses arising from the relevant information. 852Fin also does not guarantee or guarantee the accuracy, completeness and timeliness of the relevant information.
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