During the current coronavirus pandemic, it’s understandable that many people start thinking if they have properly taken care of their affairs: setting up or reviewing how to protect your assets and loved ones becomes paramount.
Will Ripley and Alfred Ip on implications of estate planning and Wills: from funerals to distribution of memorabilia, but especially provisions related to children.
There are more than a quarter of a million children who get adopted each year worldwide, with most of adoptions happening in the USA and China. The phenomenon of adoption is becoming rather common in most developed economies, and Hong Kong is no exception.
Hong Kong immigration policy is designed to accommodate investors, entrepreneurs and working professionals. This contributes to making it one of the most business-friendly jurisdictions in the world.
Hong Kong has been experiencing a boom of family offices, further incentivised by tax breaks or residency options. It is indeed a very efficient Wealth Planning tool for HNWI.