Extended information:
Private Banking is a financial institution that provides services such as property investment and management (not limited to individuals) for high-net-worth people. Private banking and private banking services are not in the same category.
The main services of private banking are asset management, investment planning, providing special services according to customers' needs, and saving tax and financial transaction costs for customers by setting up offshore companies and family trust funds.
types
offshore funds
offshore funds, also known as overseas funds, refer to investment funds whose fund capital comes from abroad and invests in foreign securities markets. Its main function is to avoid the risk of domestic single market and help customers to allocate assets globally. According to the different places of registration of fund issuing companies and the different currencies of pricing, they can be divided into: funds issued and raised by foreign fund companies, introduced through investment consulting companies established in China, and subscribed by domestic investors. Such funds are registered overseas, especially in some "tax haven", and funds issued and raised by domestic fund companies and invested overseas.
global wealth security
global wealth security, the establishment of offshore private companies in overseas tax-free countries and regions is one of the important schemes, which is helpful for tax and estate planning. Its main function is to hold assets such as foreign currency deposits, securities investment, gold, property and land, and the guarantee effect will be better if it is combined with the family trust fund established overseas.
family trust fund
The Family Trust is also an effective way for private banks to protect customers' wealth. Trust fund is a legal relationship in which the client (client) transfers the ownership of his property to the trustee (bank), so that the trustee can hold and manage the client's assets (trust fund) for the benefit of the beneficiary in accordance with the provisions of trust deed. According to the trust agreement, the trustee is the legal owner of the property and must manage the property according to the governing law and the terms of the trust agreement. Based on the beneficiary's legal right to own the trust property, and he must be responsible for the trust, only the beneficiary can enforce the terms of the trust.