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  Revealing how family offices can save taxes
2023-11-24
A long-term hot topic: the Greater Bay Area, coupled with a hot topic in recent years: family offices, the two together will certainly create huge sparks.

The Life Underwriters Association of Hong Kong (LUA) organized the "Insurance Association Greater Bay Area Day" for the third consecutive year and this year it was held on November 21 at the Wan Chai Convention and Exhibition Center. This year’s theme is the development of family offices in the GBA Greater Bay Area.

Accountant Edward So was invited as one of this year's speakers. The title of his speech was "How to take advantage of the family office trend - Taxation".

Hundreds of friends who are engaged in the insurance or financial industry attended the event that day. The scene was lively and the atmosphere of learning was strong.

Accountant Edward So first explained the functions of a family office and the opportunities for people in the insurance and financial industries. Then he analyzed the various tax burdens faced by family assets and how through a family office, a centrally coordinated organization, it can save the entire family money. taxes. It turns out that through proper arrangements, the family can save a lot of tax, which may be more than a year's profit. Moreover, tax savings are deterministic and long-term. For a long-term family office, the effect can be beyond imagination.

If you are interested in learning more about how family offices can save taxes, you are welcome to contact us to explore opportunities in the Greater Bay Area together.
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