Sebastien Hayoz, Managing Director of Asiaciti Trust, is a keen advocate of the single-family office. But is this the preserve of the ultra-HNWI family or is it a more democratic option for a wider range of wealthy families? Hayoz gave his views in a presentation at the Hubbis Asian Wealth Solutions Forum in Singapore.
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On 31 August 2018, China’s top legislature passed a new individual income tax law
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The Cook Islands achieves top rank in technical compliance following an Anti-Money Laundering/Countering the Financing of Terrorism Mutual Evaluation review.
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A new licensing regime for trust or company service providers (TCSPs) has been introduced under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. Under the new licensing regime, TCSPs are required to apply for a licence from the Registrar of Companies and satisfy a “fit-and-proper” test before providing trust or company services in Hong Kong.
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The Hong Kong Companies (Amendment) Ordinance 2018 (the Amendment Ordinance) has introduced new requirements to enhance transparency of corporate beneficial ownership. Companies incorporated in Hong Kong are now required to obtain and maintain an up-to-date Significant Controller Register kept at the registered office in Hong Kong.
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In January, Asiaciti Trust sponsored the Middle East Wealth Management Forum 2018 in Dubai. Laurence Black, Regional Director – EMEA, represented Asiaciti Trust on a panel of regional experts discussing the challenges of legacy planning for families and their businesses.
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Singapore and Sri Lanka signed a free trade agreement on 23 January 2018. The Sri Lanka-Singapore Free Trade Agreement will strengthen economic ties and facilitate greater trade flow between the two countries.
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The International Monetary Fund (IMF) predicts accelerated global economic growth and the likely stimulus from the U.S. tax reform.
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Asiaciti Trust is pleased to present the fifth Latin American Roaming Art (LARA) Exhibition in Panama at the Museo de Arte Contemporaneo de Panama. The exhibition opens from 21 November 2017 until 21 January 2018.
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