Hong Kong Trust Although some trust companies only require a threshold of 100,000 U, this method is actually only suitable for people with more than 2 million U.

First of all, don't think of Hong Kong Trust as a financial product like the mainland trust. It is mainly a legal framework. That is, you give money to A, and A regularly transfers money to B. You are the principal, A is the trustee, and B is the beneficiary. Some people think that using offshore trusts to avoid taxes, avoid debts, protect privacy, and send money to children are all patents of billionaires, but in fact, ordinary people can also do it, not so cool and not so cool.

Recently, due to policy guidance, many Hong Kong trust companies are testing the cryptocurrency trust business. For people in the currency circle, the main purpose is to withdraw money legally and compliantly, and other functions are just bonus points.

So how to go through the trust? Choose a Hong Kong trust company with virtual asset business, that is, a trustee, a licensed tcsp and trustee. The rest is to establish the trust step by step with their help, and mainland KYC will do. Note that you cannot be the only beneficiary, just add your children/wife/parents. The investment direction of the trust deposit funds should be more stable, and the annualized rate should refer to the US dollar fixed deposit. After the trust is established, the U is transferred to the trust company's escrow account. They generally have offices and accounts around the world. It is a small case to transfer various legal currencies to the beneficiaries and buy various assets for the beneficiaries. The trust company is the risk isolation island for your U to be converted into legal currency. However, compared with the withdrawal wear and tear in the previous tutorial, the cost of the trust will be higher. Generally, the establishment fee + management fee is tens of thousands of dollars, so I say it is suitable for 2 million U, and 1 million U is enough.