EACPA PRO会计师事务所

Entrepreneurial identity planning

Nowadays, identity planning has become one of the standard features for many high net worth individuals and middle-class families. In the changing situation, choosing to plan a Plan B for oneself and one's family to resist the risks brought by various uncertain factors in the future< Through the evaluation of the Quality of Nationality Index (QNI), the motivations for high net worth individuals' identity planning are summarized into multiple aspects: personal safety, high-quality medical and health services, overseas asset allocation and protection, advantages in children's education, tax planning, overseas business expansion, international visa free access, good living environment, and welfare benefits. From this, it can be seen that identity planning is one of the important tools and means for these families to obtain better wealth security, more educational resources, higher quality of life, and prevent unknown risks. Different identity planning paths can achieve different planning goals. Only with sufficient understanding of the significance and path of identity planning, and without blindly following, can the goals be most effectively achieved.

Our services to assist clients in identity planning are multifaceted, mainly including the following aspects:

-With the advancement of global asset transparency, such as the implementation of FATCA, CRS and other laws, high net worth individuals face various tax risks and have become a focus of attention for tax authorities. Therefore, tax risk prevention and tax compliance have become mandatory courses for every high net worth individual
-Service agencies need to enhance their tax service capabilities, broaden their service dimensions, and provide comprehensive tax planning and compliance advice for high net worth individuals, including planning for inheritance tax, family business income tax, and tax related to gifts
-Through reasonable tax planning, it can help high net worth individuals reduce their tax burden, optimize asset allocation, and achieve wealth preservation and appreciation.

-Under the domestic double reduction policy, by configuring overseas status, children can enjoy free public education resources and opportunities for enrollment in localized overseas schools, with a greater chance of attending world-class universities
-Children with overseas status who return to China to participate in the joint entrance examination for overseas Chinese students have fewer competitors and lower scores, making it easier for them to enroll in prestigious universities such as 985 and 211.

1. Tax planning and compliance

2. Children's Education Planning

-Through identity planning, high net worth individuals and their families can enjoy high-level social welfare in the destination country, including healthcare, retirement, material benefits, and more
-For example, the United States has world-class education, healthcare resources, and social welfare systems; Canada is renowned for its excellent social security system and comprehensive welfare system.

3. Global Social Welfare Consulting

-For international business professionals, identity planning can open the door to global management and control of assets and income, expand business into new market opportunities. We provide global business consulting services to help enterprises go global.

4. Overseas business expansion

-In the current context of economic globalization, identity planning has become a "standard configuration" for high net worth families, which helps to preserve and inherit wealth
-Through reasonable identity planning, the impact of political and economic turbulence on family wealth can be reduced, ensuring the safe inheritance of wealth.

5. Wealth preservation and inheritance