CASE STUDIES
Chinese Businessman with Business in Multiple Jurisdictions
- Mr. CB is a Chinese national resident in Hong Kong that studied in the US.
- Following a number of successful China-based enterprises Mr. CB developed asophisticated trading system and established an asset management businessin Hong Kong. This assets manager expanded to the main financial hubs in Southeast Asia and started generating profits in different jurisdictions.
- In order to efficiently manage and protect his wealth, following the professional advised received, Mr. CB subscribed to a life insurance policy with Premium Life and contributed a premium of USD 100m in cash.
- The assets contributed to the policy were used to invest in a Cayman fund with the expected yield and risk profiles appealing for Mr. CB.
In this way, Mr. CB not only managed to protect his wealth against potential tax changes but also managed to diversify his investments with successful asset managers. Another important benefit for Mr. CB, as a young entrepreneur, is that the beneficiaries and the benefits allocated can be modified upon his decision.
Indian Investor with Foreign Residency
- Mr. MP is an Indian national resident in the Middle East.
- Through his professional carrier in the financial sector and investments Mr. MP managed to attain a portfolio of liquid assets and Indian real estate. The client planned to liquidate the real estate in India, which has generated a substantial capital gain over the years, to simplify the management of his assets and gained flexibility.
- He also wanted to find an efficient way to transfer his assets to his heirs whilst securing the financial comfort of himself and his wife.
- Following professional tax and legal advice Mr. MP subscribed to a policy with Premium Life and contributed a premium of USD 20m consisting of liquid assets and real estate. The real estate was contributed by transferring the ownership of the shares of the company holding the assets.
Mr. MP managed the sale of real estate within a tax neutral environment and continues to operate his increased liquid assets with the trusted investment manager. He and his wife as life assured can benefit from the assets in the policy until the assured events take place. They also get to freely decide the beneficiaries of the insurance policy and the proportion assigned to each one.