Wealthy Asian families are increasingly opting for prestigious universities in mainland China, Hong Kong and the wider Asia-Pacific region for their children’s undergraduate and postgraduate studies, due to factors such as their high international rankings and greater opportunities for business connections considerations. With that being said, to better facilitate and finance a cross-border university move, families should consider setting up a family trust to plan for their children’s lives abroad in Asia.
Rita Ku recently shared with the Financial Times about the benefits for rich families in setting up trust structures in the places where their children are studying, such as Hong Kong, including tax benefits and easier pathways to residency and citizenship.
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