Mark
Establishing an offshore family fund for an entrepreneur expanding business in the UK
Services Provided
Wealth Planning
Fund Establishment
Client Background
Mark is a successful entrepreneur and father of three children. He is the owner of a successful HK company. The personal wealth he has accumulated over time includes his shares in the business and financial investment portfolios. To continue the business’s international expansion, Mark moved to the UK, where he expects to remain a resident for several years. As a result, he expects to be subject to UK taxes on his worldwide assets once he’s been in the UK for more than 4 years.
Client’s Goals
To set up the appropriate structure to hold his assets, as opposed to holding directly under his own name.
To manage company dividends and investment income efficiently whilst maintaining tax compliancy.
To keep a level of oversight over investment strategy and decision-making.
Our Tailored Solutions
Oakcean assisted Mark in establishing his own family offshore fund. Through this fund, the Oakcean investment team are able to work with Mark on the Investment strategy and execute the trades accordingly. Having Oakcean manage the day-to-day operations and reporting of the offshore fund, it significantly reduces the overall administrative burden, increased the visibility over the investment strategy, making decision-making easier for Mark.
With meticulous cashflow planning and adequate tax advice, Mark was also able to defer distribution of company dividends during his time in the UK.
Outcome
The fund structure provided asset protection and privacy.
His investment portfolio achieved compound, tax-deferred growth within the offshore fund structure.
Mark retained some investment autonomy while benefiting from professional and compliant management.
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