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

First of all, don't think of Hong Kong trusts as financial products like mainland trusts. It is mainly a legal framework. 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 transfer money to children are the patents of billionaires, but in fact, ordinary people can also do it. It's not that cool or cool.

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

So how do you go about it through a trust? Choose a Hong Kong trust company that has 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, you can add your children/wife/parents. For the investment direction of the trust deposited funds, choose a more stable one, and refer to the annualized US dollar fixed deposit. After the trust is established, transfer u to the trust company's escrow account. They generally have offices and accounts around the world. Transferring various legal currencies to beneficiaries and buying various assets for beneficiaries are all small cases. The trust company is your risk isolation island for converting u 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 said it is suitable for 2 million u, and 1 million u should be enough. #otc #出金