It is with great pride that we share with you the publication of the new article “Tax benefits of the asset management foundation and trust in Hungary” by Dr. Ákos Menyhei. The article is published in the latest issue of Trust&Trustees and it provides a comprehensive summary of the tax benefits available for trusts and asset management foundations in Hungary.
Primus Trust Corp. hereby notifies its valued clients that effective 8 April 2019 the limit of its professional indemnity insurance was increased to the value of EUR 20.000.000. The increased limit of the professional indemnity insurance allows our company to deliver its services to our clients with even greater security.
Under the brand name „Shanghai Express”, Primus Trust Corp. entered into a trilateral agreement with Nexus Global Capital from Singapore and Hu Chun Asset Management from Shanghai, companies specializing in financial and investment advisory. According to the agreement, these partners will particularly recommend to their international clients primarily from the Far-East the trust services provided by Primus Trust Corp. The agreement was borne as a result of Hungary’s wide-reaching set of concluded treaty agreements on investment protection and avoidance of double taxation, the favorable legal environment, as well as our audited business record and the high professional quality of our services.
We are pleased to announce that Chambers & Partners ranked dr. Ákos Menyhei managing partner as a first-rate lawyer (Leader in his field). In addition, Chambers & Partners honorably mentioned counsels dr. Kristóf Ulmann.