The ever-changing legal environment creates formidable challenges for High-Net-Worth Individuals today. It is becoming harder and harder to protect privacy while maintaining the power of information and staying in control as the pursuit for transparency and monitoring becomes ever more prevalent.
Learn how Primus Wealth can make the system work for you and how our EU and US trust solutions can help you get your privacy back in the era of FATCA, CRS and the EU’s Beneficial Ownership Register, whilst maintaining strong control over your assets.
An EU Hybrid trust can help you get your privacy back in the era of FATCA, CRS and EU’s Beneficial Ownership Register, whilst maintaining strong control over the assets while it can also be an ultimate asset protection vehicle, as it provides maximum legal protection and one of the best tax regimes in the world. The Hungarian hybrid trust (a trust managed by an asset management foundation) is currently the world’s leading privacy protection vehicle with no headaches caused by CRS, FATCA and BO registry reporting. Competing structures cannot achieve the same level of privacy.
The US can provide unique benefits to non-residents to legally maximize their privacy. In the US trust instruments are considered to be private documents and trusts don’t have to be registered with the government. Furthermore, there is no BO (beneficial owner) register in the US, and if the trust has no US income, you don’t have to file a US tax return. America is not part of the OECD’s Common Reporting Standard (CRS), so you can enjoy banking privacy as well.