Ensol
Family Office
Immigration and Visa
Ensol Tax Planning
The Common Reporting Standard (CRS) is a global tax standard developed by the Organisation for Economic Co-operation and Development (OECD). Its main purpose is to facilitate the exchange of financial account information between governments and combat international tax evasion.
• CRS requires financial institutions in member countries to collect and report information on the financial accounts of non-resident taxpayers to their national tax authorities. This information is then automatically exchanged between countries, helping governments understand the overseas assets of their tax residents.
• For individuals with overseas assets or cross-border income, CRS means their financial information will be reported and exchanged with their country of tax residence, which may result in additional tax liabilities. Understanding CRS helps you make more informed decisions when managing your international wealth and planning your taxes.
FATCA (Foreign Account Tax Compliance Act) is a law passed by the United States in 2010 aimed at preventing U.S. tax residents from using overseas accounts to evade taxes. • FATCA requires global financial institutions to report account information of individuals or entities with U.S. tax status to the U.S. Internal Revenue Service (IRS). Financial institutions that fail to comply with FATCA will face punitive tax withholdings from the U.S.
• For individuals with U.S. citizenship, green cards, or other U.S. tax status, FATCA means that their global financial account information will be reported to the IRS, potentially leading to U.S. tax liabilities. This is particularly important for U.S. citizens and those with assets or investments in the U.S.
Both FATCA and CRS involve cross-border exchange of tax information, but FATCA's information acquisition is unidirectional, with only the U.S. receiving information from other countries, while CRS involves the exchange of information among multiple countries.
Ensol provides the following services:
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Cross-Border Asset Allocation and Tax Compliance Planning
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With the implementation of CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Act), global asset transparency has greatly increased. Ensol Family Office focuses on providing clients with professional cross-border asset allocation advice, ensuring your global asset allocation complies with the tax requirements of various countries and avoiding tax risks arising from non-compliance. Through detailed tax analysis, we can help you effectively plan your assets to reduce unnecessary tax burdens and ensure the safe growth of your wealth.
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Tax Status Planning Before and After Immigration
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Immigration can have a significant impact on your tax status. Ensol Family Office provides comprehensive pre-immigration tax status assessment services to help you find the optimal solution in the tax system of your new country and avoid tax risks caused by lack of planning. Whether you are planning to immigrate or have already immigrated, we will assist you in streamlining and optimizing your tax status so that you can legally minimize your tax burden.
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Tax Structure Design for Business and Family Wealth Succession
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To protect and grow your family wealth, we focus on designing complex business and family wealth succession structures to ensure smooth wealth transfer under the premise of optimal taxation. Ensol Family Office leverages its in-depth legal and tax expertise to tailor a tax structure to your family's needs, based on CRS, FATCA, and the tax regulations of various countries, helping you achieve seamless intergenerational wealth transfer.
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Personalized International Tax Risk Management: In this era of globalization, the importance of tax risk management is increasingly evident. Ensol Family Office provides personalized international tax risk management services designed to identify, assess, and reduce your tax risks across multiple jurisdictions. Our team of experts will develop a customized tax risk management strategy based on your specific financial situation, asset distribution, and future plans, helping you minimize tax risks while complying with global tax regulations. Our goal is to ensure your wealth operates safely worldwide, avoiding unexpected losses due to legal changes or tax policy shifts.
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Advantages of Ensol Tax Planning:
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Extensive Professional Knowledge and Experience: Ensol Family Planning Office boasts years of experience in tax planning, serving high-net-worth clients globally. Our expert team comprises financial advisors, tax lawyers, and multinational tax specialists, possessing a deep understanding and extensive practical experience with CRS, FATCA, and various national tax regulations. We not only understand the complexities of the global tax environment but also flexibly respond to various unforeseen circumstances, providing precise solutions.
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Tailor-Made Wealth Management Solutions: Every client's financial situation and needs are unique. We understand this and are committed to providing tailor-made wealth management and tax planning services for each client. By thoroughly understanding your family structure, asset distribution, financial goals, and risk appetite, we design the most suitable tax and wealth management plan to ensure you achieve your long-term wealth preservation and growth goals.
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Combination of Global Perspective and Local Expertise: Envol Family Planning Office operates globally, with particularly rich experience in the Asia-Pacific, Europe, and North America markets. We can provide tax planning advice to clients worldwide while also possessing in-depth knowledge of local markets, ensuring your asset allocation and tax arrangements are not only compliant but also flexible and effective across different markets.
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Comprehensive Customer Service and Continuous Support: We firmly believe that exceptional customer service is key to success. We not only provide comprehensive support throughout the planning process, but also continuously monitor and update your wealth and tax arrangements to adapt to changes in the global tax environment. Our team is ready to respond to your needs and ensure your wealth management is always in optimal condition.
