About Us and What We Do
Corporate & Chancery Group Limited, Mauritius is a specialist, boutique firm of professionals (barristers and accountants) which provides discreet, cutting-edge tax planning and cross-border structuring advice, mostly to high net worth, and ultra-high net worth individuals. Although based in South East Asia, in Hong Kong, the advice proffered is truly international covering East Asia & China, Western and Eastern Europe, India, Africa, the Middle East, and South America.
The intellectual technology and techniques behind the company have a proven track record (see: 'chancerygroup.net') and the company specializes in special purpose vehicles which (a) protect the client from unwelcome intrusions by third parties, (b) protect the assets from outside attack, (c) enables a succession plan to be materialized without any adverse tax consequences, (d) enables the client to remain private within the structure.
The above is achieved without the use of trusts, which the advisers (who are specialist trust lawyers) consider to be 'old hat' in today's trust-hostile environment.
With such specialist structures a client can achieve all the benefits of a discretionary trust yet retain almost complete control over the wealth within it, which, had the arrangement been a trust, would have been declared a 'sham' meaning no trust ever existed with resulting catastrophic tax consequences for the client. In the Trusts & Estates 1999 Legalease Special Report, at p.26, Catriona Syed, wrote, `It is impossible to estimate how many sham trusts are currently in existence. Estimates vary from 50% to 80% of all trusts.`.
The international tax planning industry has been unable to move ahead and away from trusts as their jurisprudence is so settled, and they are so ingrained in the legal education and practice of all lawyers and accountants. Attempts have been made at promoting 'foundations' as an alternative to trusts. Invariably, tax authorities will either assess to tax the 'settlor' or 'client/promoter' or the 'ultimate beneficiary' of the foundation either by using a 'look-through' approach (Australia) or by characterising it as a 'trust' (Canada). Foundations attract significant attention from tax authorities and a client using such vehicles can find himself back to square one, together with a massive tax liability in the process, and with years of unwelcome litigation from the tax authorities.
Corporate & Chancery Group Limited’s essential skill is to 'think outside the box' and to provide 'lateral' solutions which meet the complex planning needs of sophisticated high net worth individuals.
We are international trust and tax specialists, we are private, discreet and at all times compliant.
We preserve legitimate & traditional confidentiality in an era of international tax transparency.
DO YOU KNOW ?
It remains possible to structure private wealth completely confidentially without compromising regulatory compliance. You can become legitimately unreportable, and succession becomes tax free.
We advise on our specialist Hong Kong corporate structure designed to preserve client privacy while strictly complying with applicable CRS and FATCA requirements.
The structure was previously offered as an official Credit Suisse product. We provided continuous management and international advisory services to Credit Suisse Trust in Mauritius for 18 years.
FEES
The fee is 1% of the asset value upon establishment and on each annual renewal.
Jonathan L. M. Shaw is a tax and trust barrister qualified in England & Wales and Hong Kong, with over 25 years’ experience of successfully advising high-net-worth and ultra-high-net-worth individuals.
Email: [email protected]
Telephone: +230 5257 7776 – Mauritius (GMT +3)
WhatsApp: +44 7766 600 958
Website: www.chancery-group.net
