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SOTERIA TRUST
ENABLING CLIENTS TO MANAGE, GROW AND PROTECT THEIR VALUABLE ASSETS
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oteria Trusts has won an award under the Trust and Fiduciary Services category in the Hong Kong Business Magazine’s High Flyer Awards 2021. Now on its 18th year, the awards programme has hailed businesses representing a wide range of industries, including banking and finance, insurance, legal services, interior design, F&B, ICT services, that have exemplified how a remarkable commitment to innovation, strong focus on customer service, and adherence to social responsibility make a business successful. By assisting clients to manage, grow, and protect their valuable assets within their lifetime and to create a tax-efficient legacy for their beneficiaries, Soteria Trusts proved that they are one of the top Trust and Fiduciary services in Hong Kong. Soteria Trusts is one of nine brands that the Business Class Group operates throughout the region. Each has its unique offering, including Retirement and Tax Planning, Investment Planning, Hong Kong and UK Real Estate Investment, Mortgage broking, Insurance broking and Will Writing services. Business Class Group has representatives in China, Bangkok, France and the United Kingdom, but their main operations are in Hong Kong with a substantial network of business introducers, including tax advisors, law firms, real estate agents and family offices. Matthew Dorrell, Director of Business Development in Soteria Trusts, said that their fiduciary solutions can be tailored to cater to the specific needs of
58 HONG KONG BUSINESS ANNUAL 2022
their clients. This may include international tax planning and asset protection from taxes, creditors or even just a family conflict, where they can advise on investment choices and platforms that will be the most beneficial to the individual. “As part of a larger group of companies, advisors in Soteria Trusts understand the multiple challenges associated with wealth management and asset protection. Companies within Business Class Group help clients to manage and grow their wealth with investment solutions, including property investment and mortgages, as well as building investment portfolios and retirement funds. This creation of wealth can however lead to increased tax liabilities that also require further planning,” Dorrell said. “By being a boutique consultancy in Hong Kong, we listen to our clients and provide the most appropriate solution based on their needs and requirements. Clients are not just a number, but a trusted relationship,” he added. Dorrell also emphasized that Soteria Trusts focuses on education. Their clients, which include UK property owners - not only of British Nationality but also local Hong Kong citizens, are often unaware that they are liable to multiple UK taxes associated with UK property ownership. He said that changes can be made once the property is acquired, by getting the asset into a more tax-efficient structure but also believes that if clients are given the opportunity to find out about the Soteria IHT Planning Service prior to
