“My mom taught me how to play mah-jong. She told me mah-jong would teach me important life skills: Negotiation, Strategy, and Cooperation”
– Rachel Chu, “Crazy Rich Asians”

Some time ago, I watched "Crazy Rich Asians", which was popular in North America, and read the follow-up "China Rich Girlfriend" and "Rich People Problems" all at once. The lives of the rich Asians are really interesting.

Twenty years ago, my personal banking friend sincerely told me, "Angela, when you don't have money, you just have to do one thing, and that is to make money desperately. When you have money, there are so many things to do... ". In the past 20 years, I have worked hard and accumulated wealth like many people. It is true that many customers and friends who have accumulated a lot of wealth are facing many problems.

Let's first look at the rich man’s new wife from the book; she is a third-rate celebrity who wants to be promoted to the upper class. She bought a Chinese ancient painting at the auction house at a record price, and thought she was in a good position to enter the upper class but the door of the upper class was not opened to her. It seems that men making money is only the first thing. Many things in the future still depend on your own awareness and action. What impressed me the most was the list of jewellery wore on the new wife’s transformation.

★ Jewellery List:

Tiffany
Mikkimoto
K SSze
Eastern Jewellery and Cartier
Pomellato
Edward Chiu
JAR

www.ks-sze.com

Although I have not had a chance to feast my eyes on the famous JAR of Paris, K.S. Sze is my unwavering choice.

Love of Jewellery since 1923

Mr. K. S. Sze started his own jewellery journey in Shanghai in the early 1920s and moved to Hong Kong in 1949. With a long history, "K.S. Sze & Sons" remains one of the most respected and renowned jewellery stores in Hong Kong, offering excellent products and service packages ranging from carefully planned works to detailed custom designs. Since its opening in 1963, the retail boutiques have been located at the Mandarin Oriental Hotel. Exquisite craftsmanship, high quality gemstones and the consistency of quality are the hallmarks of their work.

That's why many customer relationships can be traced back to more than half a century. Mr. K. S. Sze believes that the charm and immortality of jewellery can link a family together. It can be passed down from generation to generation among its members.

Today, K.S. Sze & Sons continues to open a franchise store at Mandarin Oriental and has another store in Landmark Prince's in Hong Kong. Excellent craftsmanship, high-quality gemstones and consistent quality are the company's hallmarks. K.S. Sze & Sons is a collection of custom designs, antique and vintage cultural jewellery and international designers.

Mrs. Sze told me that diamonds could be stored from a very young age. Choose a 1 carat diamond for your child’s birthday or Christmas each year. When the child is 18 years old, you can make a necklace with these diamonds.

It seems that diamond is not only a woman's best friend, but also a link of family inheritance.

Shanghai, known as Oriental Paris in the 1930s, is a paradise for adventurers. At the same time, Lao Feng Xiang jewellery still stands on the bustling pedestrian street of Nanjing East Road, and has developed into A-share listed company with branches all over China. There are also branches in New York and Vancouver. However, what makes people feel is that, with the changes in the world, many brilliant brands in those years no longer exist. Every time I wear K.S. Sze & Sons’s jewellery, I feel more about the urban changes from Shanghai to Hong Kong and the changes in the number of families. Wonderful brands still exist and remain strong.

This is an antique earring I bought at K.S. Sze last year. Not only is the workmanship exquisite, the price is much more reasonable than many famous brands. In my opinion, spending money is not about how generous you are, but about buying rare and good products at reasonable prices. The K.S. Sze jewellery store in Hong Kong Mandarin Oriental Hotel is where I go every time when I visit Hong Kong. Chatting with old friends not only can feast my eyes on many beautiful designs. I can also feel the changes of the times in Shanghai and Hong Kong, many people and matters.

Jewellery is art, wearable history, an excellent investment!

There is a Chinese saying: it is hard to carry family wealth over three generations. It means that the wealth created by the first generation of a family is difficult to extend beyond the third generation. But looking closer to Hong Kong, Taiwan, Japan and South Korea, it is not uncommon for families to be rich for more than three generations. A further look at Europe and the United States, there are many families that have been rich for five or six generations or more. With the rise of China's economy, the number of wealthy families has increased sharply. We need to see how the wealthy Europeans and Americans can alleviate their anxiety and enjoy a successful life.

Princess Diana wearing the earings from ©K.S. Sze & Sons

Sir Richard Branson, founder of Virgin Atlantic Airline, is an idol whom I admire. Flying from New York to London on his Virgin Atlantic Airlines was the best flight experience I have ever remembered. As Britain’s most legendary billionaire, he is known for his maverick, flying a hot air balloon across the Atlantic and Pacific Ocean. He never thinks that work is work and entertainment is entertainment. In 1979, he bought the small island of Necker Island in the Caribbean for 180,000 pounds. He could lie on a hammock with this small notebook on his knee and jot down his inspiration for work.

Richard Branson at his luxury private island - Necker Island

My young New Yorker girlfriend, Jasmine Shim, shared her experience of being invited to Necker Island in early 2019. Talking about this wonderful experience, Jasmine couldn't hide her excitement. “15 of us rented the entire Necker Island for 10 days. More importantly, Richard and his wife, Joan, were also there. They treat us like a family, and everyone who works here seems to be very happy. Among my friends are CEOs of famous enterprises, Olympic medalists, athletes, supermodels, entrepreneurs, etc.”

We kite Surfing together everyday. A Kite Surfing champion was arranged on the island to accompany us in this sport. Richard himself loves this sport.

Every evening we had a themed dinner, and we talked about topics ranging from space to artificial intelligence to Impossible Burger to Kite Surfer. What impressed me was the White Party. All the people wore white clothes and everything in front of them was white. There was also a Pirates of the Caribbean dinner.

The next morning, everyone got up early and played tennis. Richard himself is a super tennis fan and plays tennis every morning at 6 a.m. Anna Wintour also needs to get up at 5 o'clock and practice tennis in the morning.

We also did a yacht day trip to the neighboring island of Jost Van Dyke, where we could feel the atmosphere of tourists and youngsters.

BBQ for lunch.

Japanese cuisine served in the pool. The Kayak Boat in the center of one of the large pools was full of sushi on board. It was a wonderful dining experience.

It was truly an unforgettable experience. Everything is possible here, so free, bountiful and limitless. The memories and feelings from that trip became like a vitamin to my daily life, giving me a positive and happy energy.

My friend Swizz Beatz once said, "The sky is not my limit, it's just the view along my way." “We create our own world in our head and mind. My trip to Necker Island also made me mindful of every moment of my life. I am grateful for the beauty of everything around me. I love traveling because travelling makes me realize my true self and my current focus. I want to live my life every day just like travelling with a few suitcases – no worries, hassles or show-off.” - Jasmine

Princess Diana at Necker Island ©Getty Images

I also consulted my fashionable New Yorker girlfriend about the dress code on the island. It can be saved as favourite post the next time I go to the Caribbean.

Everyone dress down but still chic while having a vacation on the Caribbean island. Jasmine recommended this lingerie and swimwear brand named Agent Provocateur. These breathtaking swimwear designs are the best Caribbean items.

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Swimwear and sun hat - Hermès

Attire for the white party.

★ Jasmine's private island unboxing

* tiger leaf 100 serum by Tamburins (100% tiger leaf - this ingredient is magical)

* ecological compound by Sisley (I use this since teenager - just steady seller)

* never drying ultimate tonic by isoi (Bulgarian rose oil toner)

* C E ferulic by Skin Ceuticals (vitamin c serum)

* creme de la mer by La Mer (best rich cream ever)

* sun cream by Xoul (smart)

* sheet masks by Peach & Lily (this was a gift from the founder at first. Since then I have bought many boxes of this for myself and for my friends)

* gold blade ultrasonic galvanic ion device by Reclar (need a device to let my skin absorb skin care products better and deeper - fingers not enough and I can see big difference)

* precious hair care oil by Sisley (love Sisley’s hair care products and this is my fave)

* tinted balm no. 3 by Olio E Osso (for lips & cheeks - as I love “no make up” look more and more, this is my must have item and it’s mainly made out of organic olive oil so it’s healthy and non-toxic)

* skin caviar essence-in-foundation cushion compact by La Prairie (foundation meets caviar)

* X by Clive Christian (my fave perfume - hesitant to share)

Why did Richard Branson choose Necker Island as his life and work base, balance his life and work, and feast on the world's top guests?

Rich people are born in countries and regions with high tax rates. Such as Richard Branson who was born in the United Kingdom. Rich people plan their inheritance and other family assets in advance during their lifetime.

The British Virgin Island to which Necker Island belongs, like many other islands in the Caribbean, is not only beautiful, but also a famous tax-free sacred land. Rich people can retain the citizenship of their birthplace and become non-tax residents. They have successfully designed and planned the inheritance of their family wealth at low tax rates by becoming tax residents of the Caribbean island.

According to the relevant legal requirements of BVI, offshore companies are exempted from paying all taxes within 20 years from the registration, and only need to pay an annual fee to the BVI government each year. In recent years, individuals or companies from many countries have set up offshore companies to make full use of international tax agreement for asset planning, international investment, trade and other transactions, tax exemptions, will trust, and diversified loss of family fortune, etc. Currently, more than 250,000 overseas offshore companies have registered in BVI, which makes it one of the fastest growing offshore investment centers in the world.

In the United Kingdom and other Commonwealth countries, such as Canada, Australia, New Zealand, etc., whether a person stays in the country for more than 183 days in a tax year is the most basic point for determining whether that person is considered to be a tax resident of that country or not (although it is not the only way to determine). The tax advantages of being a non-tax resident is very obvious. For example, if there is no income in the Commonwealth, there is no need to declare and pay the relevant taxes of the country annually, and there is also a double tax credit granted according to tax treaty. Of course, in principle, you can't arbitrarily identify yourself as a non-tax resident. You need to consult a local professional tax consultant.

That's why Richard Branson chose to purchase Necker Island and declare himself as tax resident of BVI to establish a legal family tax planning system

In fact, all the wealthy families have troubles. The trouble of having no money and the trouble of having money are never in one dimension! And all the troubles caused by having more money have something in common. It is the so-called happiness is alike!

★ List of problems of the rich: Division of inheritance, risk of divorce, etc.

But the problems are always solved by people. Let's take a look at the very solutions we recommend!

Caribbean Islands

I flew to this Commonwealth Caribbean island country twice. Antigua is located 2000 kilometers southeast of Miami in the United States. It has a mild climate and an average temperature of 25-30 degrees Celsius. It is famous for its luxury hotel resort industry. Five-star Carlisle Bay, four-star Nonsuch Bay Resort, Blue Waters Resort and Spa, St. James's Club Resort are all very good choices. It integrates the diverse food cultures from all over the world. You can find Italian, Spanish, British, American, Korean, Chinese cuisines there. Of course, there are also the most authentic and local specialties restaurants: Dennis Cocktail Bar & Restaurant, Sheer Rocks (the No.1 restaurant on the island), and Big Banana (a local catering brand) are all worth visiting.

Antigua's sea view is so enchanting, my male clients would remain silent and female clients would shed tears when they see this. The 365 beaches of different colors bring unexpected surprises every day, “killing” countless films in minutes. No wonder Robert De Niro, Giorgio Armani, Silvio Berlusconi, Richard Branson, Oprah and other celebrities will not hesitate to purchase a property in the local area, not only because it is the top vacation destination, but also a world-class tax paradise, the latest essential treasure of family inheritance. It is a high-quality Commonwealth passport which has visa free to both U.K and European Union. Antigua is a high-quality program in terms of the processing time, the success rate, the 165 visa-free countries, and the amount of investment. In addition, there will be no global taxes, personal income taxes, capital gains taxes, inheritance taxes and so on, which will also largely protect the security of investors’ asset.

(Antigua's photos are all taken by friends from the same trip)

The epidemic makes me reconsider my life. Although the life in Shanghai is comfortable, it can't stop me from exploring my reverie of the sky. I really want to take my simple luggage and start a journey without worry, comfortably even losing confidence and self. Antigua program not only builds the sky of the family, but also makes people feel confident, having stars in their eyes. People around can feel the energy and gain strength form it.

★ The Antigua Program

The Half Moon Bay Resort project is the only large-scale development project in Antigua. It is developed by the world's top resort developers, Replay, the first-class architectural design team, OBMI, China Civil Engineering Construction Corporation, VISAS Consulting Group (Antigua Immigration Bureau authorized promotion agency) and the well-known accounting firm, Grant Thornton. The development and promotion of the Half Moon Bay Resort project have been fully supported by the Antigua government and endorsed by the Prime Minister of Antigua.

Even if you're still at the stage of struggling to make money, stress and worries are normalized. It's better to work harder to be a wealthy man, and have the troubles of being rich than to worry, until we sincerely congratulate you for stepping into a wealthy family! If you have any questions, please chat with Angela.

Angela Bi 毕颖
TCT Arte House, Founder
angelabi@tctandco.com

Written on July 2, 2020
Chinese Version 中文版