The Ouyang Family

Streamlining family life for the Ouyang family in the UK

Services Provided

Bank Account Setup and Management
Legal & Tax Advisory
Mortgage & Financing
Residency Planning
Educational Consulting

Client Background

Mr and Mrs Ouyang, residents of Hong Kong, are a family of three with a 12-year-old child. Mr Ouyang, a local successful entrepreneur, is juggling a thriving business, while Mrs Ouyang is devoted to her role as a mother. Mr Ouyang was looking to diversify their wealth to Europe but was constrained by limited knowledge and time. Considering their child reached a pivotal age for middle school, the Ouyangs made the strategic decision for Mrs Ouyang to relocate to the UK with the child. This move not only allows the child to enjoy excellent educational resources in the UK but also offers an opportunity to gain exposure to the European financial system.

However, the prospect of a new life in the UK, coupled with Mrs Ouyang's ineligibility for a Parent of a Child Student Visa, posed challenges. In search of a smooth transition, Mrs Ouyang turned to us for comprehensive support in handling the essential aspects of their settlement.

Client’s Goals

Pre-arrival tax and financial planning.

Establish a residency plan tailored to the family’s circumstances.

Find a suitable middle school in the UK for the 12-year-old.

Purchase a house with mortgage financing.

Navigate the UK and European’s financial system.

Our Tailored Solutions

Our Team connected the family with UK tax advisors who assisted the family with pre-arrival planning.

Our Team also provided contacts in the UK immigration industry to the family who helped explore visa categories available to them.

We supported the family with setting up both UK and offshore bank accounts.

We assisted Mrs Ouyang in identifying suitable properties, negotiating the purchase, and securing mortgage financing with desirable terms for their new family home.

We collaborated with our education specialist partners to identify and recommend schools suitable for Mrs Ouyang's child. From the school selection process, school visits, to application preparation.

Outcome

The Ouyang family was able to have a clearly defined tax planning strategy prior to Mrs Ouyang’s relocation to the UK with their child.

Mrs Ouyang has obtained the right residency in the UK to ensure she could accompany her child for the remainder of schooling.

The family has bank accounts in multiple jurisdictions, which meet day to day banking needs, and longer term saving plans.

A start for global asset allocation. Mr Ouyang can now tap into his wife’s first hand insights into UK and Europe’s financial systems as they plan for the family's wealth longer term strategies.

The family has settled into the UK smoothly and is able to make the most of their new routine in the UK. Furthermore, we remain on hand to support the family on an ongoing basis as required.