BVI eyes rich Chinese, SE Asian families

Interest is rising among rich Chinese and Southeast Asians in setting up trusts to pass on their wealth to the next generation, says Orlando Smith, premier of the British Virgin Islands – a trend he expects to benefit the Caribbean territory. That is one driver behind the BVI’s move to set up a representative office in Hong Kong, which officially opens on Thursday. Another is a desire to attract more investment funds to domicile in the jurisdiction, rather than using the Cayman Is…