Travel, Tourism & Hospitality

Dubai-based RIF Trust expands into China

Dubai-based RIF Trust, part of the Latitude Group, an international leading residency and citizenship by investment advisory, has expanded to China, operating two new offices in Hong Kong and Shanghai as part of its strategic expansion plan.

Starting from December 2020, the two offices will provide RIF Trust’s clients and its B2B partners with the required on-the-ground support for individual consultations, application care, events and seminars.

RIF Trust has appointed Aleksandra Smolen in Hong Kong and Emily Chen in Shanghai as Business Development Directors responsible for promoting RIF Trust’s extensive portfolio of residency and citizenship solutions in the ever-important Chinese market.

Over the three past decades, the investment migration industry has seen continued growth in China with more than 57,000 Chinese spending over $44 billion for residency by investment, making China the world’s largest market in this industry.

The deregulation of the investment migration industry in 2018 created a market gap for a government-approved service provider that can deliver local expertise with an international reach.
RIF Trust has partnered with China Offshore, a professional network firm headed by Managing Director Matthew Sumner and General Manager Nick Parrish based in Shanghai. China Offshore supports an extensive network of professionals in the fields of corporate services, fiduciary services and investment migration by providing them with latest market analysis and by organizing networking events and assisting their clients with remote lead generation.

Mimoun Assraoui, RIF Trust’s CEO and Vice Chairman of Latitude Group, said: “We are pleased to announce this expansion. Since 2018, our merger with Latitude has brought us exceptional international growth, and today we expand to the largest investment migration market in the world.”

China Offshore’s Managing Director Matthew Sumner added: “China Offshore is pleased to be helping RIF Trust enter the Chinese market. Over the last ten years, we have supported our partners across a series of channels including events, online, print and remote lead generation services. We look forward to connecting RIF Trust with our Chinese network and have them offer their extensive residency and citizenship solutions.” – TradeArabia News Service