{"id":3736,"date":"2026-10-01T12:02:47","date_gmt":"2026-10-01T10:02:47","guid":{"rendered":"https:\/\/balmontconseil.com\/expatries-mobilite-internationale\/destinations\/asie\/"},"modified":"2026-10-10T23:22:36","modified_gmt":"2026-10-10T21:22:36","slug":"asie","status":"publish","type":"page","link":"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/asie\/","title":{"rendered":"Wealth management for expatriates in Asia"},"content":{"rendered":"<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" style=\"border-left:3px solid #e6ff2a;background:#151c21;margin:0 0 34px;padding:22px 26px\"><p style=\"color:#e8eef2;font-size:18px;font-style:italic;line-height:1.6;margin:0\">\u201cAlexis, my group is offering me Singapore or Tokyo for three years. From a tax point of view, is it the same for the assets I keep in France?\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">No, and the difference has nothing to do with the local tax rate. It comes down to two texts that are rarely read before leaving: the list of countries that assist France in recovering tax, and the list of treaties that cover estates.<\/p>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">Of the eleven Asian countries in our comparison, <strong style=\"color:#ffffff\">none has signed an estate tax treaty with France<\/strong>. And the exit tax is automatically deferred for only four of them: Japan, South Korea, India and Indonesia. For Singapore, Hong Kong, Thailand or Vietnam, guarantees are required.<\/p>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">These eleven countries have 88,042 French nationals on the consular register as at 31 December 2025. At <strong style=\"color:#ffffff\">Balmont Conseil<\/strong>, we start from this verified framework, country by country, before discussing investments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:34px;line-height:1.2;margin:56px 0 16px;font-weight:700\">1. What applies across Asia<\/h2>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">Four observations, common to all eleven countries, that expatriation guides leave out.<\/p>\n\n\n\n<ul class=\"wp-block-list\" style=\"margin:0 0 24px;padding-left:24px\">\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">No treaty protects your estate.<\/strong> France applies Article 750 ter of the French Tax Code: assets located in France, and all assets received by an heir domiciled in France for at least six of the last ten years. The host country applies its own law, with no coordination.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">Exit tax depends on the country, not on you.<\/strong> For a departure with more than \u20ac800,000 in securities, or at least 50% of a company&#039;s profits, deferral is automatic in four countries, and requires a tax representative and guarantees in the others.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">Your French income remains taxable in France.<\/strong> Rent, property capital gains, dividends: a minimum rate of 20%, then 30% above \u20ac29,579 of net taxable income, plus social charges at the full rate, since no Asian country qualifies for the reduced rate of 7.5%.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">Treaties from very different generations.<\/strong> Those with Thailand, Malaysia and the Philippines date from the 1970s; those with China and Singapore from the 2010s. A text from 1974 and one from 2015 are not read the same way: each is read article by article.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:34px;line-height:1.2;margin:56px 0 16px;font-weight:700\">2. The eleven-country comparison, verified<\/h2>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">Here, for each country, are the four pieces of information that change a wealth planning case, taken from official sources as at 1st October 2026.<\/p>\n\n\n\n<figure class=\"wp-block-table\" style=\"margin:28px 0 14px;overflow-x:auto\"><table style=\"border-collapse:collapse;width:100%;min-width:760px\"><thead><tr><th style=\"padding:12px 14px;border-bottom:2px solid #e6ff2a;color:#ffffff;background:#151c21;font-size:14px;line-height:1.4;text-align:left;vertical-align:bottom;font-weight:700\">Country<\/th><th style=\"padding:12px 14px;border-bottom:2px solid #e6ff2a;color:#ffffff;background:#151c21;font-size:14px;line-height:1.4;text-align:left;vertical-align:bottom;font-weight:700\">French nationals registered at 31\/12\/2025<\/th><th style=\"padding:12px 14px;border-bottom:2px solid #e6ff2a;color:#ffffff;background:#151c21;font-size:14px;line-height:1.4;text-align:left;vertical-align:bottom;font-weight:700\">Tax treaty<\/th><th style=\"padding:12px 14px;border-bottom:2px solid #e6ff2a;color:#ffffff;background:#151c21;font-size:14px;line-height:1.4;text-align:left;vertical-align:bottom;font-weight:700\">Estate tax treaty<\/th><th style=\"padding:12px 14px;border-bottom:2px solid #e6ff2a;color:#ffffff;background:#151c21;font-size:14px;line-height:1.4;text-align:left;vertical-align:bottom;font-weight:700\">Exit tax: deferral<\/th><\/tr><\/thead><tbody><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/singapour\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Singapore<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">11,498 (\u22125.7 %)<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">15 January 2015 \u2014 income<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Subject to guarantees<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/hong-kong\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Hong Kong<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">9,943 (\u22120.6%), including Macau<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">21 October 2010 \u2014 income and wealth<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Subject to guarantees<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/japon\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Japan<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">13,125 (+3.7 %)<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">3 March 1995, 2007 amendment \u2014 income<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Automatic<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/chine\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">China<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">10,997 (+0.9%), excluding Hong Kong<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">26 November 2013 \u2014 income<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">To be confirmed: plan for guarantees<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/coree-du-sud\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">South Korea<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">3458 (\u22122.2 %)<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">19 June 1979, 1991 amendment \u2014 income<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Automatic<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/inde\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">India<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">6893 (\u22121.9 %)<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">29 September 1992 \u2014 income and wealth<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Automatic<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/indonesie\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Indonesia<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">3135 (\u22122.6 %)<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">14 September 1979 \u2014 income and wealth<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Automatic for departures since 2025<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/malaisie\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Malaysia<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">2,937 (+1.7 %)<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">24 April 1975, 1991 and 2009 amendments \u2014 income<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Subject to guarantees<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/philippines\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Philippines<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">3,029 (stable)<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">9 January 1976, 1995 and 2011 amendments \u2014 income<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Subject to guarantees<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/thailande\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Thailand<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">16,070 (+4.8 %)<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">27 December 1974 \u2014 income<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Subject to guarantees<\/td><\/tr><tr><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#ffffff;background:#151c21;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\"><strong style=\"color:#ffffff\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/vietnam\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Vietnam<\/a><\/strong><\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">6957 (\u22123.1 %)<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">10 February 1993 \u2014 income and wealth<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">None<\/td><td style=\"padding:12px 14px;border-bottom:1px solid #26323a;color:#c3d2db;background:#0f161a;font-size:15px;line-height:1.55;vertical-align:top;text-align:left\">Subject to guarantees<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\" style=\"color:#7d8f9a;font-size:12.5px;line-height:1.55;margin-top:12px;text-align:left\">Sources: list of tax treaties concluded by France (BOI-ANNX-000306, updated 29 April 2026); exchange-of-information and recovery-assistance clauses (BOI-ANNX-000508, position at 8 October 2025) and the notes to form 2074-ETD 2026; register of French nationals living outside France at 31 December 2025 and 31 December 2024 (Government reports 2026 and 2025, Ministry for Europe and Foreign Affairs), change calculated over one year. Position as at 1st October 2026. On a phone, swipe the table.<\/figcaption><\/figure>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\"><strong style=\"color:#ffffff\">\u201cIncome and wealth\u201d matters for IFI (real estate wealth tax).<\/strong> Hong Kong, India, Indonesia and Vietnam have a treaty that also covers wealth tax: it allocates the right to tax your assets. Elsewhere, French IFI applies under French law alone, to your property located in France above \u20ac1.3 million.<\/p>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\"><strong style=\"color:#ffffff\">The case of China.<\/strong> The tax authority&#039;s annex recognises a recovery-assistance clause with China, but the official notes to the exit tax return do not list it among the countries with automatic deferral. Until the non-residents&#039; tax office has confirmed this in writing, we prepare the file as if guarantees were required.<\/p>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\"><strong style=\"color:#ffffff\">Singapore and Hong Kong, the two financial centres, require guarantees.<\/strong> This is the point most often discovered too late: an executive leaving with their shares must provide guarantees to avoid paying the exit tax on departure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:34px;line-height:1.2;margin:56px 0 16px;font-weight:700\">3. Our services: 360\u00b0 support for expatriates and investors<\/h2>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">Three workstreams, in the order in which they are decided.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">Exit tax, depending on the country of arrival<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">We calculate your unrealised gains and test the thresholds in Article 167 bis of the French Tax Code before the destination is decided. For Japan, South Korea, India or Indonesia, deferral is automatic; elsewhere, we prepare the file: tax representative, type and amount of guarantees.<\/p>\n\n\n\n<ul class=\"wp-block-list\" style=\"margin:0 0 24px;padding-left:24px\">\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\">Assessment of unrealised gains and threshold testing.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\">Deferral file: tax representative and guarantees, if the country requires them.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\">Annual follow-up of the return for as long as the deferral runs.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">Your French contracts and investments as seen from Asia<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">A French assurance-vie held by a non-resident no longer bears social charges; withdrawals are subject to a 12.8% levy, or 7.5% after eight years, which the treaty may reduce. We look, contract by contract, at what to keep, what to surrender before leaving and how the host country will treat it.<\/p>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">For a long expatriation or a move between several countries, a <a href=\"https:\/\/balmontconseil.com\/en\/nos-solutions\/assurance-vie-luxembourgeoise\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Luxembourg assurance-vie contract<\/a> may be considered, always in light of local taxation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">Estate transfer without a treaty<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">We establish, heir by heir, what would be taxed in France and what would be taxed in your host country, then compare scenarios: death during the expatriation, death after returning. Gifts are prepared before leaving, while the French framework is known.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:34px;line-height:1.2;margin:56px 0 16px;font-weight:700\">4. Methodology: our way of working<\/h2>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">We work in four stages, and at each stage you know where you stand.<\/p>\n\n\n\n<ol class=\"wp-block-list\" style=\"margin:0 0 24px;padding-left:24px\">\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">The initial review.<\/strong> We establish your actual situation: the make-up of your wealth, the project timeline, the situation of each member of the household, and the tax domicile of your heirs \u2014 because it is theirs that counts, not yours.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">The applicable framework.<\/strong> We set out, source by source and with its date, the framework that applies to you. What we do not know, we mark \u201cto be confirmed\u201d \u2014 never anything else.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">The choices.<\/strong> We present the options with figures and their respective consequences, and you decide. <a href=\"https:\/\/balmontconseil.com\/en\/ingenierie-patrimoniale\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Wealth structuring<\/a> comes after the decision, not before.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">Ongoing monitoring.<\/strong> An annual review, free of charge, to check that the framework has not moved \u2014 treaties are amended, incentive regimes are abolished, thresholds change.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:34px;line-height:1.2;margin:56px 0 16px;font-weight:700\">5. What the firm offers you<\/h2>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">What concretely sets our work apart.<\/p>\n\n\n\n<ul class=\"wp-block-list\" style=\"margin:0 0 24px;padding-left:24px\">\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">Sources, not claims.<\/strong> Every item in your file carries its reference and its date. You can check. It is the only way to work on a subject where most of the information available online is out of date.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">A single point of contact in France.<\/strong> We coordinate your local advisers; we do not replace them: the host country&#039;s domestic tax rules are handled with a qualified professional on the ground. Our role is to keep the whole picture consistent and to defend the French side of the file.<\/li>\n\n\n\n<li style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin-bottom:10px\"><strong style=\"color:#ffffff\">Fees that are easy to understand.<\/strong> Fees disclosed before any commitment: fixed-price reviews, tailor-made engagements at \u20ac500 incl. VAT per hour, insurers&#039; commissions on contracts taken out. The annual review is free of charge.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" style=\"border:0;border-top:1px solid #26323a;margin:46px 0\"\/>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:34px;line-height:1.2;margin:56px 0 16px;font-weight:700\">Frequently asked questions about expatriation to Asia<\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">Is there an estate tax treaty with any Asian country?<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">With none of the eleven countries in this comparison. The official list of conventions (BOI-ANNX-000306, updated April 29, 2026) recognizes only conventions on income, and sometimes on wealth. France therefore applies Article 750 ter of the General Tax Code without any treaty-based adjustment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">To which Asian countries is exit tax deferral automatic?<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">Japan, South Korea and India, plus Indonesia for departures since 2025: these countries assist France in recovering tax. For Singapore, Hong Kong, Malaysia, the Philippines, Thailand and Vietnam, deferral must be requested, with a tax representative and guarantees (Article 167 bis of the French Tax Code).<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">Is my French rental income still taxed in France?<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">Yes. It remains taxable in France, at a minimum rate of 20% up to \u20ac29,579 of net taxable income and 30% above that, unless you opt for the average rate. On top of this come social charges of 17.2% on unfurnished lettings and 18.6% on furnished lettings from 2025 income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">Is my French assurance-vie still worthwhile from Asia?<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">It remains worthwhile: a non-resident no longer pays social charges on gains, and the 12.8% or 7.5% levy on withdrawals can be reduced by the treaty. But the host country may tax these gains in its own way: this must be checked country by country, before any withdrawal.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">I am leaving for three years: do I need to reorganise everything?<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">No. A three-year expatriation is prepared as a round trip: you deal with the exit tax, check what happens to your contracts and plan your estate, without undoing what will have to be rebuilt on your return.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" style=\"border:0;border-top:1px solid #26323a;margin:46px 0\"\/>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:34px;line-height:1.2;margin:56px 0 16px;font-weight:700\">In summary<\/h2>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">In Asia, it is not the local tax rate that makes the difference: it is the absence of an estate tax treaty, common to all eleven countries, and the exit tax, automatic for only four.<\/p>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">These two points are settled before leaving, together with the fate of your contracts and your French income.<\/p>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\"><strong style=\"color:#ffffff\">Firm&#039;s fees: \u20ac500 incl. VAT per hour.<\/strong> Annual follow-up is free of charge.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">Let&#039;s review your situation<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\">A thirty-minute conversation is enough to place your destination in this comparison. You can also start with a <a href=\"https:\/\/balmontconseil.com\/en\/radiographie-contrats\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">free contract X-ray<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\" style=\"display:flex;gap:12px;flex-wrap:wrap;margin:24px 0 0\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/balmontconseil.com\/en\/contact\/\" style=\"background:#e6ff2a;color:#0b1317;border-radius:8px;padding:14px 28px;font-weight:600;text-decoration:none;display:inline-block\">Analyse my situation<\/a><\/div>\n\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/calendly.com\/asagnier-balmontconseil\/echange\" target=\"_blank\" rel=\"noreferrer noopener\" style=\"background:transparent;color:#ffffff;border:1px solid #3a4852;border-radius:8px;padding:14px 28px;font-weight:600;text-decoration:none;display:inline-block\">Book an appointment<\/a><\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" style=\"border:0;border-top:1px solid #26323a;margin:46px 0\"\/>\n\n\n\n<h3 class=\"wp-block-heading has-text-color\" style=\"color:#ffffff;font-size:22px;line-height:1.3;margin:34px 0 10px;font-weight:700\">Other destinations<\/h3>\n\n\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#c3d2db;font-size:17px;line-height:1.7;margin:0 0 18px\"><a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/etats-unis\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">United States<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/canada\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Canada<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/allemagne\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Germany<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/israel\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Israel<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/maroc\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Morocco<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/algerie\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Algeria<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/pays-bas\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Netherlands<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/australie\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Australia<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/liban\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Lebanon<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/cote-d-ivoire\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">C\u00f4te d&#039;Ivoire<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/irlande\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Ireland<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/grece\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Greece<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/monaco\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Monaco<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/andorre\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Andorra<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/chypre\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Cyprus<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/jordanie\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Jordan<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/bresil\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Brazil<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/mexique\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Mexico<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/senegal\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Senegal<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/tunisie\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Tunisia<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/royaume-uni\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">United Kingdom<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/suisse\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Switzerland<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/luxembourg\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Luxembourg<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/belgique\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Belgium<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/emirats\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">UAE<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/ile-maurice\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Mauritius<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/moyen-orient\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Middle East<\/a> \u00b7 <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/investir-en-france-etranger\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">Investing in France from abroad<\/a> \u2014 or return to all of our <a href=\"https:\/\/balmontconseil.com\/en\/expatries-mobilite-internationale\/destinations\/\" style=\"color:#e6ff2a;text-decoration:underline;text-underline-offset:3px\">expatriation destinations<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>French expatriates in Asia: no inheritance tax treaty in any eleven countries, automatic exit tax in only four. A verified comparison, from Singapore to Tokyo.<\/p>","protected":false},"author":5,"featured_media":0,"parent":4230,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"mfn-post-hide-title":"","footnotes":""},"class_list":["post-3736","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/3736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/comments?post=3736"}],"version-history":[{"count":4,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/3736\/revisions"}],"predecessor-version":[{"id":4887,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/3736\/revisions\/4887"}],"up":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/4230"}],"wp:attachment":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media?parent=3736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}