blogger linkedin twitter
Film industry tax investment schemes that were once the holy grail have since left many badly burnt. So what tax incentives are there for UHNWs?
Kevin Lee, partner at Hong Kong law firm Zhong Lun, tells Citywealth about his work and says increasing compliance will mean less commoditisation.
In an innovative move in mid-March, Guernsey Finance led a delegation of the island’s professional services firms to New York, seeking to capitalise on what they see as a growing opportunity for Guernsey to attract business from wealthy Americans.
Jersey is on the brink of approving another set of amendments to its trust laws, as it continues to innovate to stay ahead of rival jurisdictions targeting work for private clients.
While generally seen as a good thing for HNW individuals, Trump's tax reforms have heralded a wave of rethinking and revisiting of structures among America’s richest families, and wealth advisers say they have never been busier.
The Asian wealth management centres of Hong Kong and Singapore report high net worth families refocusing their investments back into the region, after years of channelling assets into North America and the UK.
As Germany's central bank has decided to include China's currency, the yuan, in its foreign exchange reserves, Citywealth it taking a closer look at the affinities between the two manufacturing countries.
Switzerland’s private wealth advisers are increasingly looking to work for families based within the country’s borders, as they struggle with the strength of the Swiss franc.
Singaporean private clients warm to succession planning but demand customised legal advice to blend business with their personal lives, says Joanna Yap, partner at Withers KhattarWong.
Last summer, Greater China hedge funds had bounced back from their worst performance in five years beating the majority of global hedge funds. Citywealth investigates.
Earlier this year, Gibraltar’s parliament approved a bill to introduce private foundations, after advisers locally lobbied the government to add the legislation to the jurisdiction. Foundations are increasingly seen as a popular alternative for HNWs from civil law backgrounds.
Monaco unveiled a revision of its succession laws which until this year had been the subject of dissent. The reason was that Monaco, is a civil law country, and, under civil law, descendants had certain rights that international families often didn’t want to follow. What does it mean to UHNWs?
Despite political challenges, and the ever-increasing burden of regulation, the news from Jersey and Guernsey shows strong growth as they maintain their positions as leading centres of international private wealth.
Frederick Bjørn tells Citywealth about the peculiarities of the Scandinavian private client market, opportunities arising from the UK non-dom changes, and what he enjoys and worries about being a judge at the upcoming Citywealth Future Leaders Awards.
Globalisation has taken a knock with the Brexit referendum but is internationalism an unstoppable force with the advent of the internet and ease of travel? The trust industry similarly has seen unprecedented buyouts to offer “one brand” to global clients but is that an easy concept to manage or will
Despite Gibraltar's opposition to Brexit in last year's EU referendum, the jurisdiction is now jostling to be a gateway to the UK for businesses and high net worth individuals working in the EU.
With the Russian currency struggling, high real-estate acquisition costs in the UK, uncertainty around taxation of non-doms and Brexit worries, there has been a slowdown in immigration and related tax advice from Russia.
Guernsey fiduciary market is getting from strength to strength, with Equiom's acquisition of Virtus Trust Group, and Estera that has taken over Morgan Sharpe and Heritage Financial Services.
Gaining wealthy Chinese UHNW clients has been a long-term target market for the private wealth industry globally, so we wondered what that meant for Western financial services. Will China leap frog Western players or is there lucrative investment work to be had?
Middle East, India, China and Brazil are growing sources of business as HNWi’s from those markets seek to invest in the UK with Isle of Man advisers.