It is unusual in today’s global arena for high net worth individuals to confine ownership of assets to one jurisdiction. It has become the norm to expand one’s asset base across territories, across the world. The term “global citizen” is attached not only to the mobility of an individual, but also to his assets. This …
The EU Succesion Regulation means that some European countries will have to deal with trusts over local assets much more frequently than in the past. Wealthy international families are frequently accused of using trusts and other such knavish tricks in an attempt to avoid or evade their tax obligations. This is not a new accusation. …
Mauritius, internationally recognised as a preferred tourist destination for its luxury tropical beach resorts, has also successfully positioned itself both as an advantageous solution for global family offices and as a regional investment hub. From humble sugar-based agricultural beginnings, Mauritius today is a well-established destination for high net worth families and investors seeking a secure …
MAURITIUS: A RISING JURISDICTION OF SUBSTANCE AND INNOVATION Read More »
“No man is an island, entire of itself” said John Donne, “every man is a piece of the continent, a part of the main.” The poet was not to know how true these words would ring as global governance and compliance standards continue to extend their reach and force even the most far-flung jurisdictions into …
The role of the family constitution in future-proofing a family business and preserving family values. What is a family business? The answer is that a family business exists when family members are the dominant owners of a business and family issues have the ability to influence the outcome of the decision making process. Family businesses …
Cécile Schlub, Senior Associate at Maitland, discusses the new French wealth tax regime which applies to residential real estate. If French real estate is held through trust, corporate or other investment structures, non-resident owners should carry out a full review and note that wealth tax filings are due by end-May each year. France has always …
WITH ALL EYES ON FRANCE, LET’S LOOK AT WEALTH TAX Read More »
In the past year the UK government has pressed ahead with some significant consultation papers and changes which will in future affect beneficial owners of non-resident legal entities owning UK commercial property. In this update, Selu Mdlalose, Client Service Director at Maitland in the Isle of Man, highlights the three changes likely to be of …
