When you hear the word "foundation" your immediate correlation is probably "charity."
While recent events have put a temporary halt on global mobility, as the pandemic dissipates it seems likely that there will be increasing interest from high-net-worth individuals and their families in having their primary or secondary residence in an offshore location.
With world economies in trouble in the wake of the Covid-19 pandemic, high-net-worth individuals and their advisors may be seeking new wealth management vehicles and opportunities.
As families and their advisers look beyond traditional wealth centres as a location for the family office, the British Overseas Territories (BOTs) of Bermuda and the Cayman Islands are proving increasingly popular choices.
British Virgin Islands
In the wake of the economic downturn resulting from the global pandemic, a significant increase in fraud cases can unfortunately be expected.
For decades, the British Virgin Islands (BVI) has been a leading international financial centre that continues to play a unique and neutral role in global finance.
Devry Smith Frank LLP
An estate freeze fixes the value of the asset that is frozen, such as shares of a corporation, in the hands of the owner until the time of death, allowing the freezor to calculate the expected tax liability that arises on death.
Borden Ladner Gervais LLP
On October 14, 2020, Toronto-based FinTech startup Wealthsimple announced that it had raised C$114 million in equity financing. Following the raise, Wealthsimple claims it has reached a unicorn valuation of C$1.4 billion.
The day when you achieve complete financial freedom may come years before you decide to retire. In fact, highly motivated people who enjoy the challenges and rewards...
A tumultuous new reality has spread across the international economy. While some will weather troubled times well, or even profit from them, others will experience a more negative impact.
"It's never too early to get a financial advisor," says Dawn Marchand, Chief Executive Officer of Lawyers Financial.
MLT Aikins LLP
On July 13, 2020, Infrastructure Canada announced that three communities in Alberta will receive Federal Government funding totalling $131,000 to support the improvement of their asset...
Many families have been facing a new kind of financial reality. From loss of income, to changing the way we work, to thinking about priorities, the conversation about money is changing.
The Cayman Islands comprise three islands: Grand Cayman, Cayman Brac and Little Cayman. They are located in the Western Caribbean Sea, approximately 500 miles south of Miami, Florida.
The pandemic has radically changed the way people and businesses work and behave. Specifically, high-net worth individuals (HNWIs)...
The legal framework governing trusts in Cyprus is based on The Trustees Law, Cap. 193, ("The Trustees Law")...
N. Xenofontos LLC
A trust is a fiduciary relationship in which one party, known as a settlor (or trustor or grantor in the U.S.), gives another party, the trustee, the right to hold title to property or assets...
In today's episode Denise Hamer, Head of Kinstellar C/SEE Asset Solutions, speaks with Timur Peters, Founder and Managing Director of Debitos GmbH.
A lot of us will have had the feeling of having spent the last 20 years on a fast-paced treadmill. Life has been a constant ‘busy'.
Family offices managing the affairs of high-net-worth families have become increasingly important to the financial services industry in Hong Kong and most other major financial centres.