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Tax, non-dom uncertainty prompts UK wealth exodus

March 2, 2018

Uncertainty over the legal status of non-domiciles, residency and Brexit is behind a flight in wealthy individuals and families from the United Kingdom to friendlier destinations around the world.

Uncertainty over the legal status of non-domiciles, residency and Brexit is behind a flight in wealthy individuals and families from the United Kingdom to friendlier destinations around the world.

Relocation experts discussed the trend at a high net wealth mobility event near London last month, sponsored by Locate Guernsey and attended by about 130 private wealth advisors.

Altered regulatory landscape makes family office location vital

March 17, 2017

Given increasing levels of instability and scrutiny in the world, the location of family offices has taken on new significance in recent years, with families understandably concerned about finding the most secure environment for the governance of their assets, says Dominic Wheatley, chief executive of Guernsey Finance.

Guernsey uses Brexit to woo families to Channel Island

July 22, 2016

Uncertainty in the wake of the Brexit vote has bolstered a state-funded initiative to attract businesses and high net worth families to set-up or relocate to Guernsey.

Uncertainty in the wake of the Brexit vote has bolstered a state-funded initiative to attract businesses and high net worth families to set-up or relocate to Guernsey.

Locate Guernsey, funded by the island’s government, the States of Guernsey, has already helped 14 businesses and high net worth individuals move to the Channel Island in the first six months of 2016.

Feeling the heat: why offshore centres are hitting back

February 26, 2009

Offshore centres around the world are being vilified by the OECD and the EU, but what are the facts?

In October 2008, the Organisation for Economic Cooperation and Development (OECD) renewed its campaign against offshore financial centres before, in November, the European Commission announced plans to extend its savings tax directive.

Although some offshore centres have adopted a wait and see attitude to these developments, others have already expressed anger at the potential threat to their financial services industries. Cayman and Switzerland have been among the most vocal.

Tide turns for offshore financial centres

March 1, 2008

Offshore financial centres around the world are becoming increasingly popular for wealthy families to invest in. Bob Reynolds highlights some of the more popular offshore centres and how their individual strengths can suit the wealthy business family

The last decade has seen considerable change in the scope of the services and products offered to wealthy families by offshore financial centres. Competition has intensified between leading jurisdictions and the traditional standard bearers have been obliged to up their game to stay in contention.