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Best known for its private banks for wealthy, international clients, at the end of last year Liechtenstein decided to also become a crypto hub.
Chinese common reporting standard arrives: Chinese govt receive bank account information on residents from 75 countries
The Jersey government’s recent introduction of International Savings Plans (ISPs) is just the latest sign of the growing importance to the island of clients originating from the Middle East.
Fears of an exodus of assets and wealthy individuals from Gibraltar when the British overseas territory exits the EU along with the rest of the UK in 2019 have proved unfounded, as a massive uptick in the Rock’s blockchain business has continued to attract newcomers.
Germany is now home to more billionaires than any other European country, and after an exceptionally long period of economic growth, more and more families are moving to sell their family businesses, setting up family offices and otherwise structuring their wealth more professionally.
At a time of macroeconomic and political upheaval across the European continent, Luxembourg is quietly witnessing an influx of HNWIs
Mauritius is the fastest growing wealth market in Africa, according to a recent report, with the number of millionaires increasing by 20 per cent in the last year alone.
Dubai International Financial Centre (DIFC)-based wealth advisers are seeing opportunities aplenty from Saudi females looking to discuss their options.
Since his election in May 2017, French president Emmanuel Macron has worked to reverse France’s reputation as a country that levies excessive taxes on the wealthy and is anti-business.
At the end of 2017, the Cayman Islands introduced a new legal vehicle called the foundation company, essentially a company with separate legal personality that can function like a civil law foundation or a common law trust
The private client market in Bermuda has seen a significant increase in high-profile trusts cases thanks to several recent legal updates that have made the jurisdiction attractive
Advisers to the wealthy in Geneva are busier than they have been for some time and are predicting a further uptick in work when the regulation of trust practitioners
Malta and Cyprus have much in common, as two islands in the Mediterranean that are both members of the European Union and were once renowned for their popular citizenship by investment programmes. Both countries continue to attract a steady flow of the world’s wealthiest families to their shores, an
Zurich is benefitting from the cryptocurrency phenomena, thanks to its proximity to the small canton of Zug, dubbed crypto valley, which is fast emerging as a global hub for initial coin offerings.
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.