Offshore is Primary Focus for New Wealth

According to the Offshore Investment Global Company Formation Survey 2013, with HNW individual populations in Asia and Latin America expected to grow by 88% in the next decade, and as their primary focus will be on wealth creation, the role of offshore companies will flourish.

Cyprus and Spain signed Double Tax Treaty between

In 2009 Cyprus was removed from the Spanish “Black List” of tax havens and now on 14 February 2013 countries signed a Double Tax Treaty, which is a positive development in the trading and investment relationship between the two. In three months the treaty will enter into force with several significant provisions of the treaty…

Survey shows HNW clients seek more information

MDRC, a management consulting firm specializing in wealth management recently finished it’s 14th annual UK HNW Report. The survey covers multiple aspects of the UK High Net Worth sectors, including defining and measuring the size of the HNW market,growth prospects, financial analysis, client expectations and other developments.

Draft Legislation Published for new Capital Gains Tax

On January 31st, the UK Government published draft legislation for new capital gains taxes on residential property in the UK. The new charge will be levied on UK and non-UK companies and other “non-natural persons” selling UK residential property which is valued at more than £2 million.