A New Place to Call Home Residency –

options and implications for high net worth individuals

Successful people are heavily focused on wealth creation, but the protection and enjoyment of that wealth are equally important.

Multiple jurisdictions around the world are keen to attract high net worth individuals to invest and reside in their countries, offering incentive schemes in exchange for investment.

Intelligent tax planning can provide access to those schemes, minimising tax on foreign-sourced income and reducing or eliminating other personal taxes, such as capital gains tax or inheritance tax.

Private client advisors can use these incentives to help high net worth families relocate, waiving visa regulations or residency requirements in exchange for financial investment or a flat tax. The benefits are mutual, giving HNW families access to new cultures while providing a boost to local economies via the influx of wealthy individuals.

With this in mind, IR Global brought seven members of its Private Client Group together to discuss the situation for high net worth clients considering investment or relocation in their respective jurisdictions. The aim of the feature is to give members and their clients’ valuable insight into relevant incentive schemes and tax legislation. We also assess the real estate markets, company formation requirements and benefits available to people with resident status.

The following discussion involves IR Global members from Italy, Portugal, Malta, United Kingdom, Australia, Thailand and Curacao.