Asset Protection is about identifing the risks your wealth may be subject to and then establish a strategy to manage them and protect against them. Often this will include the establishment of a trust or a foundation.
Tax planning is enabling you to grow your after-tax returns by optimizing the structure of your assets within the legal framwork.
We can assist you with comprehensive tax advice on issues ranging from planning asset structures to finding the right legal structure.
Obtaining a citizenship in a country of choice gives a new dimension to your international planning and structuring.
Organising your wealth management in a family office may be an efficient way of engaging new generations in the management.
Westmoore Private Clients is the advisory arm of Westmoore Wealth, the boutique wealth management and fiduciary services group. We work with clients to strategically preserve their wealth across generations and jurisdictions.
Stein Johnsen, Partner
30 November 2018
26 November 2018
25 October 2018
25 October 2018
24 October 2018
17 September 2018
U.A.E.: Offers Expats Residency
6 September 2018
We travel to take part in key events
The Cross Border Planning for the Private Client took place in London on 24 - 25 September and in Hong Kong 25-26 october. Westmoore Private Clients were present and had the opportunity to present and discuss Cyprus Investment Program and our range of services for the private client.
Hong Kong skyline
Some countries do have a special tax regime for individuals who are resident but not domiciled in the country. They are generally called non-doms. The most well-known is the tax regime for UK non-doms but other countries have also introduced similar offers to attract wealthy people to their country.
Previously, UK non-doms would have the opportunity to be taxed in the UK only on their income from the UK and any foreign income remitted to the UK. There was no time limit to this position but from April 2017, anybody who has been resident in the UK for more than 15 of the past 20 tax years will be deemed UK-domiciled for all tax purposes and subject to the same rates of tax on any income.
Cyprus Investment Program
Cyprus is ranked as the 5th best relocation destination in the world, according to ranking by an international lifestyle review, and has attracted its fair share of individuals wanting to acquire Cypriot citizenship, particularly HNW and professional individuals, especially through its favourable tax regime for new residents.
The key part of the investment program is that after an investment of at least €2M and the purchase of a private residence of at least €500K in Cyprus, you are entitled to apply for Cyprus citizenship.
The most common is to invest in real estate but other investment options are also available.
It is important to note that the €2M is an investment and not a donation as you see in some other jurisdictions.
We work with several of the best property developers in Cyprus and will be able to guide you in your search for the perfect property or investment portfolio.
See some of the properties here