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Legal
Families are being advised to get their financial affairs in order and brace for an increase in tax bills following the revelation the UK’s tax authority set up a secret unit to probe family investment companies, specifically their use by the wealthy to avoid inheritance tax.
An inconvenient side effect to living in today’s fully digitised world is that threats have also gone digital—become more difficult to discover, track and neutralise. All financial institutions are now faced with the colossal task of protecting against increased threats to their business, no matter how ‘under the radar’ their profiles have traditionally been—family offices included.
For the first time, legal persons and other entities are obliged to declare their Ultimate Beneficial Owners (UBO) to the Central Register of the Ministry of Finance (MFA).
This small Mediterranean country—known as the perfect blend of gorgeous coastline and dramatic mountains—has much more to offer than meets the eye.
Family feud at Italy’s la Repubblica as founder seeks to take control from sons, India pharma brothers arrested over ‘330 million’ fraud and real estate family donate $100 million to help first-generation students
As the political crisis in Hong Kong heats up, migration consultants are being flooded with inquiries from ultra-wealthy families who are looking to leave the embattled city.
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