How to protect and spread your wealth optimally

Showing ways and solutions to the High Net Worth Individuals to protect and optimise their assets. Wealthy people – the so called High Net Worth Individuals – keeping their property on a foreign account are currently under a general suspicion of tax evasion. The case involving Uli Hoeneß appears to prove the opinion of all those who see a close correlation between a growing bank account and declining moral standards. Protecting and spreading the wealth in an optimum manner within the framework of legal regulations There are several substantial reasons for having one or more accounts...

wealth

Family Offices – What investors should know about them

The Family Office can help if the private wealth has become extensive and complex. Finding a suitable partner is essential. To enable successful, i.e. profitable, management of assets, Family Offices must meet specific quality requirements such as personal integrity, high professional standards and service orientation. Due to increasing complexity and internationalization, advice from independent external legal advisors is indispensable in order to guarantee high-level expertise. Mandating large law firms can be advantageous for liability reasons. The Family Office concept Depending on...

family offices

Why is Belgium tax residence appealing for HNWI?

Given its excellent location and its favorable tax system, high net worth individuals find Belgium to be the perfect operating base. High net worth individuals will find Belgium so attractive, because of the absence of net wealth tax and capital gains tax, as well as the low flat rates on personal investment income. Furthermore, the low gift tax on movable assets offers great opportunities for estate planning. Why is the Belgian tax system so attractive? The Belgian tax system is highly attractive for high net worth individuals: Income tax liability is linked to residency; Personal...

tax residence

French tax residency and the stubborn myth of the 183-day rule

The dangers of assessing French tax residency by solely considering whether an individual is spending more than 183 days in France. Contrary to a popular belief, the French tax authorities and French tax courts do not uniquely assess French tax residence by considering the number of days spent in France; they also take into account the economic and social ties with France, potentially leading to significant tax exposure. Assessing French tax residency Pursuant to article 4B of the French tax code, an individual is considered to be a French tax resident if he/she has in France his/her (i)...

French Tax Residency