Singapore is one of the world’s leading offshore wealth management hubs, with the fastest-growing population of high-net-worth individuals who are further strengthening the city-states wealth. The Singaporean government has done much to boost brand ‘Singapore’, cementing its world-renowned reputation and offering tax-incentive schemes to families and businesses from across the globe. The city-state also offers
One of the most important parts of retirement planning is to answer the question: “How much money do I need to retire?”. The answer to this question varies from person to person, as it largely depends on your current income and the lifestyle you want and expect to lead in retirement. Despite the introduction of
The coronavirus pandemic has changed the work landscape, and the perception of remote work. Having a choice of work environment and location has now become a key factor for those in search of a better work-life balance. Companies across the globe are also more likely now, than ever before, to access freelancers both for cost
Offshore company formation can be a complicated, lengthy and tedious process when going at it alone. While it is possible to set up an offshore company yourself, there are legitimate reasons why a regulated consultant should handle offshore company formation. 1. Offshore company formation is often associated with dodgy dealings If you’ve read news articles
Offshore banking is neither illegal nor immoral. Yet, it has become a toxic term, vilified in the press due to association with tax evasion, money laundering and organised crime. Moreover, in 2016, top economists from around the globe put their names to a letter that called for an end to “tax havens”. But this begs
Expats: those who live and work all over the world in different countries from the one they call home. Not only is there the challenge of becoming accustomed to different cultures and food, but it also comes with the challenge of managing money in a different country, with a different currency alongside its own rules
Located in the Caribbean, the British Virgin Islands (BVI) is famous for its white sandy beaches, lush mountain terrain and famous shipwrecks. A hotspot for tourism, the BVI is also a popular jurisdiction for many to base their offshore banking, thanks to its stable government, well-regulated legal system and flexible legislation for opening an account.
The global luxury goods industry, which includes high-value items such as superyachts and fine art, has been growing steadily for decades. Yet, one of the main risks associated with ‘passion investing’, or investing in items of desire, is that the high levels of adoration can often override rational decision-making. While emotions are an essential part
With so many countries promising special incentives to foreign investors, it is reasonable to ask yourself, “which offshore jurisdiction is right for me?”. While there is no one-size-fits-all answer to this question, certain countries hold a better reputation and are therefore more popular than others. For example, countries like the British Virgin Islands, Cayman Islands
Starting a business venture offshore brings incredible opportunities, as well as inevitable challenges. Among the challenges, choosing where to incorporate your company may be one of the most important strategic decisions you will have to make. So, which is the best jurisdiction for your business? Unfortunately, there is no one-size-fits-all answer to this question as
