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relocation

Tax, non-dom uncertainty prompts UK wealth exodus

March 2, 2018

Uncertainty over the legal status of non-domiciles, residency and Brexit is behind a flight in wealthy individuals and families from the United Kingdom to friendlier destinations around the world.

Uncertainty over the legal status of non-domiciles, residency and Brexit is behind a flight in wealthy individuals and families from the United Kingdom to friendlier destinations around the world.

Relocation experts discussed the trend at a high net wealth mobility event near London last month, sponsored by Locate Guernsey and attended by about 130 private wealth advisors.

How families can preserve their wealth in a changing world

February 5, 2018

In an uncertain world the key to survival rests with those who are flexible and quick enough to adapt. The key to success sits neatly in the pockets of those who can pre-empt change and seize the opportunities it brings, says Andra Ilie, private client adviser at Knox Private Office.

For UK based ultra-wealthy family office principals, there are a number of matters to contend with and consider as we move through a time of change.

Altered regulatory landscape makes family office location vital

March 17, 2017

Given increasing levels of instability and scrutiny in the world, the location of family offices has taken on new significance in recent years, with families understandably concerned about finding the most secure environment for the governance of their assets, says Dominic Wheatley, chief executive of Guernsey Finance.

Egyptian hotel magnate checks into Switzerland

March 25, 2008

A member of Egypt’s wealthiest family is to move his hotel empire from Cairo to Altdorf, Switzerland in a move designed to increase the firm’s growth.

A member of Egypt’s wealthiest family is to move his hotel empire from Cairo to Altdorf, Switzerland in a move designed to increase the firm’s growth. Chairman Samih Sawiris said he plans to relocate Orascom Hotels and Development and list its shares on the Swiss stock exchange.

A new holding company, Orascom Development Holding, will launch a public share exchange offer of one new share for each 10 existing shares as of 30 March. The group said it has already received irrevocable undertakings of acceptance of the swap of around 76%, including from the Sawiris family.