The Families
Private asset structuring
The Families
Private asset structuring
“The Families” concept is a collaboration with the head of a wealthy family. With the one who has been growing capital for years and who truly understands its value. A value that is much deeper than just numbers on accounts.
This work is not only about the efficiency of asset ownership and flexibility in use but also about creating a mechanism that will prevent a family from losing their assets due to the disposition, wastefulness, or misfortune of one of the heirs.
This work is not only about the efficiency of asset ownership and flexibility in use but also about creating a mechanism that will prevent a family from losing their assets due to the disposition, wastefulness, or misfortune of one of the heirs.
“The Families” concept is a collaboration with the head of a wealthy family. With the one who has been growing capital for years and who truly understands its value. A value that is much deeper than just numbers on accounts.
This work is not only about the efficiency of asset ownership and flexibility in use but also about creating a mechanism that will prevent a family from losing their assets due to the disposition, wastefulness, or misfortune of one of the heirs.
This work is not only about the efficiency of asset ownership and flexibility in use but also about creating a mechanism that will prevent a family from losing their assets due to the disposition, wastefulness, or misfortune of one of the heirs.
What do we offer?
- Development and optimization of your private asset structure in a cross-border context
- Dynamic and proactive adjustment of the asset structure to fit changes in your financial circumstances and life situation
- Assistance in managing your trust or family foundation as a protector
What specific benefits do you get?
- You have the assurance that your assets will endure over generations
- You optimize your tax expenses
Cases
Case 1. Setting up a family foundation in Liechtenstein
TASKS
SOLUTION
Liechtenstein was chosen from circa 20 countries where structures such as trusts or foundations can be set up.
During two months of negotiations with the trustee, all setup documents have been drafted and signed, tax nuances and other relevant issues resolved.
RESULT
A foundation was set up, a bank account was opened. The client's assets were transferred to the new structure. A roadmap for the automatic exchange of tax information was prepared.
- Setting up a tax-efficient and discretion structure for holding and growing family assets in a politically and economically stable jurisdiction.
- Hiring a professional trustee to the Board of directors of the structure.
SOLUTION
Liechtenstein was chosen from circa 20 countries where structures such as trusts or foundations can be set up.
During two months of negotiations with the trustee, all setup documents have been drafted and signed, tax nuances and other relevant issues resolved.
RESULT
A foundation was set up, a bank account was opened. The client's assets were transferred to the new structure. A roadmap for the automatic exchange of tax information was prepared.
Case 2. Opening an account for the individual in a Swiss private bank
TASK
Setting up the client source of wealth profile and preliminary negotiation with several Swiss banks to assess an opportunity to pass the KYC procedure.
SOLUTION
Taking into account the client's source of wealth, we opted for a Swiss bank with less stringent compliance requirements.
RESULT
The private account was opened. The wealth management team manages funds to pursue the client investment strategy.
Setting up the client source of wealth profile and preliminary negotiation with several Swiss banks to assess an opportunity to pass the KYC procedure.
SOLUTION
Taking into account the client's source of wealth, we opted for a Swiss bank with less stringent compliance requirements.
RESULT
The private account was opened. The wealth management team manages funds to pursue the client investment strategy.
Case 3. Tax planning for the family members during their long-term staying in the UK
TASK
Analysis of the tax consequences for the adult family members during their 3 years living in the UK until their kids being graduated the primary school.
SOLUTION
The tax residency status research for the adult family members was conducted. The following key points were taken into account: business plans, intentions regarding the duration of stay in different states, social and economic ties with each state.
The legal opinion regarding the tax regime for the adult family members "The remittance basis" has been provided by the British law firm.
An analysis of the domestic tax legislation of both states as well as analysis of the Convention between the Government of Ukraine and the Government of the United Kingdom on the possibility of getting tax relief has been carried out.
RESULT
The legal opinion with a tax residency roadmap for the adult family members was issued. The key recommendation was to follow "The UK remittance basis" scheme during 3 years staying in the UK.
Analysis of the tax consequences for the adult family members during their 3 years living in the UK until their kids being graduated the primary school.
SOLUTION
The tax residency status research for the adult family members was conducted. The following key points were taken into account: business plans, intentions regarding the duration of stay in different states, social and economic ties with each state.
The legal opinion regarding the tax regime for the adult family members "The remittance basis" has been provided by the British law firm.
An analysis of the domestic tax legislation of both states as well as analysis of the Convention between the Government of Ukraine and the Government of the United Kingdom on the possibility of getting tax relief has been carried out.
RESULT
The legal opinion with a tax residency roadmap for the adult family members was issued. The key recommendation was to follow "The UK remittance basis" scheme during 3 years staying in the UK.
Contact us
Kyiv, Ukraine
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