High net worth consultancy aims to help the wealthy relocate to Switzerland
Henley & Partners, a consultancy for wealthy individuals, is reorganising its businesses specifically to cater for wealthy individuals looking to relocate to Switzerland. The move comes three months after the UK changed its tax rules for non-domiciled residents.
Henley & Partners will arrange its various businesses in Switzerland under the umbrella of the Private Client Group Switzerland.
The company said the aim of the new group is to offer a complete range of services for wealthy private individuals who wish to relocate to Switzerland.
The group will be made up of five subsidiaries: Henley & Partners, which provides consulting services for citizenship, tax and real-estate planning; H&P Trust Group, which advises private clients about trusts and foundations, corporate services and structured solutions; Henley Estates, which focuses on high-end real estate; SIP, which specialises in insurance; and Polygate, a staff-hire company.
The news comes three months after changes to UK taxation which meant wealthy foreigners living in the country for seven years out of 10 would ahve to pay a £30,000 charge per annuma year in addition to tax on UK income.
There were widespread concerns the change would lead to a mass exodus of non-doms relocating to friendlier tax centres like Switzerland. However, high-end estate agents and consultants have said recently that there has so far been relatively little traffic from the UK to offshore tax centres.
del.icio.us
Digg
Newsvine
reddit
StumbleUpon
