Financial institutions are changing from being 0transaction specialists0 to becoming 0relationship managers0 0 experts and counsellors in an expanded set of complex areas such as tax and retirement, general planning, and estate planning. High net-worth clients and the mass-affluent market are migrating to firms that can articulate and deliver world-class advice and guidance. The fact is that there is more money flowing today than there ever has been at any time before. High net worth individuals are awash with wisdom in investment opportunities, and thus, they are becoming richer by the day.
Where is the high net worth individual investing? One of the popular investment targets is “offshore”. What does this mean? It simply means investing in a country which is other than the one in which you reside. What are the motivations behind investing offshore? Countries with low taxes (or, better still, no taxes) are the most frequently targeted zones for foreigners, for both personal or corporate investments. The investments made are in stocks, bonds and securities, and real estate ownership. Legal and taxation laws are often unique for foreign investors, whether investing as an individual or as a business.
Following the stock market crash that occurred in […]

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