We are living in uncertain times and family offices currently
face material challenges. The COVID-19 pandemic has raised
immediate issues for many wealthy families notably around tax
residency and immigration but on the flip side it has given wealthy
families the opportunity to take stock and consider how they want
to be structured and fundamentally where they want their family
office to be located.
The prolonged period of inactivity has also given families the
opportunity to consider difficult issues around family governance.
Outside of COVID-19 concerns around political instability in many
parts of the world are getting worse and continue to drive
structuring in private wealth, with clients wanting a safe harbour
for their assets in a reputable jurisdiction with certainty around
asset protection.
