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Specialism: Lawyers Estate Planning
Company: Tempest Legal
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Average client size: Over £25 million
Fixed fee offering: No
Number of offices globally: 1-5
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Relocating client from UK to Monaco
A British client wishes to relocate to Monaco and become a resident of the Principality. At the same time he wishes to set up a Monaco based Single Family Office. Assisted with the following questions:
- How does he become a resident, and retain that status?
- What distinctions to be made between residency and tax residency (when no definition of tax residency exists in Monaco)
- Why might he wish to become "domiciled" in Monaco?
- How can he achieve "domicile" status?
- What options does he have in terms of the form of Single Family Office he sets up?