Tax regime applicable to income derived from net worth in France
The French tax regime applicable to non-residents has recently seen major developments in case-law and legislative changes. These developments show a movement towards easing the tax burden, whether (for example) in the taxing of capital gains on immovable property or applying social security contributions to net worth-derived income.
Setting up a bank in Monaco
Over recent years, the Monegasque banking centre has seen major developments. The steady inflow of high net worth residents, with more sophisticated needs, has been accompanied by regulatory developments to supervise and control the banking industry.
Private Asset Management: the benefits of setting up an investment committee
Xavier de Sarrau, Managing Partner at Gordon S. Blair and Counsel of international private and family groups, outlines the best practices in asset management.