Key Features of Competing Jurisdictions for Locating Family Office
CA Nirav Panchmia
1. OVERVIEW
1.1 The demand for family offices has accelerated in recent years. With
increased sophistication and a need for effective succession planning with
asset protection, Ultra High Net Worth (UHNW) families are now taking a
pro-active approach to planning. The choice of jurisdiction plays an
integral role in this process as they seek stability, resilience and
flexibility to grow and evolve with the changing aspirations of future
generations. For identifying a suitable jurisdiction, a rigorous, deep-
dive assessment and thorough analysis is essential before arriving at
viable options for establishing family offices.
1.2 Within Asia, the key wealth centres such as Hong Kong and Singapore
have seen the introduction or expansion of a range of government tax and
regulatory incentives for family offices to complement other advantages of
sound .......