New Legal Environment

FATCA and CRS.

In the last decade there have been substantial changes in the way countries collect and share information with other nations regarding assets and bank accounts held by non-residents. FATCA and CRS impose strict rules to ensure transparency.

Families must become compliant with the tax regulations both in the country of tax residence and in the country where their assets are located.

Many have concluded that the United States is the ideal jurisdiction to hold international assets while maintaining appropriate measures of confidentiality and at the same time be compliant with all local regulations because the United States:
✔ Has relatively low tax rates compared to other countries;
✔ It applies FATCA requirements;
✔ Has a strong financial system; and
✔ That its legal system is independent.