After ending the real-estate investment option from Golden visa in Portugal in 2023, the Cultural Heritage Golden Visa has proved to be a worthy replacement.
Why to establish your own family office?
The prime role of the family office is to protect your assets and then to grow them.
Types of family offices
It has been acknowledged that there are two basic types of family offices:
1. a single-family office
2. a multi-family office
Why family offices emerged?
One of the reasons why family offices emerged was dissatisfaction among affluent clients with the consulting services of banks and financial service providers and their inherent conflict of interest.
What services Family Office provides?
RANGE OF SERVICES OF THE FAMILY OFFICE TYPICALLY INCLUDES
What is family office?
Family offices are normally private firms that support wealthy families with the management, organization, and maintenance of their wealth, business, investments, and other affairs.
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Albania has temporarily suspended its Golden Passport scheme
Albania’s Prime Minister, Edi Rama, has announced that the country’s planned Citizenship by Investment Program (CIP), also known as the “golden passport” scheme, will be temporarily suspended.
What are the costs of having your own family office?
According to industry experts, the family offices make financial sense mainly for wealthy families with at least €50 million in assets, though nowadays, when we see a trend of opening family offices market to less wealthy families.
When to establish your family office?
The ideal time to start a family office would be before a liquidity event such as the sale or purchase of a business for which it is good to have structures set up properly to optimise taxation and management of the capital from the start.