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Event Presentation - Residence and citizenship planning for Asian families: an overview

Dominic Volek

Henley & Partners

Speaking at the Hubbis Indonesian Wealth Management Forum 2016 in October - Dominic Volek of Henley & Partners explains why HNW and UHNW families relocate, and looks at what they need to consider when carrying out residence and citizenship planning.

Dominic Volek
Managing Partner, Singapore, and Head South East Asia
Henley & Partners

  • In an uncertain world, wealthy individuals are seeking an insurance policy for themselves, their families and their money
  • Rich people like to have options, whether these relate to where they and their families live, or where they do business to benefit from global opportunities.
  • Other countries often offer a better living environment in terms of climate, personal security, healthcare and transport systems, among other factors
  • Many wealthy individuals are also increasingly attracted to the concept of relocating for the sake of their children, perhaps to get access to higher-quality education in places like the UK or US, for example
  • An increasingly popular driver for looking at other ‘safer’ countries is the search for personal security. – which can also mean more privacy
  • Relocating might also be an effective (legal) way for someone to reduce tax burdens
  • HNW and UHNW individuals are also looking for citizenship in some countries, to get their passport

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