Tag: Russia Offshore
-
Navigating the Challenges: Wealth Planning Solutions for Russia’s Super-Rich
In the wake of geopolitical tensions and regulatory crackdowns, Russia’s super-rich find themselves facing unprecedented challenges in wealth planning and asset protection. With traditional havens such as Cyprus and Switzerland imposing bans on providing management services to family trusts with Russian nationals, the landscape for passing on fortunes has become increasingly complex. In this blog…
-
From Soviet Assets to Global Elites
Journey of Russian Wealth to London and Israel Have you ever wondered about the seismic shifts that followed the fall of the Soviet Union, especially the rise of Russian millionaires? It’s a story that intertwines historical drama with contemporary global movements – and leads straight to the heart of cities like London and Tel Aviv…
-
Russian Expats and Their Favorite Tax Havens
A Glimpse into Wealth Migration The term “tax haven” often elicits images of tropical islands or secretive nations where the rich stash their wealth. For Russian expatriates, especially those with considerable resources, tax havens have become an increasingly attractive option to safeguard their assets and minimize tax liability. This phenomenon is not isolated to Russia;…
-
Russian Elites, Proxies, and Oligarchs Task Force Joint Statement
The Russian Elites, Proxies, and Oligarchs (REPO) Task Force has leveraged extensive multilateral coordination to block or freeze more than $30 billion worth of sanctioned Russians’ assets, freeze or seize sanctioned persons’ high-value goods, and heavily restrict sanctioned Russians’ access to the international financial system. REPO members have achieved these successes through close and extensive…
-
Jersey Finance Targeting Affluent Russians
New quality business is ripe for the picking in Russia as growing numbers accumulate wealth, according to Jersey Finance, the government’s financial services industry promotional body. Christine Whitfield, Head of Special Projects, Jersey Finance Limited, has returned from a major conference in Moscow in which wealth preservation outside of Russia together with succession planning were…