Contemplating the use of offshore structures for Middle Eastern clients

Date 02/07/2018
2 minutes to read
Gary Hales, Head of Equiom Fiduciary in the Middle East

At the recent ‘Cross Border Planning for the Private Client’ event in Dubai, Gary Hales, Head of Equiom Fiduciary in the Middle East was one of the panellists in a discussion entitled, ‘How can Offshore Structures be used effectively for Middle Eastern Clients?’ He recalls the event and the main themes of the discussion.

Overall, the event was well attended. We received very positive feedback on our panel and the audience found the contribution from our panellists to be very informative and insightful.

Surrounded by private client specialists from across the globe, I joined my colleague, Richard Tribe, Head of Equiom Private Office along with Jerry Parks (Gowling WLG) and Munir Suboh (BSA Ahmad Bin Nezeem and Associates) in a stimulating discussion. The panellists considered  a number of trends in the region such as changing regulations and the impact on the need for transparency versus the client’s right to privacy, as well as how and why offshore structures are being used by Middle Eastern clients.

High on the agenda was the continually changing legislative landscape and the need for structures that suit the succession plans of ultra high net worth individuals (UHNWIs). As a provider of a wide range of services relevant to this market, such as setting up trusts, corporate structures, UK tax advice and even yachting and crewing services, we are able to support the growth aspirations of individuals and their families.

The recently launched Equiom Private Office is a great example of this where private clients can take advantage of a bespoke offering from Equiom that is built around their needs. With a foothold in the UAE following the acquisition of Links Group in 2016, Equiom is well placed to support the global interests of the client. This, coupled with a thorough understanding of the current generation and a highly experienced professional team on hand to cater to each individual situation, is what sets Equiom Private Office apart from the traditional family service of yesteryear.

To find out how Equiom can assist you with your interests in the Middle East, contact Gary Hales.

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