Choosing a location for a family office can be a complex decision, often based on both the family’s personal preferences and external factors such as regulation.
Research by Ocorian has found family offices are increasingly expanding their reach to open offices in different jurisdictions: Almost 80% of family offices have done so in the past five years. The top reasons for these moves:
The top reasons, Ocorian found:
- Family members living in different countries: 79%
- More diversified or sophisticated investment portfolios: 57%
- Geopolitical risks: 41%
- Tax and regulatory issues: 40%
Recent news reports have highlighted the variety of reasons some family offices have for preferring one jurisdiction over another:
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- Future Family Office: Swiss Family Offices Eye Dubai Amid Growing Tax and Regulatory Pressure at Home
- BusinessMatters: Dinmukhamet Idrisov’s Singapore Strategy: A Family Office and Kazakhstan’s Changing Asset Rules
- Yahoo! Finance: Wealthy Americans are pouring money into Swiss bank accounts and buying gold to weather the recession
