Aim high to optimise your assets - May 2011
From Riviera Times
Local FIA can help you exploit Luxembourg’s policy benefitsLuxembourg is one of the most active financial centres in Europe. With nearly 150 banks, 40,000 people working in the finance sector, net assets of 2.2 trillion euros under management, the country is now a leader in asset management. The state’s central location in Europe between France, Belgium and Germany, its legal and fiscal specificities, its membership of the European Union and being in the Eurozone make it very attractive for onshore private structures.
Banks in Luxembourg are mainly specialised in asset management for international private clients. These clients can get mortgage loans on a property anywhere in Europe.
Luxembourg is also known for its 97 insurance companies, managing assets of more than 13 trillion euros. Many insurance companies there offer dedicated policies, compatible with the specific legal requirements of each country in the EU. The minimum amount of the instalment premium is high (usually 250,000 euros) plus fees, but such a policy allows the client to invest directly on listed or unlisted stocks, bonds, treasury bills and any other financial instrument, which is not possible in regular policies. In some specific cases, such insurance policies can be used as a way to structure one’s assets, to optimise taxes or to transmit a company in a very attractive tax environment.
RFP, as a major independent financial advisor for international clients on the French Riviera, knows exactly how to exploit these opportunities and has all the necessary connections to benefit its clients wanting to finance a purchase, to get some funds from existing assets, or to manage a portfolio. We can also help them in structuring their French assets to prepare a change of tax residence to France, Monaco or other countries.
Riviera Financial Planning
Independent Financial Advisor
and Mortgage Broker
Tel: +33 (0)4 93 00 11 26