HXL Residence Programs
In some circumstances, a change in domicile is required for individuals and families who live in countries with political instability and economic uncertainty. Having the ability to live in another country may result in increased security, privacy and higher quality of life. Residence programs is now increasingly becoming important in international planning for high-net worth individuals and families.
However, there are a number of factors that you must take into consideration when moving to another country and making it your permanent home. Becoming legally domiciled to live permanently in a particular jurisdiction will raise a number of issues including;
? taxation; specifically, income tax and inheritance tax (if applicable);
? your home country placing restrictions on capital movement upon becoming a residence of another country;
? availability of health services and the requirement of health insurance;
? inheritance and estate planning for families; and
? the impact on yourself and family.
You should not relocate to another country purely for taxation reasons. It is important to ascertain whether you and/or your family will be happy living in a new environment and can adapt to a new way of living.
HXL Recommended Residence Programs
High standard of living, strategically located on the door-step to Asia. Ranked in the top 10 of countries for economic freedom. Transparent policies to conduct business.
Home to the European Union in Brussels, business friendly country and ideally located for international trade. Schengen Area state granting freedom of movement to other European countries.
High standard of living, ranked in top 10 for economic freedom, business-friendly country with first-rate infrastructure. Renowned for its clean environment and diverse population.
European Union member state and part of the Schengen Area. Strategically located in Eastern Europe. Low-cost of living. Program opened to all people. Limited tests to qualify and possible to finance entire investment requirement.
Located in the beautiful Mediterranean, member of the European Union and the Schengen Area. Very stable government with high standards of living with low crime rates.
The ideal country to obtain the ideal balance between business and family. Top 10 of countries ranked for economic freedom. Business and investment friendly, diverse population and clean environment.
Member of the European Union and the Schengen Area. Located in in the warm Mediterranean climates of Western Europe. Low cost of living along with best quality of life.
Strategically located in South-East Asia boasting a high standard of living with excellent infrastructure and amenities. Very business and investment friendly with low taxes.