THE ADDRESS Magazine No.20 | Page 38

Global Residence and Citizenship By Henley & Partners For wealthy and international individuals and families, business owners and investors, today‘s globalized world offers tremendous opportunity to optimize personal and business planning. This includes increased international freedom of travel, tax and estate planning, and diversification on both a business and personal level by having multiple residences or citizenships. Residence or citizenship in an alternative country of course means different things to different people. For entrepreneurs, further business opportunities; and for international investors, new opportunities to diversify not only their assets but also their lifestyle options and family ties geographically. Combining these strategies with tax optimization and other benefits, these wealthy individuals and families with a global outlook are becoming a privileged new class of global citizens. D epending on your current situation, an alternative residence may also mean greater personal flexibility, a better quality of life for your family, good education for your children, and a safe haven in times of political instability. 44 In view of the increasingly aggressive fiscal and regulatory environment in some otherwise reasonably stable, high-tax countries such as Canada, France, Germany, the Netherlands, the UK, the US and others, a move of residence to a www.theaddressmagazine.com