Individuals

Individuals may choose to leave the UK to reside overseas for a multitude of reasons, whether it is to avoid high rates of tax in the UK in general, for tax avoidance reasons or for lifesytle reasons. Many individuals will choose Cayman as a destination and this has become increasingly more commonplace for fund managers exiting London because of increased tax rates on income in the UK. In addition Cayman, being a global financial centre, attracts many individuals to work there on short to medium term contracts.  Having lived in Cayman for a period, of course, some individuals will leave Cayman for other jurisdictions because work permits expire or they wish to retire to the UK. At HOTCHKISS we provide tax services to those individuals to assist them in managing their tax exposure and help them make the right decisions on a timely basis.

Trusts and companies

Of course over the years many trusts and companies have been established by UK resident individuals, either for asset protection, estate planning or tax mitigation.  As you are aware the law changes regularly and whilst some of these structures are still 'fit for purpose' many are either not or require modification or tweaking to make them efficient.  Further the tax status of beneficiaries may change and managing the tax exposure for beneficiaries is a continuous task.  At HOTCHKISS we can review trust structures and advise trustees and beneficiaries alike to achieve long term wealth preservation and tax certainty.

Funds

Cayman is the global jurisdiction of choice for offshore funds.  Corporate governance, residence and tax mitigation is of paramount importance to maximise investor return.  AT HOTCHKISS we are familiar with many of the tax issues which face fund administrators and fund managers.

The services available in Cayman can be found by looking at the tabs above which are adjacent to the main Cayman tab.