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Legal analysis by Harneys lawyers

Private wealth structuring in the BVI

6 December 2016

The rise in the number of global HNWIs has seen an increase in demand for lifestyle assets such as yachts, art work, prime real estate and private jets. 
 
The BVI’s sophisticated company and trust legislation provides an ideal framework for HNWIs who are seeking to protect their assets and ensure that they pass efficiently to the next generation in accordance with their wishes.
 
Structures range from simple probate avoidance trusts to more bespoke multi-generational family governance structures which combine trading businesses with commercial and private investments in various asset classes. These structures will usually contain holding companies, trusts and private trust companies (PTCs).
 
Harneys Fiduciary has a long standing history of advising High Net Worth Individuals (HNWIs) on how to hold their wealth. The type of structure will, to a large extent, depend on the nature of the assets and the client’s objectives but typical considerations are asset protection, succession, confidentiality and tax efficiency.