International living
In today’s global economy the relocation of families, businesses and personal wealth is becoming an ever more popular option. However, international interests are often complex and may involve business or personal elements that span a variety of countries, if not continents.

“Many countries around the world now offer residence through investment programmes designed to attract capital and entrepreneurial skills,” comments Bill Ahern, Head of HSBC Wealth and Tax Advisory Services, Asia. “Depending on the country, this may involve proving the applicant’s net worth, establishing investment or business expertise and making designated investments.

“For example, settling in Canada under the Canadian Federal Government Investor Immigrant Programme requires business management experience, proving a minimum net worth of C$800,000 and a minimum investment of C$400,000. While requirements vary from country to country, we can help clients navigate such complexities and advise them throughout the entire process.”

Top locations for private residence
At HSBC Private Bank, we understand and specialise in the world’s top residential locations in view of personal taxation, the business environment and overall quality of life.

“Switzerland remains a popular choice with wealthy families,” comments Hélène Koller, Director, Private Wealth Solutions, Switzerland. “However, it is the truly international nature of HSBC that enables us to help clients worldwide in relocating to not only Switzerland, but also to the United Kingdom, Canada, Monaco, Hong Kong, Singapore and Australia. In addition to political stability and a secure, peaceful environment, such locations offer excellent quality of life, renowned schools and a highly developed infrastructure.”

Integrated solutions
Through Private Wealth Solutions, our specialists can advise on all aspects of relocation. This includes assistance in choosing the ideal location for your client’s move abroad, buying property, private and offshore banking, in addition to all finance and budget considerations.

“If necessary, support for the client’s local financial needs in personal banking, property financing and insurance may be arranged through the international HSBC network,” explains Bill. “Our services also extend to developing a relocation strategic plan, co-ordinating a client’s immigration application and facilitating pre- and post-immigration tax and legal advice.”

In short, by making no assumptions about the world of finance, we are able to help clients realise international opportunities and minimise risk.

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