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Should you wish to get in touch,
please email us info@orcap.co.uk
or call +44 (0) 207 725 6900 
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By Yulia Andresyuk, head of Legal Services
The UK Home Office is tightening its rules for those wanting to apply for Tier 1, or “Entrepreneur” Visas. The Government maintains that it is necessary to do this because the current system is being abused, as well as being targeted by criminal gangs. Genuine High Net Worth applicants (HNWIs), though, should have nothing to worry about; indeed, they may even stand to gain from the changes.
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By Inessa Falina, Head of Property Services
Property in the UK continues to be a sound investment; though you should weigh up carefully where in the country you wish to buy. This is the message which comes out of statistics just released from three diverse sources: the Office for National Statistics (ONS); the Organisation for Economic Co-operation & Development (OECD); and the Nationwide Building Society.
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By Nataliya Makhonina-Byrdan, Head of Business Development in the UK
A positive approach to high net worth individuals by HMRC is yielding rewards for the UK economy, says Nataliya Makhonina-Byrdan from multi-family office Oracle Capital Group.
Tax officials do not have a reputation for being happy, smiling people. But a statistic just released by the UK’s HM Revenue and Customs (HMRC) has raised a smile on the faces of the taxman and the Treasury: in the last five years high net worth individuals (HNWIs) have contributed an extra £1bn to the UK economy.
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By Svetlana Ryabokon, head of Wealth Structuring and Fiduciary Services
“An individually chosen Trust provides for the effective protection of assets”
Most wealthy people have a broad experience of life and have independently built up successful businesses. The primary concern of all those who have gradually created their wealth is how to preserve and protect their assets from assaults by third parties. These attacks can come either from ex-business partners with whom they have had disputes; or from relatives, such as from a spouse during a marriage break-up.
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By Rosie Chalmers, ACCA, Head of Finance
The UK Government body responsible for tax collection, HMRC (Her Majesty’s Revenue and Customs) has announced new measures aimed at forcing those who keep their wealth in offshore accounts to declare their taxable offshore income and gains. The single biggest change being proposed is to make it a criminal offence not to declare such taxable income. At present it is a less serious civil offence.
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By Nataliya Makhonina-Byrdan, Head of Business Development in the UK
The increase in the number of High Net Worth Individuals and Ultra-High Net Worth Individuals (HNWIs and UHNWIs) in the Asia-Pacific Region looks set to be followed by an expansion in the number of multi-family offices (MFOs) and single-family offices (SFOs) in the region. This is the conclusion of Credit Suisse, which recently held its first family office forum in Hong Kong and has launched a best practice guide to help HNWIs and UHNWIs to manage their assets.
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By Rosie Chalmers, ACCA, Head of Finance
The UK Government has introduced into parliament the Small Business, Enterprise and Employment Bill. This is the latest move by the Government to make it easier for small and medium enterprises, SMEs, to carry out their business without overdue bureaucratic interference, sometimes called “red tape”.
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By Alexander Varyushkin, Partner,
Head of Asset Management
In 2015, it will be exactly seven years since the U.S. Federal Reserve (followed duly by other leading central banks) went on an unprecedented free money policy spree in an attempt to lend momentum to the faltering global economy. Most market participants expect the Fed in 2015 to start normalising rates (in the sense that today they are abnormally low).
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About Oracle Capital Group
Founded in 2002 and headquartered in Luxembourg, Oracle Capital Group provides comprehensive, tailored and confidential services for high-net-worth individuals and their families, including investment advisory (through the offices in Switzerland and the Bahamas), wealth structuring and asset protection, asset financing and insurance, legal case management, property development, and concierge services. Oracle Capital Group has 7 offices (London, Luxembourg, Geneva, Nassau, Moscow, Almaty and Limassol) and employs over 100 staff worldwide.
www.orcap.co.uk
Should you wish to get in touch, please email us info@orcap.co.uk or call +44 (0) 207 725 6900
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