Maitland in Monaco
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Maitland in Monaco Maitland opened a small office in Monaco in 2008 in response to the needs of internationally mobile clients who have properties in the Principality or who reside there. Acknowledging the growing importance of Monaco as a jurisdiction, Maitland Chairman, Michael Solomon, relocated from London to head up the office. Maitland Monaco SAM is licensed with the Monaco Regulator, SICCFIN (Service d’Information et de Contrôle sur les Circuits Financiers). The office is expanding to meet the demand for our one-firm bespoke services. Through one local point of contact at Maitland in Monaco, clients have access to a multi-service team with worldwide reach and our unique institutional high standards. We provide multi-jurisdictional legal, tax, fiduciary, investment and administration services to private, corporate and institutional clients. Monaco as a jurisdiction Our services As an independent sovereign state located between the foot of the Maitland’s services in Monaco are high-touch and exceedingly Southern Alps and the Mediterranean, Monaco has traditionally personalised. We provide a door to the services of the wider been popular with the rich and famous. The jurisdiction retains this Maitland group and are thus able to offer an end–to-end solution allure, at the same time offering a tax-efficent regime for residents to meet the full range of our clients’ business and family office and a convenient jurisdiction from which to conduct international requirements. business. We specialise in the set-up and ongoing administration of The Cote d’Azur, Provence and Italy are all easily accessible and customised, multi-jurisdictional structures, so regardless of where Nice airport is 30 minutes by car and seven minutes by helicopter. they are located, we can manage these structures for you from The warm Mediterranean climate attracts yachting and boating Monaco. enthusiasts, golfers and beach lovers. Beautiful mountains with Some of the family office structures on which we advise, as well as ski resorts both in France and Italy are less than a two-hour drive set up and manage include: away. Monaco is known for its cultural activities, major sporting events and gastronomy. • family succession structures such as trusts and private trust companies (PTCs) In addition to lifestyle advantages, residents of Monaco pay no income, capital gains or wealth tax and direct heirs are exempt • family governance structures from inheritance tax. • international holding and tax efficient structures for private assets such as family owned businesses, private equity More about Maitland investments, aircraft, helicopters, yachts, commercial and private real estate and artworks The firm was founded in Luxembourg in 1976 and now employs over 1200 people in 15 offices across 12 countries. The firm is • asset protection structures independent and privately owned by management and staff. Our • philanthropic structures approach is relationship-driven which is why many of our clients have been with us for decades. We have an internal culture of co-operation and teamwork across practice groups and jurisdictions to ensure an integrated service to our clients. This publication contains general information only. Maitland as a group or any of its member firms or affiliated entities shall not be held liable for any loss whatsoever sustained by any person who relies on this publication. Via this publication Maitland may not be seen as rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. 160114 Relocating to Monaco? Own property in Monaco or France? Maitland can assist you with every aspect of your relocation from If you own property in your own name or that of an entity, pre-relocation tax planning to the immigration process. Maitland can help you to manage it. We can provide trustee and We can assist you with the purchasing of a property, choice of directorship services and represent you on resident associations or schooling for your children, open doors to the right clubs and body corporates. provide concierge-type services if required. Key contacts Irina Peterson Maria Patterson T: +377 97 97 31 80 T: +377 97 97 3184 [email protected] [email protected] Pieter Theron South Africa T: +377 97 97 31 82 [email protected] Connect www.twitter.com/maitlandgroup For further information on Maitland please visit our website at www.maitlandgroup.com www.youtube.com/MaitlandGroup www.linkedin.com/company/maitland 160114.