Holborn Assets to host South African expats offshore tax planning event

A special event designed to help South African expats living in the United Arab Emirates, with their offshore trust and tax planning and citizenship issues is set to take place in Dubai next week.

Global financial advisory group Holborn Assets, in partnership with The Sovereign Trust Group and Arton Capital, will present a seminar on ‘Offshore Trust and Tax Planning’ and ‘Second Passports’ next Tuesday (August 2).

The seminar will be led by international financial planner Michele Carby who heads Holborn Assets’ South African Team in Dubai, a statement from the firm said earlier today.

Carby who is of South African origin and has 20 years financial series experience, has an understanding of the issues and concerns of South Africans both at home and as expats and is well-placed to advise the large South African expat population in the UAE.

Carby is also currently business director for the South African Business Council (SABCO) of the United Arab Emirates.

Seminar participants can access sessions covering the following areas: Mitigating estate duty and donations tax; Investing in stable currencies offshore; Taking advantage of your annual allowance; Actively managing investments; Tax efficient and structured benefit payments; Tax free returns on capital invested.

Citizenship and second passports

The seminar will also address the topic of ‘Citizenship/Second Passports by Investments: Options for South Africans’.

“Offshore trust and tax planning is fundamental to designing a robust tax efficient position in stable currencies and markets,” said Carby in the statement. “Asset protection is also a key consideration. It’s important to mitigate estate duty where possible as the allowance is currently only R3.5m thereafter chargeable at 20% on your worldwide assets.

“The days of donating interest free to trusts are coming to an end,” she said.

The seminar will take place on Tuesday 2nd August 2016, at The Boathouse, 33 Compensation Beach Rd, Ballito. There will be a morning session at 8am and one at 6pm.

Gary Robinson
Head of Video and Ezines at Open Door Media Publishing. Deputy Editor, International Investment. An experienced journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as a fully qualified IFA, Gary works across both International Investment and InvestmentEurope titles. Previous video production credits include projects on BBC, C4 and SKY.

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