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Case study n° 5
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Expatriate in UK
| The client |
Mr Clerc is one of the directors of a large international company specialising in market finance.
He has just accepted a high-flying job in the London subsidiary of his company. |
| His needs |
So he can pay everyday expenses in his new country, Mr Clerc needs a bank account he can use to receive part of his salary and his bonuses.
He also thinks he will set up some offshore assets at the same time. |
| The solution | To meet his needs, opening a bank account with our partner in the Isle of Man seemed the best option. |
| Reasons |
With an account in the Isle of Man, Mr Clerc benefits from the special system for expatriates in England so he doesn't pay any tax on operations outside the UK.
In addition, our partner in the Isle of Man offers the full range of everyday management services (direct debit, cheque book, debit card, etc.), as well as a wide choice of investment solutions. |
