What Does It Actually Mean to Invest in a Company's Share Capital?
The legal and commercial distinctions between initial capital, capital increases, share premium, secondary acquisitions, and the conversion of debt...
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Portugal: When Immigration Policy Starts Dictating Investment Strategy
Governments have always used immigration policy to pursue economic objectives. Investment migration programmes are a particularly clear example. Th...
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Capital Is Not the Strategy: Why Execution Determines Investment Outcomes
There is a tendency in investment discussions to focus on the moment capital is committed. We talk about valuations, financing conditions, investme...
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From Attracting Wealth to Attracting Capital: The Next Competition Between Jurisdictions
For years, governments have competed to attract wealthy individuals.
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Monaco vs. the French Riviera: Where Should You Put the Next €10 Million?
For investors with substantial capital, the question is rarely whether Monaco or the French Riviera is attractive. Both are. The more interesting q...
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Beyond the €1.3 Million Line: How French Wealth Tax Shapes Real Estate Investment Around Monaco
The French impôt sur la fortune immobilière (IFI) is often presented as a tax issue for wealthy individuals buying expensive homes in France.
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Why Family Offices Are Moving Toward Alternative Assets
The traditional investment portfolio was built around public markets: shares, bonds, cash and perhaps some property. For decades, this was the stan...
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The Return of Private Equity to Wealth Management
For decades, private equity was largely an institutional investment. Pension funds invested in it. University endowments invested in it. Sovereign ...
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The European Investor Has More Choices Than Ever
There was a time when the European investor had a relatively simple choice. London was the financial centre. Switzerland was the traditional wealth...
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Cyprus: From Investment Migration to Wealth Management
For much of the last decade, Cyprus was discussed internationally through the lens of investment migration.
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France's Wealth Tax and the Monaco Investor
There is a particular irony in the relationship between France and Monaco. The two jurisdictions are separated by little more than a few kilometres...
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Monaco: The Last Great Wealth Haven?
There are very few places in Europe that can genuinely be described as wealth jurisdictions. There are many countries with wealthy people. There ar...
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