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Bosco Online Workshop: Key Strategies of Investments and Wealth Management

Saturday, 16 January 2021
Bosco Online Workshop: Key Strategies of Investments and Wealth Management

On January 14, the first Bosco Online Workshop in 2021 was held on the topic “Key Strategies of Investments and Wealth Management”. Thanks to Bosco Conference, 3 international speakers, more than 300 participants from 40 countries attended the conference. The following topics were discussed at the conference:

True Investment Diversification.Jamie Vrijhof-Droese, Managing Partner, WHVP Ltd.

Russian Tax realities 2021: all you need to know in 30 minutes.Sergey Gerasimov, Managing partner, ALTHAUS Private Tax.

Opportunities offered by the Peace Agreement between the UAE and Israel.Urs Stirnimann, Cofounder, Swiss ILC Services DMCC.

Jamie Vrijhof-Droese talked about diversifying investments and the importance of distributing your funds among countries to become less dependent on various aspects. According to Jamie, this will help reduce investment risks.

Speaking about specific examples, the speaker advised using the services of WHVP, which specializes in asset management related to several first-class private banks in Switzerland and Austria, such as Bank Winter, Kaiser Partner, Vontobel and Wiener Privatbank.

Jamie is also ready to please our clients with the Swiss Money Secrets book in electronic format, and you can get it completely free of charge. To do this, simply contact This email address is being protected from spambots. You need JavaScript enabled to view it..

Sergey Gerasimov, Managing Partner at ALTHAUS Private Tax, shared information about tax changes in Russia in 2021 with the conference participants. The following topics were raised:

  1. Lump-sum tax on CFC income
  2. Increase of the personal income tax rate up to 15% for income exceeding over 5 mln. rubles.
  3. Taxation of interest income on Russian banks deposits
  4. Taxation of coupon yield
  5. Revision of Russian DTTs
  6. Liability of individuals for non-repatriated funds
  7. New currency regulations of non-bank accounts
  8. Voluntary Russian tax residency for individuals

According to the speaker, the changes also affected lump-sum taxes, which became more beneficial for:

  • owners of foreign companies (CFC);
  • owners of operating companies abroad, where paper profits may arise;
  • owners of foreign companies (CFC) with the generation of huge profits (from $ 500,000).

Sergey also analyzed the increase in the personal income tax rate up to 15% for income over 5 mln. rubles. Note that until 2021, the personal income tax rate was 13%, regardless of the amount of annual income.

Urs Stirnimann, Founder of Swiss ILC Services DMCC, spoke about the possibilities of a peace agreement between the UAE and Israel.

New opportunities have opened up for business:

  • transnational corporations had offices (representative offices) in two countries, and now they can be merged;
  • many will include Israel in their regional headquarters in Dubai;
  • many Israelis speak Arabic;
  • both countries are leading the way in financial technology, blockchain and crypto technology.

The agreement also had a positive impact on real estate and living conditions:

  • huge opportunities in real estate in the UAE;
  • very low prices;
  • beaches similar to Tel Aviv, Eilat, but real estate prices are 3 times lower;
  • easy and affordable to use the services of nannies, drivers, cooks, nurses.

Tax situation:

  • no tax (except VAT 5%);
  • the UAE has signed over 90 tax treaties (Israel will be next);
  • UAE foundations are also ideal for Israelis.

 

Stay tuned for further Bosco Conferences so you don’t miss out on useful information!

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