Our client is a Russian businessman and shareholder of a rapidly growing company, to which a lot of his time is dedicated. He is married and has children. The family decided to educate their children in the UK. Initially, following their friends’ advice, they decided that the client’s wife should be the main applicant, so she and the children would stay in the UK and apply for settlement and citizenship in due course. The client himself intended to spend only a limited amount of time in the UK.
After appraising the situation, we insisted on taking advice from a reputable immigration practice (our partner law firm).
This proved invaluable, as it turned out that the client’s plan would simply not work due to recent changes to immigration rules which meant that in order for children to qualify for settlement, both parents would have to apply for the same status, thus meaning the client would not be able to meet his residency requirements. Based on our timely advice, the client decided to apply as the main applicant and increase the invested amount, which allowed him to qualify for settlement in two years’ time (and during this period he would become resident in the UK).
In addition, we arranged tax advice regarding the most efficient way of funding the family’s expenditure in the UK - by relying on his clean capital and using the remittance basis of taxation. This allowed him to minimise his tax exposure in the UK.
After appraising the situation, we insisted on taking advice from a reputable immigration practice (our partner law firm).
This proved invaluable, as it turned out that the client’s plan would simply not work due to recent changes to immigration rules which meant that in order for children to qualify for settlement, both parents would have to apply for the same status, thus meaning the client would not be able to meet his residency requirements. Based on our timely advice, the client decided to apply as the main applicant and increase the invested amount, which allowed him to qualify for settlement in two years’ time (and during this period he would become resident in the UK).
In addition, we arranged tax advice regarding the most efficient way of funding the family’s expenditure in the UK - by relying on his clean capital and using the remittance basis of taxation. This allowed him to minimise his tax exposure in the UK.
“Relocation to a different country can become a very stressful experience. On top of sorting your new lifestyle, you have to think about immigration and tax aspects and deal with them well in advance”.
Antonina Sarenborg
Senior Trust Officer/
Saffery Champness (Suisse) S.A.
Saffery Champness (Suisse) S.A.
Immigration and tax advice on relocation to the UK.
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another experience
Our client is a Russian businessman and shareholder of a rapidly growing company, to which a lot of his time is dedicated. He is married and has children. The family decided to educate their children in the UK. Initially, following their friends’ advice, they decided that the client’s wife should be the main applicant, so she and the children would stay in the UK and apply for settlement and citizenship in due course. The client himself intended to spend only a limited amount of time in the UK.
After appraising the situation, we insisted on taking advice from a reputable immigration practice (our partner law firm).
After appraising the situation, we insisted on taking advice from a reputable immigration practice (our partner law firm).
This proved invaluable, as it turned out that the client’s plan would simply not work due to recent changes to immigration rules which meant that in order for children to qualify for settlement, both parents would have to apply for the same status, thus meaning the client would not be able to meet his residency requirements. Based on our timely advice, the client decided to apply as the main applicant and increase the invested amount, which allowed him to qualify for settlement in two years’ time (and during this period he would become resident in the UK).
In addition, we arranged tax advice regarding the most efficient way of funding the family’s expenditure in the UK - by relying on his clean capital and using the remittance basis of taxation. This allowed him to minimise his tax exposure in the UK
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