CM SKYE
Private Wealth and Business Structuring
How you own or benefit from your assets can have a significant bearing on how much of your success you get to enjoy. It is not uncommon for individuals and families to experience depletion of assets and wealth through taxation, family or business disputes, or lack of a cohesive governance structure among other things. Conversely, a successful ownership strategy can increase the chances of preserving your wealth or capturing it as it is created, providing clarity around your affairs and a clear succession plan, leaving you to enjoy the fruits throughout your lifetime.
CM Skye works with clients and their lawyers, accountants and other specialist professional advisers to devise the most effective ownership strategy to improve their position and meet their needs, offering informed guidance on each component. The right strategy with ongoing assessment and adjustment (where necessary) is key and CM Skye works to draw together the requisite expertise across disciplines and across jurisdictions to provide co-ordinated, client focused solutions.
- Wealth ownership structuring
- Private business structuring
- Asset holding and protection strategies
- Estate and succession planning
- Tax savings and commercial planning
- Residency and citizenship applications
- Insurance advisory
- Philanthropy
- Family office and governance advice
We assist clients across a broad range of asset types, including investment portfolios, private and listed businesses, new ventures, commercial and residential real estate, fine art, yachts and antiques.
Fiduciary Management and Administration
Our team of experienced accountants, trust and estate practitioners, chartered secretaries and administrators establish and provide daily support and administration to structures for clients around the world. Our service is based on independence and transparency, ensuring personal contact with dedicated client service managers as well as other in-house professional specialists as required. The team is split between our offices in Switzerland and the Isle of Man.
CM Skye is therefore free to select the right legal jurisdiction for the client’s needs, without compromising on our core operational support standards. We operate our own trust companies and corporate service providers and/or we work with other service providers in all of the main offshore and onshore financial centres around the world to ensure timely and professional execution of client business.
Some of the legal forms with which we work include trusts, private trust companies, limited companies, guarantee and hybrid companies, limited partnerships, LLCs, derivative structures, life assurance and other contractual mechanisms for wealth planning. These are the building blocks of a strategy which, when used in the right way, create the overall ownership environment delivering the desired benefits, whether tax mitigation, asset protection, succession planning or otherwise.
- We have notable expertise in fiduciary structures utilising life assurance based solutions, and have strong strategic relationships with international life assurance carriers willing to provide one off customised policy solutions.
- At the same time we maintain strong privileged relationships with a number of banks through which we can, where appropriate, secure for our clients a range of benefits, including loans, card services and transactional banking services.
- We also assist with residency applications, such as in Monaco, Gibraltar, Isle of Man and Switzerland where we are able to secure, in the right circumstances, Swiss company or Swiss branch tax rulings, personal residency permits with personal tax rulings and work permits.
We have extensive experience in dealing with planning strategies for the USA, Canada, South Africa, South East Asia and Australia and have access to a number of highly effective solutions developed by leading advisers from these regions.
CM Skye is not qualified to and does not give legal or tax advice, but instead works with suitably qualified professional advisers in the relevant jurisdictions for such purposes.
For more details on CM Skye, please click www.cm-skye.com
