Indian relocation to the UK: making sure your wealth is protected

In light of India’s continued economic growth, many high-net-worth Indian individuals are seeking to diversify their asset portfolios internationally and regard the UK as their preferred destination.

Many Indian expats regard the UK as an ideal location for investment and trade and are seeking to either establish businesses or expand their current business activities in the UK. Additionally, the high quality of education and healthcare available in the UK makes the move more desirable for wealthy Indian families.

Irrespective of your motivation for moving to the UK, it is extremely important to ensure that you have in place an appropriate exit and pre-UK arrival tax and estate planning strategy to ensure the preservation of wealth for you and your future generations. It is crucial that you seek advice from professional advisers before relocating to the UK to ensure a successful move and to mitigate adverse tax consequences.

HCR Law’s specialist Private Wealth department consists of highly experienced advisors from our private client, corporate and commercial, family, immigration and real estate teams. We provide a bespoke and comprehensive Private Wealth service to high-net-worth individuals and their families.

Members of our team have a personal connection to, and understanding of, the Indian culture and values, and can assist individuals and families with various aspects of their personal and business affairs in a discreet and efficient manner in order to achieve their objectives.

Preserving wealth for future generation goes beyond having a Will in place. Our experienced Private Wealth specialists will consult and advise all relevant family members, including engaging with the next generation, so as to embrace family governance practices and ensure seamless succession and preservation of wealth.

Our Private Wealth team is trusted to guide and support our Indian clients with a range of needs, including:

· Wealth structuring, succession planning, and asset protection including the preparation of wills, trusts, Family Investment Companies and other appropriate entities for multi-jurisdictional families and estates

• Pre-arrival UK tax planning and structuring
• Family governance
• Family business structuring and succession planning
• Complex probate with an international nexus
• Family disputes, including divorce and pre and post nuptial agreements
• Immigration
• Establishing, running and exiting business ventures in the UK
• Buying and selling properties in the UK, tax advice and structuring
• Resolving personal, business or property disputes.

The team has extensive experience working with multiple generations of Indian families. We will work closely with you and your family as well as professional advisors in India to coordinate advice seamlessly and achieve the most effective mechanism to preserve your wealth in a cost-effective manner.