Why the UK
The UK is a popular jurisdiction for individuals to take up residence not only due to its rich culture and British "way of life" but also because of the tax advantages that it can offer.
Foreign individuals who are resident but not domiciled in the UK can elect to be taxed on a remittance basis. This means that an individual will pay tax on UK source income and gains, but foreign income and gains are only taxed if they are remitted to the UK. With careful planning this can result in a very low UK tax burden.
The tax position for those resident but not domiciled in the UK is going to be changed from April 2017. Please see UK Non-dom options.
EU nationals have the right to reside in the UK. Non-EU nationals need to obtain a residence visa. There are two types of UK visa which are particularly attractive to high net worth individuals: the UK Investment Visa and the UK Entrepreneur/Innovator Route.
The UK is situated close to mainland Europe and London is a key economic and cultural centre. The education and legal system are of high quality and there is an excellent choice of property, both residential and commercial.
The UK has excellent transport links to Europe and the rest of the world. Heathrow, close to London, is the third busiest airport in the world and handles more international passengers than any other airport.