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Family Walking On Beach 3

Establishing and relocating family offices

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We have a long track record of working with single and multi-family offices on their establishment and relocation to our jurisdictions, as well as the provision of offshore legal services to family office clients deploying private capital globally.

We work with the biggest and smallest family offices and private investment companies, and are equally comfortable acting as specialist counsel amidst the wider advisory ecosystem, to working as an "external in-house" legal function.

Our lawyers build deep relationships with our clients based on trust and insight, and have experience of advising multi-generational HNW and UHNW families from the Middle East, Asia, Europe and the Americas to achieve their governance, asset protection, succession planning and philanthropic goals.

Our work in this area covers two distinct streams: the establishment and relocation of family offices (including governance, structuring, residency, work permit, real estate and employment matters); and acting for established family offices on succession planning, governance, investment, regulatory and financing matters.

Our specialist partners have worked on many family office set-ups from the smallest to substantial teams, and we understand the processes and timelines, and can come together to make things work.

For our provision of services to established family offices, we apply the same rigorous standards of client service and technical advice that we apply to our work for global institutional clients. Our combination of BVI, Cayman Islands, Guernsey and Jersey law advice covers the jurisdictions of choice for family office clients, and our expertise on investments (including digital assets), regulatory issues and cross-border financing enables us to offer a full service to family office clients.

IPC Samantha Dixon 2

The increasing popularity of Cayman Islands foundation companies for family offices and PTC structures

Family offices worldwide are evolving in sophistication, particularly in governance, succession planning and asset protection. In recent years, the Cayman Islands foundation company (FC) has emerged as a compelling hybrid vehicle, founded in company law, but with elements similar to trusts law, thereby meeting the needs of ultra‑high‑net‑worth families and family office structures in particular.

"It has been an absolute pleasure working with Bedell Cristin. Their relentless support in the face of a challenging, multi-jurisdictional project has been invaluable."
Chambers HNW
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Establishing and relocating family offices in the Cayman Islands

We have worked with family offices and private investment companies of all sizes on their establishment and relocation to the Cayman Islands.

With a partnership including some of the most experienced Attorneys in the jurisdiction, we are able to advise on every legal element – from structuring and regulatory issues, to relocation of staff, work permits and real estate matters.

Whether we are working with a single or multi-family office structure, whether we are dealing with a handful of employees or a substantial operation, and whether the family's roots are in the Americas, Europe, the Middle East or Asia, we have the expertise and long-experience to make things work.

Our team comprise specialists from all relevant legal disciplines, and we and are equally comfortable acting as offshore counsel amidst the wider advisory ecosystem, to working as an "external in-house" legal function.

  • The Cayman Islands are a popular choice for relocating family offices because of the regulatory and tax environment, and proximity to the US
  • We have experience of advising clients in this space for two decades
  • With specialist private client, relocation, real estate and investment partners in our team, we can cover the full range of requisite services
  • Our long-standing resident teams also support the needs of families and employees on integrating into life in the Cayman Islands
  • The partners working in this area have experience of practising onshore in London, the Middle East and Canada
  • We advise on work permits, residency, employment arrangements and real estate matters
  • We have successfully advised relocating family offices from all over the world, and of all sizes from small teams to substantial operations
  • Our teams also advise family offices on an ongoing basis on investments, financing, and regulatory issues
  • We are an independent law firm and are able to work with any advisers and service providers without conflicts of interest
  • With teams advising on BVI, Guernsey and Jersey law, we are also able to advise on cross-border structuring and options
"Bedell Cristin has been our firm's first choice for private client and trust advice for more than 15 years. The fact that we have worked with them consistently for such a long period speaks volumes about the excellence of the service we receive from them."
Legal 500
IPC Andrew Miller 1

Single Family Offices in the Cayman Islands: the Securities Investments Business Act and the Private Funds Act

Most of us will know a Single Family Office (an "SFO") when we see one. In the Cayman Islands ("Cayman"), SFOs are variously defined and regulated (or exempted from being regulated) under a range of statutes and regulations.

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Buy-side institutional and family office advice on Cayman funds

Alongside our work as sponsor-side offshore counsel to investment funds, we also have specific expertise of buy-side advice – advising institutions, family offices and high net worth individuals on their investments into Cayman Islands funds.

We work with investors, typically alongside onshore counsel, based in the US, Canada, the Middle East, Asia and UK, to independently advise on matters of Cayman Islands law impacting fund documents including the jurisdiction’s evolving legal and regulatory framework.

IPC Dan Altneu 2

Innovation and preservation - venture capital and family offices

The traditional view of the family office is that of a prudent organization, focused on conservative investment strategies and the preservation of family wealth.

Conversely, venture capital is viewed as high risk, driven by speculative investment, novel technologies and startup failures.

The two sectors seem misaligned, and yet family offices are increasingly engaged with venture capital.

IPC Kimone, Sophia And Fraser

Cayman Islands: Recent trends in residency by investment

As we have all seen in recent years, obtaining an alternative right of residence (in some cases citizenship), and an ability to leave one country and settle in another, is becoming increasingly important for our clients. Allied to this, as the world becomes ever more interconnected, so does the attractiveness and viability of making lifestyle choices about where to reside and conduct business.

"Andrew Miller and Fraser Allister are highly qualified professionals whose extensive knowledge of private client matters and the application of local laws provides for paramount quality of legal services."
Legal 500

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