{"id":241822,"date":"2022-11-22T10:47:00","date_gmt":"2022-11-22T09:47:00","guid":{"rendered":"https:\/\/highgate.sk\/wealth-management-conference-in-luxembourg-and-the-pitfalls-of-the-current-political-situation-in-slovakia\/"},"modified":"2024-11-21T20:30:04","modified_gmt":"2024-11-21T19:30:04","slug":"wealth-management-conference-in-luxembourg-and-the-pitfalls-of-the-current-political-situation-in-slovakia","status":"publish","type":"post","link":"https:\/\/highgate.sk\/en\/wealth-management-conference-in-luxembourg-and-the-pitfalls-of-the-current-political-situation-in-slovakia\/","title":{"rendered":"Wealth management conference in Luxembourg and the pitfalls of the current political situation in Slovakia"},"content":{"rendered":"\n<p><strong>In the context of the increasingly worrisome political situation in Slovakia and the war in Ukraine, a number of clients have a need to diversify their assets geographically.\nAs part of our advisory practice   <\/strong><a href=\"https:\/\/highgate.sk\/en\/\"><strong>Highgate Group<\/strong><\/a> <strong>the topic of wealth management is being addressed more and more intensively both legally and tax-wise.\nPeter Varga therefore participated in the STEP Europe conference in November, which discussed modern trends and challenges of contemporary planning in the context of European realities. <br\/><br\/><\/strong>It is the legal uncertainty in Slovakia caused not only by the volatile political situation, Russian aggression, but also by the often less predictable decision-making activity of Slovak decision-making bodies that are the main motives why entrepreneurs or investors are looking for opportunities to geographically diversify their assets.<br\/><br\/>For example, at our recent conference on <a href=\"https:\/\/konferenciapreitfirmy.sk\/\" target=\"_blank\" rel=\"noreferrer noopener\">legal and tax optimization of technology companies<\/a>, the owners of such companies commented on the question, &#8220;<strong>If after the next parliamentary elections a government were to emerge from political parties that downplayed (did not believe in) COVID and that today are more or less spreading pro-Russian rhetoric about the perception of the war in Ukraine, what would be your reaction?<\/strong>&#8221; as follows:<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>36% would immediately start taking steps to move their company abroad;<\/strong><\/li>\n\n\n\n<li><strong>45% would start thinking about moving abroad;<\/strong><\/li>\n\n\n\n<li><strong>19% would wait to see how the situation develops;<\/strong><\/li>\n\n\n\n<li><strong>0 % would not reflect such a result<\/strong><\/li>\n<\/ul>\n\n<p>Political risks are thus perceived as a sensitive part of the added value of the Slovak economy.\nHowever, geographic and functional diversification brings several legal and tax challenges. <\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Can Slovak authorities freeze a foreign bank account?<\/strong><\/li>\n\n\n\n<li><strong>Are Slovak interim measures enforceable abroad?<\/strong><\/li>\n\n\n\n<li><strong>How safe are Swiss banks?<\/strong><\/li>\n\n\n\n<li><strong>How to set up a trust structure correctly?<\/strong><\/li>\n\n\n\n<li><strong>How to tax income from a trust or how to effectively set up a holding structure?<\/strong><\/li>\n\n\n\n<li><strong>How to transfer a healthy core business to another company?<\/strong><\/li>\n\n\n\n<li><strong>How not to be on finstate?<\/strong><\/li>\n<\/ul>\n\n<p>At <a href=\"https:\/\/highgate.sk\/en\/\">Highgate Group<\/a>, these are precisely the issues that we address at our law firm.<br\/><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/highgate.sk\/wp-content\/uploads\/2023\/01\/banner-konzultacia-komplexna-peto-1024x576.png\" alt=\"\" class=\"wp-image-230367\" style=\"width:700px\"\/><\/figure>\n<\/div>\n<p><strong>If you are interested in this topic, please <a href=\"https:\/\/highgate.sk\/en\/contact\/\">do not hesitate to contact us<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the context of the increasingly worrisome political situation in Slovakia and the war in Ukraine, a number of clients have a need to diversify their assets geographically. As part of our advisory practice Highgate Group the topic of wealth management is being addressed more and more intensively both legally and tax-wise. Peter Varga therefore [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[134],"tags":[120],"class_list":["post-241822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting-topics","tag-offshore-company"],"_links":{"self":[{"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/posts\/241822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/comments?post=241822"}],"version-history":[{"count":1,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/posts\/241822\/revisions"}],"predecessor-version":[{"id":241838,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/posts\/241822\/revisions\/241838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/media\/2884"}],"wp:attachment":[{"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/media?parent=241822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/categories?post=241822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/tags?post=241822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}