Citizens of the European Union can easily move between countries to work, live or retire and this has presented growing challenges to financial advisers who increasingly need to understand domicile and residence
The subject of domicile is an increasingly important consideration and an opportunity for financial advisers when advising a client on how to protect and grow their wealth. In Europe, while the advent of the European Union has made it easier for its citizens to work, live and retire in a country other than the one they were born in, the Organisation for Economic Cooperation and Development (OECD) and the different personal tax systems of each member state, introduces an element of complexity that can potentially seriously impact the preservation of an individual's financial asset base. ...
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