Kaiser Ritter Partner and the Liechtenstein Disclosure Facility
With the recent upheaval in the finance industry, playing by the rules is now, more than ever, critical to successful and sustainable wealth management. In this new climate of transparency, tax compliance is becoming a given standard.
Kaiser Ritter Partner is one of the largest Trust and Private Banking Groups in Liechtenstein and represents the interests of high net worth families. We started to adapt to the new global environment in 2006 and since this date have focused on developing transparent solutions to international tax compliance issues.
Fritz Kaiser, executive chairman of Kaiser Ritter Partner, and Philip Marcovici (former partner of the global leading law firm Baker & McKenzie and now a board member of Kaiser Ritter Partner) have been working since 2008 to help the Liechtenstein financial centre adjust to the new realities. They were both instrumental in persuading the Liechtenstein government to open a dialogue with HM Revenue and Customs (“HMRC”), the UK tax authorities. This ultimately led to the groundbreaking Liechtenstein Disclosure Facility (“LDF”).
The Group’s close involvement with the Liechtenstein Disclosure Facility and our thorough understanding of UK tax compliance issues means that we are perfectly placed to help clients who wish to take advantage of the facility.