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Expats can stay strong in face of Brexit

However, these are the salient points to keep in mind:

  • Blacktower’s clients should be reassured that for now they retain the same residency status and healthcare benefits as they did prior to the Brexit vote.
  • Tax treaties, investments and financial arrangements are not dependent on the EU but on both individual wealth management firms and individual member states, Blacktower’s members should feel confident in moving towards the future.
  • Blacktower is in a strong position to take advantage of any volatility in the market and expects to be able to benefit from any opportunities which present themselves, such as the ability to make favourable purchases of high quality companies with solid dividends.
  • Blacktower operates right across the EU, including France, Spain, Italy, the Netherlands, Portugal, the Canary Islands, Gibraltar, Grand Cayman as well as the UK. In the short to medium term our wealth management services and financial advice will not be affected by the Brexit vote and we look forward to serving the needs of our clients whatever the future may hold.

For contact details and to arrange to speak to your local IFA please see our country by country location pages. To fill in a contact form, please click here.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Former Chancellor’s comments on French residency spark expat indignation

As an expat financial services specialist, Blacktower is always keen to hear about Britons who are making the decision to live permanently abroad, but one recent news story has left us, like many others, feeling a little perplexed, to say the least.

Permanent expats in France will soon be able to count leading Brexiteer Nigel Lawson amongst their number as the former UK chancellor of the exchequer has applied for his carte de séjour (permanent residency card).

The former Conservative cabinet member and one-time chair of the “Vote Leave” campaign has been branded a hypocrite by many in the British media, as he seeks full resident’s rights while he lives, as he has done so for many years, in his Gascony mansion in south-west France.

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Is May’s proposal “fair and serious” or does it put British expats in jeopardy?

EU FlagVery recently, Theresa May unveiled her “fair and serious” plans concerning Brexit and the rights of expats affected by it, but it has not been met with approval by either EU citizens in the UK or British expats living in EU member countries. British expats fear that Theresa May’s proposal may have ramifications for their own residency rights. Both groups have wished for all matters concerning their legal status to be settled early on in Brexit talks, but, so far, it seems the attempts made to progress matters have only caused further confusion.

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