EU Savings Directive

The EU Savings Directive was introduced in 2005 and had a significant impact on how expats could legitimately invest offshore. Essentially, it placed an obligation on banks and financial institutions, wherever they were based in the world, to report all financial information about EU resident account holders. This information was in turn used against UK citizens and citizens of other EU conutries. There are, however, a number of ways that the reporting obligations of the EU Savings Directive can be avoided. Please contact us for more information.