Nobel’s 15-year milestone in multi-family office services
Wealthy families often face numerous challenges in dealing with their wealth and international affairs. Some of them address their challenges by having a combination of in-house professionals and outsourced services to 3rd party advisers, while others have resources to establish their own single-family office, hiring dedicated professionals to handle their wealth and daily needs.
Family office services range from the more sophisticated corporate and personal structuring for operations, asset protection and management as well as succession planning, to the financial and legal administration of structures and family affairs and the provision of services related to the well-being and personal needs of the family as well as philanthropic wishes.
At Nobel, we are proud of our client care, ability to multi-task and find solutions to complex matters. Since our establishment, we have identified the need to provide bespoke services to families who have demanding lifestyles and a need for diverse professional expertise, and have managed to run a successful multi-family office.
One of our main success stories is an international family active predominantly in the real estate and hotel management services, whom we have been servicing for more than 10 years. The advisers of the family initially approached our Cyprus office (Nobel Trust Ltd) to seek assistance with the establishment and management of an international holding company. The request was dealt with by our corporate administration team with efficiency and that was the beginning of a professional relationship of trust which is still ongoing. Ten years after, and we are now handling a corporate structure with more than 30 international companies with a range of assets all over the world, complicated treasury and financial transactions with international counterparties and complicated due diligence aspects, administering international litigation matters, managing succession planning structures and handling day-to-day administrative tasks for the benefit of the family members who live in different parts of the world. At all times we are on top of communication with different advisers, banking institutions, government authorities and international service providers and serve as the main advisers to provide holistic solutions to the family members.
A multi-family office provides an affordable and efficient solution for wealthy families and our Cyprus office is a prime example of a successful one.
Following the recent changes in the Greek legislation with attractive tax incentives for relocation of wealthy individuals and families to Greece, as well as the new legislation for the establishment of special purpose vehicles to serve as a single-family office for wealthy families, the Greek market requires specialized professional services to serve the needs of family offices.
Our Greek office (Nobel Hellas SA) shares the values and experience of our Cyprus Group, and through long-standing business co-operations internationally, can service the needs of wealthy families relocating to Greece.
For more information you can contact either our offices in Nicosia [email protected] or Athens [email protected]
