With the advent of technology, the rapid pace of globalisation, the growing complexities of laws, multiple compliances, and increased exchange of information amongst regulators, the High-Net-Worth Individuals (HNI) community is facing an ever-dynamic plethora of opportunities as well as risks.
Owing to the complexity and tightening of the accounting, tax, and regulatory frameworks and a changing reporting landscape, HNIs face several unprecedented challenges while navigating stringent laws and compliances across jurisdictions. With the multiplicity of disclosures surrounding income, assets and liabilities, succession, wealth, insurance etc. coupled with interplay amongst regulations, a multi-dimensional evaluation is imperative.
At BDO India, our team of experts consists of members with specialist knowledge and experience in international tax, succession planning, wealth and asset structuring, accounting, technology, trust law and family business advisory.