BritCham Presents: Last Chance for Non-Doms

About the Event

The UK recently announced that it will remove its non-domiciled tax regime to introduce a fairer and more competitive system. This event will help non-UK domiciled families to understand the immediate steps they can take to preserve family assets and wealth.

WHO ARE NON-DOMICILES?

Non-domiciles (non-doms) are people who live in the UK and have permanent residencies in another country. Their non-dom status exempts them from paying taxes on income and capital gained abroad for up to 15 years after coming to the UK, provided none of this money is transferred into Britain.

WHAT WILL BE DISCUSSED IN THIS EVENT?

Our expert speakers from Sovereign Management Services, Sovereign Consultancy, Sovereign Trust (Channel Islands) and Spice Taxation will discuss the recently announced tax reforms for Non-Doms living in the UK.

The session will cover:

An overview of the changes.
What constitutes a non-dom status?
Who is affected by these reforms?
What can be done about the reforms?
The immediate steps that should be considered to help preserve family assets and wealth.

WHO SHOULD ATTEND?

Families based in Singapore and the region who currently have a non-UK domicile status:
Either from being a completely non-UK domiciled family
Or a partly non-UK domiciled family, for example, a family with a non-domicile spouse.

Registration will begin at 8:30am. The event commences at 9:00am.

Members

Member PriceComplimentary

Non-Member

Public PriceS$40

Speakers

Andrew Galway

Managing Director of Sovereign Management Services Pte Ltd

Laurence Lancaster

Group Head of Tax at Sovereign Tax Services Pte Ltd and Sovereign Consultancy Services Ltd.

Martin Rimmer

Founder and Managing Director of Spice Taxation

Stephen Hare

Managing Director of Sovereign Trust (Channel Islands) Limited

Andrew has a 1st class BA (Hons) in Business Administration from Greenwich University in London. He serves as the Managing Director for Sovereign Management and has been asked by corporate clients to represent them on the board of their Singapore subsidiaries. In the capacity of a professional director, Andrew has overseen various trading operations as well as companies that have holding activities investing in Indonesia, Singapore and Thailand. When making decisions as a director, he will apply his own judgement but may from time to time consult legal and accounting resources within the Sovereign Group. Prior to joining Sovereign, Andrew worked in Wealth Management in the UK (Edinburgh and London) and internationally (Barcelona).

Martin Rimmer is the Founder and Managing Director of Spice Taxation Pte Ltd, a Singapore-based UK tax advisory practice.

Martin has a degree in German with Economics and International Business and has acquired the ATT qualification (Association of Taxation Technicians) in the UK. He is also a member of Singapore Chartered Tax Professionals Ltd.

After two highly formative years with the International Expatriate Services division of Arthur Andersen in London, he relocated to the South Coast to work for The Fry Group in June 1999 where he held a number of roles including Tax Manager, responsible for the UK taxation advice and compliance of the Group’s clients in Europe. In 2006, he was asked to take on a similar responsibility for clients in Hong Kong and then Singapore, making regular trips to the region which culminated in Martin’s relocation to Singapore in August 2011. Following a four-year period as Head of Tax at Select Investors, Martin set up Spice Taxation With nearly 25 years of experience dealing with International Private Clients including Britons living abroad and foreigners moving to the UK, Martin is skilled at expressing his advanced technical knowledge in understandable terms, building relationships with clients and gaining their trust. Martin regularly delivers tax workshops and seminars, and provides technical updates and briefing notes, for a diverse range of clients. He is a prominent figure in the international business community and is regarded as the Trusted Tax Adviser to a large number of clients in Asia.

Stephen qualified as an English lawyer in 1998, specialising in private client matters. By 2003 he was a partner in a boutique law firm heading up the wealth planning and private client department. A change in direction saw him relocate to Spain and in 2004 he joined Sovereign’s Gibraltar office as in-house legal counsel, becoming a director in 2007 with responsibility for the legal, compliance and customer service operations. Stephen transferred to Guernsey in 2010 when the Group opened its first Channel Islands office and became the MD in 2012. Following a restructure of the Guernsey office in 2020 Stephen remains MD of the trust & company side of the business and also provides support and guidance to his colleagues in the pensions team. He continues to hold his practising certificate and is a member of the Institute of Directors, the Chartered Management Institute and STEP. Stephen is a mental health first aider and is deputy chair of Sovereign’s Diversity, Equity & Inclusion Committee. Outside of work, Stephen discovered Parkrun in 2018 and admits he’s got the running bug; he also likes to travel and is a self-proclaimed bookworm.

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British Chamber of Commerce Singapore

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