“It was a priority to get Portugal sorted out and then we will look at Spain and France, and possibly Italy in due course.”
Chris Ennis, head of Affluent for Generali PanEurope, said Brooks Macdonald International’s range of tailored investment solutions made them an attractive discretionary investment manager for international investors.
“The popularity of discretionary investment managers is growing internationally and Generali PanEurope is pleased to offer Portugal-based investors a locally compliant tax efficient solution with the expert discretionary investment management services offered by Brooks Macdonald,” he said
Generali PanEurope, part of the giant Generali Group, is an Irish-domiciled insurer so its offshore bond does not pay capital gains tax, corporation tax or income tax on the assets held within the fund.
“It’s an Irish wrapper that uses the EU passporting framework to make that available in various countries, including Portugal,” said Hughes, who added that this specfic product had been signed off in Portugal by the Portuguese tax authorities.
