Our partner William Easun is recognised as one of the leading legal advisers in Monaco advising private clients and families, including entrepreneurs, sports personalities, investors, hedge fund managers and brokers. As a result, Tempest is one of the most experienced firms in the Principality when it comes to establishing Single and Multi-Family Offices and dealing with the associated structuring and estate planning issues that arise.
Many of our private clients now choose to employ the services of Multi-Family Offices to meet their private banking and wealth management requirements. In the last few years, Monaco has passed laws to regulate the activity of Multi-Family Offices in the Principality, with a view to encouraging more foreign residents of Monaco to favour local MFOs.
Our experts provide integrated advice across the establishment, structuring and management of Single and Multi-Family Offices, as well as working on the estate planning, wills and probate, trusts and regulatory issues involved. We are very well-placed to advise on the launch of Multi-Family Offices under the new Monaco regulations, including those that require authorisation from the regulator, the Commission de Contrôle des Activités Financières (CCAF), and from the Monegasque government.
Family Offices can serve as important vehicles for protecting personal wealth through the generations, and we deliver independent Monegasque legal advice as well as strategic guidance to private individuals and families, with a focus on integrity, professionalism and confidentiality.