Families with businesses across borders often require flexible residency strategies.
Global families may combine multiple residencies—such as Singapore PR, European Golden Visa, and Caribbean citizenship—to optimize mobility and taxation. Proper planning ensures tax residency is aligned with family needs while avoiding double taxation. Professional advice is critical.
FAQ:
- Q1: Can one family hold multiple residencies? Yes, though tax implications must be considered.
- Q2: What’s the key risk? Conflicting tax residency obligations. User Comments:
- “We maintain both EU and Asian residencies to balance lifestyle and taxes.”
- “A strong legal team is essential when managing multiple residencies.” Editor's Note: Multi-residency strategies require careful legal structuring. Tags: Global Residency, Multi-Jurisdiction Families, Tax Residency