Asia plays a large part in most global strategies – according to the World Economic Forum predictions of 2012, by 2030 Asia will host 64% of the global middle class and accounts for 40% of global middle class consumption. In the last 30 years or so, there has been significant economic growth in Asia contributing to the meteoric rise of high net worth individuals in the region.

The growing volume of private wealth in the Asia-Pacific region (excluding Japan) is also expected to almost double in value reaching USD61 trillion by 2018. This has resulted in increasing demand for a more considered approach towards compliant structures for holding private wealth and succession planning.

“The growing volume of private wealth in the Asia- Pacific region (excluding Japan)is also expected to almost double in value reaching USD61 trillion by 2018.”

– Frances Woo, Group Chairman and Managing Partner, Appleby

Type

Insight

Locations

Bermuda

Share
Twitter LinkedIn Email Save as PDF
More Publications
26 Jul 2021 |

What not to forget when an employee leaves

There are many practical and ‘housekeeping’ matters that employers need to deal with when an emp...

Contributors: Jordan Knight
23 Jul 2021 |

Contributed surplus: it’s not capital!

Last week, in part one, we discussed the meaning of share premium, the various ways a company may us...

16 Jul 2021 |

Share premium: do you have it?

When the issuance of shares by a company is discussed, the first thought that comes to mind is the s...

2 Jul 2021 |

No question you’ll see more life reinsurers in Bermuda

While the emergence of property and casualty (P&C) startups in Bermuda is likely to be muted in ...

2 Jul 2021 |

Bermuda: An introduction to Dispute Resolution

This edition discusses Current Economic Conditions and Dispute Resolution Activity, Trends & Dev...

Contributors: Jordan Knight
25 Jun 2021 |

Can an employer dismiss an employee for refusing to return to work due to concerns about Covid?

Public health restrictions in Bermuda have been gradually easing in recent months and almost all cam...

21 Jun 2021 |

Economic Substance Q2 2021

Since our last quarterly update, important developments have occurred with respect to the applicabil...

3 Jun 2021 |

Virtual Currency in Bermuda: An Update

Bermuda has come a long way in the virtual currency sphere.

25 May 2021 |

Changes to the rules on Bermuda status for children

The Government of Bermuda has recently introduced changes to assist with the process of verifying an...

17 May 2021 |

Maintaining a robust profile at the top of multiple sectors

This Country Report provides the latest update on how Bermuda is positioning itself as the perfect b...