history is reset
Russian “Haynets” are adapting to new orders: the results of a joint survey of Tranio and Adam Smith Conferences
For the first time in history, more than 50% of wealthy Russians began to notify Russian tax authorities of their accounts in foreign banks and controlled foreign companies. This assessment was given by survey participants conducted by Tranio in conjunction with Adam Smith Conferences in 2018. For the third year in a row, the survey is conducted among private banking specialists, lawyers, and tax consultants working with large capital owners. Continue reading
Central Bank recorded the growth of Russian demand for the purchase of foreign real estate
The amount of cross-border transfers from Russia in 2018 amounted to $ 37,062 million, according to data from the Central Bank of Russia. Compared with the previous year, this figure increased by 18.4%. The amount that the Russians spent on the purchase of foreign real estate, also increased – by 12.3%. This amount is $ 1,234 million, or 3.33% of the total volume of transfers. The growth of cross-border transfers from Russia in order to purchase real estate has been marked for the second year in a row. As in 2017, the volume of cross-border transactions began to show active growth in the third quarter of the year. Continue reading
