Creating Wealth: Supporting the next generation of entrepreneurs
Client profile: A London-based entrepreneur with a family business in food and beverage in Europe
Challenges: Our client wanted to focus on the creative side of the business and needed support when it came to the practicalities of establishing and running a business.
Vistra services provided: Setting up of business, ongoing administration – legal, banking, tax and HR support and advice, UK investor visa application, virtual CFO
One of the most fascinating aspects of our work with families is the emergence of the next generation and how they choose to move forward in the world. Whether they become involved in philanthropy, join the family business or choose to branch out on their own, we provide support and advice no matter what route they take.
We recently advised the eldest son of a family with an extensive food and beverage business in Europe, who wanted to set up his own chain of restaurants in London. As someone who was passionate about food and had a business partner in place to provide the financing, he was less confident when it came to the practicalities of establishing and running a business.
He simply wanted to focus on the business itself – including the creative side, such as design and marketing – while the set-up of the business and ongoing administration was put into expert hands. This included full legal, banking and tax advice as well as help with obtaining a UK investor visa for his business partner.
We were able to help him with these requirements. Not only did we introduce him to and co-ordinate lawyers, tax specialists and property agents, we took responsibility for employment and payroll services, stock control and cash flow monitoring, statutory reporting and tax compliance. We also co-ordinated the UK visa process and put a virtual CFO in place to provide financial oversight.
As a result of Vistra taking care of the back office, our client was able to put all his energies front of house – and in only two years managed to open multiple locations for his new venture.
If you would like to discuss how Vistra can help you create, preserve or transfer your wealth, please contact one of your local experts:
Location | Name and title | Phone number |
---|---|---|
UK | Chris Marquis Global Head of Private Wealth |
+44 203 872 7325 |
China | Sherrie Dai Managing Director, North Asia |
+86 21 6085 6188 |
Hong Kong SAR | Yumei Zhang Executive Director, Head of Private Wealth, Greater China |
+852 2848 7580 |
India | Navita Yadav Managing Director, India & Mauritius |
+91 22 2659 3882 |
India | Neeraj Aggarwal Director, Private Wealth, India |
+91 22 2659 3659 |
United Arab Emirates | Heba Al Emara Managing Director, Middle East |
+971 4 278 3600 |
Singapore | Chris Burton Managing Director, South East Asia |
+65 6854 8010 |
Singapore | Christine Tan Managing Director, South East Asia |
+65 6854 8061 |
Jersey | Clive Wright Managing Director, Jersey |
+44 1534 504560 |
Malta | Dr. Anthony Galea Managing Director, Marine & Aviation |
+356 2258 6400 |
Switzerland | Sascha Züger Managing Director, Switzerland |
+41 44 296 68 70 |
UK | David Rudge Managing Director, Corporate & Private Wealth UK |
+44 203 872 7334 |
UK | Julius Bozzino Director, Private Wealth, International |
+44 203 872 7384 |
Cyprus | Nick Terry Managing Director, Cyprus |
+357 25 817 411 |
Luxembourg | Joost Knabben Commercial Director, Luxembourg |
+352 422 229 530 |
Luxembourg | Farabi Zakaria Commercial Director, Luxembourg |
+352 422 229 398 |
USA | Raúl Markos Director, Private Wealth |
+1 305 978 1742 |
This article was written based on a current client of Vistra in the UK.
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