Optimus present at Kuwaiti Property Forum

Tim Shallcross, Head of Business Development at Castletown based fiduciary and pension firm Optimus has presented a key message at the MAS British Investment Forum in Kuwait City.

Tim, who regularly travels to the Middle East, spoke on the advantages and challenges faced by foreign investors when purchasing UK property through offshore structures. He promoted the Isle of Man as a jurisdiction of choice when dealing with offshore structures. Tim cited the Isle of Man's strong AA1 credit rating as well as enforcing how the Island is recognised as a highly regulated International Financial Centre appearing on the OECD's white list.

"It was a privilege to be asked to speak at this forum and to provide an overview of offshore structuring" said Tim, "I was also able to promote the Isle of Man as favored jurisdiction and advantages of the Island over other jurisdictions such as Jersey, BVI and Cayman".

The inaugural forum was organised by MAS International, a leading real estate firm in Kuwait and was attended by almost 50 high net worth clients who have an interest in investing within the UK.

"The forum was a fantastic event and we were delighted Tim and Optimus were able to speak and provide not only an overview of the market, but also practical examples of how property can be structured" said Abdullah Alshehab, event organiser and Business Development Manager at MAS International, "The forum tackled some major aspects that interest investors wishing to invest in Britain and feel that this was achieved across the range of presentations delivered".