Canada is an attractive destination for high net worth immigrants from all over the world. Solid economic fundamentals, transparency/stability in government, high quality education opportunities, and a favourable lifestyle on the Pacific Rim all combine to attract these immigrants and their capital to Metro Vancouver and British Columbia.
Our Global Wealth Advisory Group works exclusively with Macdonald Realty and Macdonald Commercial sales associates to provide integrated solutions to the special challenges faced by these high net worth immigrant families in the realms of succession planning, tax residence status, international trusts, asset protection, conflicts of law, retention of immigration status, Canadian citizen status, life insurance and international education. We help them identify and communicate properly with multi-disciplinary and multi-jurisdictional legal and other prominent professional advisors, the goal being to establish suitable legal structures and plans securely to protect family wealth for the present and pass it on expeditiously to the next generation in the future. We also work with Canadian businesses to find suitable JV partners in real estate related businesses in China.
The British Columbia provincial government has established various programs to stimulate economic growth. These include the Provincial Nominee Program for business immigrants, the AdvantageBC program targeting international financial services businesses and the International Maritime Centre aimed at international shipping companies. Our Global Wealth Advisory Group monitors these government programs and related selection criteria to provide our sales associates with cutting edge intelligence on inbound investment and immigration programs that may impact the real estate brokerage business.
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Peter Scarrow is the head of MREG Global Wealth Advisory Group. Trained as a lawyer and fluent in Mandarin, Peter was a partner in charge of the Taiwan office of one of Vancouver’s oldest and largest law firms, in-house counsel for a Swiss private bank in Hong Kong, and Associate Director in the Hong Kong office of the world’s largest independent trustee company.