Growing international pressure on tax havens to become more transparent and the introduction of automatic exchange of financial information, coupled with pressure from the international community on jurisdictions which do not levy any tax on income, is causing a marked shift to other jurisdictions such as Ireland, Malta, Singapore, Switzerland and New Zealand, for the establishment of international (holding) companies.
These other jurisdictions also offer beneficial tax regimes, but have more sophisticated taxation legislation, including tax rates of 10% or slightly over. A 10% tax rate is low by international standards, but currently considered an acceptable level of corporate tax. Because this tax rate is combined with all kinds of exemptions (which differ from jurisdiction to jurisdiction), the result is very low effective taxation, sometimes practically zero. Family offices are also aware of this development and therefore many of them nowadays prefer to structure via these jurisdictions.
A good multi-family office offers quite some services relating to foreign (holding) companies. It can support your family with (tax) advice on a solid international holding structure. The family office can often also organise and/or coordinate the setting up of an offshore company, and act as a board member or nominee shareholder of that company. A family office could also take over the actual management of all your (foreign) companies.