Estate Planning

Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life, in the event the person becomes incapacitated and after death. The planning includes the bequest of assets to heirs and may include minimizing gift, estate, generation skipping transfer, and taxes.  Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses. The ultimate goal of estate planning can only be determined by the specific goals of the estate owner and may be as simple or complex as the owner’s wishes and needs directs. Guardians are often designated for minor children and beneficiaries in incapacity.

Yacht Registration & Management

Owning a yacht gives you the possibility of making your dreams a reality. Indeed, owning a yacht allows for so much more: quality time with family and friends, tranquillity, or possibly an exclusive playground or unrivalled status.

Aircraft Registration & Management

The ultra-wealthy enjoy a lifestyle which calls for extensive domestic and international travel

Ultra High Net Worth (‘UHNW’) individuals are the main players in the world’s private aviation market. While some frequently use commercial airlines, others may choose to charter private planes or have fractional ownership plans. However, for a portion of the UHNW population and their businesses, outright ownership, whether in their name or through their corporation, is an efficient and cost-effective solution to their increasingly busy schedule across multiple countries and time zones.

Trusts & Foundations

Horizon, can offer access to 5,000 experienced professionals working out of 85 offices in over 45 Jurisdictions, with many year’s experience forming trusts and foundations nad delivering ongoing support to maintain them.

Family Office

Family Investment Companies are a tax-efficient way to retain control over assets and pass them to the next generation.

We have helped with the incorporation and legal structuring of a number of family investment companies (FIC) recently. It is worth considering them as part of a strategy for inheritance, succession, and wealth planning.

Take the example of parents who want to pass wealth to their young children but do not want the children to have access to money at a young age. Trusts are often the natural choice. However, the law around them can be complex and they are not always tax efficient. Most business people will be familiar with the concept of a limited liability company and how it operates – this is one of the main attractions of a family investment company. A further attraction is the degree of flexibility they provide – they can be fine-tuned to a family’s particular circumstances or requirements.

Family Office

Family Investment Companies are a tax-efficient way to retain control over assets and pass them to the next generation.

We have helped with the incorporation and legal structuring of a number of family investment companies (FIC) recently. It is worth considering them as part of a strategy for inheritance, succession, and wealth planning.

Take the example of parents who want to pass wealth to their young children but do not want the children to have access to money at a young age. Trusts are often the natural choice. However, the law around them can be complex and they are not always tax efficient. Most business people will be familiar with the concept of a limited liability company and how it operates – this is one of the main attractions of a family investment company. A further attraction is the degree of flexibility they provide – they can be fine-tuned to a family’s particular circumstances or requirements.

How Inheritance Tax works

thresholds, rules and allowances

Overview

Inheritance Tax is a tax on the global estate (the property, money and possessions) of someone who’s died.

There’s normally no Inheritance Tax to pay if either:

Inheritance Tax rates

The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate that’s above the threshold.

Example Your estate is worth £500,000 and your tax-free threshold is £325,000. The Inheritance Tax charged will be 40% of £175,000 (£500,000 minus £325,000).

The estate can pay Inheritance Tax at a reduced rate of 36% on some assets if you leave 10% or more of the ‘net value’ to charity in your will.

Reliefs and exemptions

Some gifts you give while you’re alive may be taxed after your death. Depending on when you gave the gift, ‘taper relief’ might mean the Inheritance Tax charged on the gift is less than 40%.

Other reliefs, such as Business Relief, allow some assets to be passed on free of Inheritance Tax or with a reduced bill.

Contact the Inheritance Tax and probate helpline about Agricultural Relief if your estate includes a farm or woodland.

Who pays the tax to HMRC

Funds from your estate are used to pay Inheritance Tax to HM Revenue and Customs (HMRC). This is done by the person dealing with the estate (called the ‘executor’, if there’s a will).

Your beneficiaries (the people who inherit your estate) do not normally pay tax on things they inherit. They may have related taxes to pay, for example if they get rental income from a house left to them in a will.

People you give gifts to might have to pay Inheritance Tax, but only if you give away more than £325,000 and die within 7 years.

When someone living outside the UK dies

If your permanent home (‘domicile’) is abroad, Inheritance Tax is only paid on your UK assets, for example property or bank accounts you have in the UK.

It’s not paid on ‘excluded assets’ like:

There are different rules if you have assets in a trust or government gilts, or you’re a member of visiting armed forces.

When you will not count as living abroad

HMRC will treat you as being domiciled in the UK if you either:

Double-taxation treaties

Your executor might be able to reclaim tax through a double-taxation treaty if Inheritance Tax is charged on the same assets by the UK and the country where you lived.

Contact Horizon for more information about ways to mitigate inheritance tax and the products available to make sure you don’t pay too much or what you don’t need to.

Source: https://www.gov.uk/inheritance-tax

Yacht Registration & Management

Owning a yacht gives you the possibility of making your dreams a reality. Indeed, owning a yacht allows for so much more: quality time with family and friends, tranquillity, or possibly an exclusive playground or unrivalled status.

We aim to maximise your yacht’s potential by assisting and supporting you and your advisors in the choices along your journey. We will guide you in much matters as:

Services ::

Assistance with Acquisitions and New Builds

The first thing you should do before buying a yacht is choose a winning and knowledgeable team to advise you. Yachts really are unique assets and the acquisition process requires various skills and knowledge of many areas including law, finance, personal tax, corporate tax, VAT, and flagging, amongst others.

With many years of experience in the yacht industry Vistra can assist you, as well as support you via the Vistra office network and contacts to lawyers, tax advisors, and brokers specialised in the yachting industry. Using the Vistra network, they can provide you with contacts across the globe.

Setup and Administration of Yacht Structures

The choice of a structure depends on multiple factors including the yacht, its use, tax considerations, and further factors. Moreover, it involves an understanding of the needs and wants of the owner.

In general, the use of a corporate entity will ensure asset protection. Vistra Marine & Aviation will support and assist you through the process of identifying the most suited jurisdiction and form, as well as its administration during the lifespan of the yacht.

 

 

Focused on giving private clients tailor-made solutions and not just off the shelf service. Vistra Marine & Aviation Limited provides assistance with registration, asset administration, corporate structuring and services, accounting and payroll, yacht financing, customs, VAT, and tax compliance services. Using their network, including lawyers, tax advisors, and yacht brokers, Vistra provides assistance with superyacht acquisitions, as well as with the sale and construction of new builds.

Aircraft Registration & Management

The ultra-wealthy enjoy a lifestyle which calls for extensive domestic and international travel.

Ultra High Net Worth (‘UHNW’) individuals are the main players in the world’s private aviation market. While some frequently use commercial airlines, others may choose to charter private planes or have fractional ownership plans. However, for a portion of the UHNW population and their businesses, outright ownership, whether in their name or through their corporation, is an efficient and cost-effective solution to their increasingly busy schedule across multiple countries and time zones.

Through Vistra Horizon Associates provide a number of services to assist those individuals with ownership of their aircraft:

Assistance with Acquisitions

The first thing you should do when buying a private jet is choose a winning and knowledgeable team to advise you. Aircraft really are unique assets and the acquisition process requires various skills and knowledge of many areas including law, finance, personal tax, corporate tax, VAT and registration process, amongst others.

With many years of experience in the aviation industry Vistra can assist you, as well as support you via their global office network and contacts to lawyers, tax advisors and brokers specialised in the aviation industry

Vistra’s global footprint, and network, and experience make them a truly unique service provider – a first choice for any person venturing into the aviation industry, seeking a reliable service provider, always with a ‘can do’ attitude.

Services include:

Setup and Administration of Jet Structures

The aviation industry is subject to a number of regulations to protect the owner and customer. The choice of a structure depends on the aircraft, its use, VAT and further factors.

The registration of your private jet through a company protects your assets. However, it is commonplace that corporates set up special purpose vehicles to hold aircraft and lease them out to the other companies within the group. Vistra Marine and Aviation will be in position to set up the company and guide you in respect of the intricacies of setting up such an operation.

Jet Registration and Operation

A jet must have a national identity, evidenced by the registration of the jet with the register of the country to which that jet belongs. Like individuals of a country, nationality affords the jet the benefits of the transit and traffic rights contracted by the country in which the jet is registered. A jet must be registered and can only be registered in one country.

Currently, Vistra can register your jet in Malta, Isle of Man, Cayman Islands, Bermuda and the USA.

The operator of a jet is a crucial component of the ownership structure relating to jets in view of the complex regulatory regime existing in the aviation industry. Vistra are able to make all necessary introductions to operators in various jurisdictions depending on the needs of each of their clients.

Jet Registration and Operation

We assist private jet owners in the following matters:

TRUSTS

Foundations

Jersey Foundations

A Jersey foundation has some of the characteristics of both a company and a trust, which is attractive to those who are more familiar with a civil law jurisdiction. There are 4 main reasons to choose a Jersey Foundation outlined below.

Planning Vehicles 
The foundation is a flexible alternative to the traditional common law trust for tax and succession planning. It is particularly more appealing to those from civil law jurisdictions which have forced heirship provisions in their succession legislation.

Charity and Philanthropy 
Foundations may be incorporated and used for charitable or philanthropic purposes. As such they need not have beneficiaries, but instead a beneficial purpose.

Holding Assets 
To hold assets “off balance sheet”, to function as a succession planning vehicle. By placing assets in a foundation, founders can avoid the succession rules of their home state and can plan for the seamless devolution of family wealth in a tax neutral environment.

Owning Private Trust Companies 
Private trust companies may need to ensure that they have a neutral tax status for the purpose of acting as trustee of a trust receiving income/ gains. This can be achieved by a foundation owning the shares in the private trust company, which effectively “orphans” the private trust company.

Seychelles Foundation

It is particularly interesting for private clients resident in jurisdictions where the concept of the Anglo-Saxon trust is unknown. Foundations are bodies corporate – in effect companies without shareholders. A foundation focuses on the needs of the founder. The beneficiaries of the foundation lack the rights or protection of beneficiaries of trusts – unless the founder wishes to provide otherwise. The regulations of the foundation are contractual, unlike the equitable obligations which underlie the trust.

Holding Assets 
Seychelles Foundations can be used to hold assets “off balance sheet”.

Owning Private Trust Companies 
Seychelles Foundations can be used to hold shares in companies to protect specific individuals from disclosure as “ultimate controlling parties” under IFRS.

Tax Planning 
Seychelles Foundations can be used to function as a succession planning vehicle.

Holding Shares 
Seychelles Foundations can be used to hold shares in companies to protect specific individuals from disclosure as “ultimate controlling parties” under IFRS.

Horizon Associates Limited’s agent for Seychelles Foundations are licensed and regulated by the Seychelles Financial Services Commission.

Family Office.

What are family investment companies and how do they work?

The parents form a company limited by shares. They own one ‘A’ share each. Each ‘A’ shareholder has the right to appoint one director, and the right to vote at general meetings, but they have no entitlement to dividends or any return of capital. The children have one ‘B’ share each. These ‘B’ shares have no voting or other ‘control’ rights but full entitlement to any dividends or return on capital (which must be approved by the parents).

The parents typically fund the company by way of loan. The company (under the control of the parents) acquires assets – anything from property, cars, art, trading companies etc. which generate a return. Income is either re-invested within the company, or is used to repay the parents’ loan. Any underlying capital value grows in the children’s name.

What are the tax considerations?

In simple terms, profit on an investment held in a company will be taxed at corporation tax rates, which may be up to 25% lower than if held in an individual’s hands. That is another of the main attractions of an FIC. They allow wealth to be passed to the next generation without IHT as value is passed on creation (although the seven year survivorship rule may apply where FIC shares are gifted).

Company expenses (eg. advisors’ fees, interest, loan repayments etc.) may reduce the corporate tax bill. Capital gains on the disposal of assets would fall to corporation tax rates which are likely to be lower than the applicable personal tax rates. Companies may still have the benefit of indexation allowances which are not available to individuals. It may be possible for the initial loan to the company to be repaid tax free. Dividends received in a group structure may be payable to holding company without tax.

Note though the transfer of an asset into an FIC may attract CGT for the transferor; depending on the CGT position, it would generally be more effective for the FIC to acquire assets itself, funded by a loan.

It is important that tax advice is sought early on as this will play a significant part of any FIC structure. However, in general terms the tax provisions are most beneficial if the income and capital is held within the company for a long period of time.

How is control maintained?

In the earlier example, the ‘A’ shareholders have absolute say on what the company does, what it invests in, and how any return on investment is applied. No ‘B’ shareholder has any right over this. This control regime would on the face of it survive the parents’ separation or divorce. However, the parents may want to consider appointing a third director between them – the sort of person who may be a trustee or guardian who would act in the children’s best interests, to ensure a voting majority can be achieved. The ‘A’ shareholders can equally appoint professionals to advise/manage the investments on their behalf – but the underlying control dynamic (from the children’s perspective) is unaffected by this.

Other key control measures would include restrictions on the appointment of directors and transfers of shares. These would typically be contained in the company’s articles of association. The articles also allow flexibility over changes to voting, income and capital and the issue of redeemable shares which may be useful as the children get older and may have some need to access funds.

Legal considerations

Setting up a company limited by shares can be achieved quickly and inexpensively. Most of the key provisions relating to directors, voting and control, and share class rights can be set out in the articles of association. As the articles are a public document (they are filed at Companies House, and available for inspection by anyone on the Companies House website), any sensitive provisions can be set out in a separate shareholders agreement.

The directors of an FIC would be subject to the usual statutory obligations, and, as with any other company, it is the responsibility of the directors to ensure that these obligations are complied with. So, for instance, annual filings will have to be made at Companies House and statutory registers maintained, but these should not be significant burdens for a simple company limited by shares.

Legal considerations

What our clients say about us

Some of our clients shared their experience

Brent has looked after my investment plans for the past 9 years. His advice has always been up to date, and he has consistently provided me suggestions to swap funds according to the prevailing markets. Brent listens to my opinions regarding investment priorities, but I tend to follow his experienced lead when it comes to fund reallocations. He is always professional and genuinely takes into consideration my requests regarding risk profiles and investment funding.

Horizon took over the handling my private pension fund 4 years ago after years of my previous company mis-selling and badly advising me, which resulted in dire performance.
From the very first meeting, Horizon were honest and frank about where the problems were and what was needed to get the policy back on track, and true to their word, even in a very unpredictable and volatile environment, it has now made more in the short time I have been using them than in the entire time with my previous company...the figures don't lie. Additional to this, Horizon were also available, very communicative and professional at all times, which leads me to not hesitate in recommending them to anyone.

Horizon have managed my investments for the past 9 years and have always given me the best advise and kept me up to date with my investments.
Not only do I consider the company to be great, I class my adviser as a true friend with my best interest at heart.

When your investment portfolio is handled by experts, and year after year produces positive results, you know you are with a professional company. Throughout challenging times Horizon Associates has consistently kept me well informed, offering expert advice and guidance.
Their expertise and up to date knowledge have always ensured that my investment has been steered through the correct funds, to achieve the maximum results.
Horizon is always informative, courteous and proficient. I highly recommend them.

I approached Brent in March 2012, to sort out my pension and portfolio. He has been very helpful since that time, coming to my house (at a time convenient to me) for quarterly reviews, which are both enjoyable and productive. Brent, and now as Horizon have not only managed to deliver my annual pension in a timely manner but have also managed to grow the pot that provides it consistently over time (even during these times of uncertain markets). I have recommended Horizon to my family and friends and will continue to do so.

Horizon has given us financial advice and managed our portfolio for many years. Through the financial crisis and the pandemic and we have great returns from our investments as well as avoiding the Laiki losses etc. Always efficient and easy to work with.

"Being an actuary, I always thought I was doing the right thing with my pension, but then I came across Brent and found out that for years I wasn't getting the best deal possible! It's indeed a tough job to build your pension funds successfully and a lot of people don't know where to turn. Brent and Horizon have been a great help for me making it extremely easy to invest in my future with their professional approach and tools. I have now been invested for 7 years with Horizon and Brent has helped me set up my UK pension plan in the best way possible. He is really an amazing person to work with and I feel secure knowing that he and Horizon are my financial partners!”

Horizon have managed our investment portfolio for the past 8 years, through some challenging economic changes. Their advice has always been first class and consistently provided us with a balanced and educated analysis of prevailing markets. Equally, Horizon take on board our opinions regarding investment priorities and go out of their way to understand our changing circumstances. Always courteous, always professional. A good friend.

Horizon Associates have served me well as my investment advisor since 2012. Brent has a good awareness of the current market conditions and the fit to my retirement goals. His ideas are well founded and he has been very attentive to my needs. Good communication is consistent even though we are now very distant geographically. I highly recommend Horizon-Associates.

We have been dealing with Brent for almost a decade.
He has proven repeatedly that he keeps his ear to the ground, having advised and guided us through terrible times and thus saved our hides.
Over and above this, he is always efficient and prompt, polite and professional.
We would readily recommend Brent with the greatest confidence.

When I arrived on Cyprus for my retirement, I had quite a lot of money from selling a house and, as yet undrawn pensions. I needed a Financial Adviser to set me up for retirement income. I used several firms over a period of five or six years without a satisfactory result or good working relationship. In fact, I quickly found out that I was more interested in me than they were and that I began to know more than they did. My problem was how I separated myself from these “Commission Chasers” and find someone who I could trust and who knew what they were doing. Thus far Horizon have demonstrated a command of all that was missing before, over at least a ten year period. I have to confess to myself that I wish I had started here and avoided an expensive “Learning Experience”. It is actually fun to work together to get the desired result and to recommend Horizon to others who have been through my “Learning Curve.

BM Horizon Associates Ltd Privacy Policy

 

BM Horizon Associates Limited (Cyprus) is a privately owned company. The Horizon Associates website provides information for European based residents which is non-regulated and for non-European residents which is regulated. For Non-EU business, Horizon Associates offer Investment Advice and Insurance Brokerage services to applicable jurisdictions via Financial Services Network Ltd, regulated by the Mauritius Financial Services Commission License No. C116016070. www.fsn-ltd.com. Horizon Associates partnership and data sharing agreement with Financial Services Network Ltd ensures any Non-EU personal data sharing is protected via third party data sharing agreements containing European Commission approved Standard Contractual Clauses.

 

Risk Warning: Any investment in financial instruments entails substantial risks, the degree of which depends on the nature of each investment, and may not be suitable for all investors. The value of any investment may increase or decrease in value and investors may lose all their invested capital.

 

This privacy policy will explain how our organisations use the personal data we collect from you when you use our website or become a Horizon Associates client. 

 

What data do we collect?

Horizon Associates shall collect and process personal information necessary to fulfil legal and regulatory requirements for the provision of Horizon Associates services and to improve our services to you. Horizon Associates gathers personally, identifiable information that may be used, either alone or in combination with other information, to personally identify, contact or locate you and may in certain circumstances, share information with third parties which will help Horizon Associates to construct a profile based on your requirements and preferences to provide our services effectively.

 

Such information shall include: 

  • Information about you that you give us by filling our client forms/agreements, or by corresponding with us by phone, e-mail, in person or otherwise. It includes information you provide when you choose to use our services, participate in any company event and when you send any information to us under any capacity. The information you give us may include your name, address, e-mail address and phone number, financial information, personal description and photograph.
  • Information we collect/receive from other sources about you if you use any of the services we provide and/or professionals we partner with. We are working closely with third parties including, for example, business partners, brokers, vendors, insurers, platforms, fund houses, trustees, search information providers, credit reference agencies. Such partnerships will be notified to you in the beginning or during the course of our relationship and the extent to which such partnerships are required to provide our services to you, such notification can be in the form of additional application forms of such partners or access to their website/platform and in such case shall be covered by GDPR in their own right as applicable.

In order for Horizon Associates to provide the most appropriate financial services and products to you Horizon Associates have data sharing agreements with the following companies, and your personal data may be shared securely with them:

API Global Ltd, SkyBound Wealth Management, Global Residential FZCO, IP Global Ltd, Cypeir Properties Ltd, Moennez Holdings Limited, CPZ Property Limited, Vistra Group, UK Legal Wills.

 

As a client you are responsible for the true and accurate nature of the personal information you provide to Horizon Associates. Your personal information and/or data shall be checked when it is collected and at regular intervals thereafter, if any personal information is found to be inaccurate or out-of-date, all reasonable steps will be taken without delay to amend or erase that data, as appropriate. You are required to keep the company informed of any changes in personal information by emailing our Support Department at admin@horizon-associates.net.

Use of your Personal Data

Horizon Associates uses your personal information only as legitimate interest for the performance of our services to you, to improve our services, and enable us to inform you of any additional products, services or promotions relevant to you and in this respect. If you no longer wish to receive any promotional communication, you may opt-out of by contacting Horizon Associates via the Contact us page on the Company’s website or send an email to our Support Department at admin@horizon-associates.net.

 

Protection and Security of Personal Data

Horizon Associates does not sell, license or lease to anyone clients’ personal data, except as described in this Privacy. Horizon Associates has implemented appropriate measures to protect personal data from accidental loss, unauthorised or unlawful access or processing or destruction. Horizon Associates employs physical, electronic, and procedural safeguards to protect personal data and it does not store personal data for longer than is necessary for the provision of services or as permitted by the applicable regulations in accordance with Article 5 of GDPR – Principals relating to processing of personal data. We limit access to your personal data to those who have a genuine business need to access it. Those processing your information will do so only in an authorised manner and are subject to a duty of confidentiality.

The Personal Data we collect from you is stored locally at our servers and/or on cloud servers within the EU, Certain email communications and/or data transmitted to us over email and/or other means of electronic transfer of documents may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may also be processed by third parties operating outside the EEA which work for us, where any personal data is transferred outside of the EEA Horizon Associates have data sharing agreements in place which contain the necessary Standard Contractual Clauses to ensure the security of your personal data. By submitting your personal data, you agree to this transfer, storing or processing. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this privacy policy and GDPR, especially in instances where data will be transferred to, and stored at, a destination outside the EEA.

Horizon Associates also informs you to maintain confidentiality and not share with others your usernames and private passwords (“credentials”) or as provided by Horizon Associates. You are responsible for keeping your credentials confidential. We ask you not to share your credentials with anyone.

The transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data when you transmit this to us; any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features to try to prevent unauthorised access.

We have also implemented procedures to deal with any suspected data security breach. We will notify you and any applicable regulator of a suspected data security breach where we are legally required to do so.

 

Disclosure of your Personal Data

You agree that we have the right to share your information with selected third parties we use to help deliver our products and/or services to you including:

  • business partners, brokers, vendors, insurers, platforms, fund houses, trustees, search information providers or any other third party required for the performance of any contract we enter into with them or you;
  • credit reference agencies and/or banking and financial institutions and/or auditors for, among others, the purpose of assessing your financial information (where this is a condition of us entering into a contract with you).
  • Law enforcement agencies and regulatory bodies such as Mauritius Financial Services Commission and/or the Police for the purposes of complying with local and international regulations against money-laundering, fraud and the general prevention of crime and illegal activities.
  • analytics and search engine providers that assist us in the improvement and optimisation of our site;

We will disclose your personal information to third parties:

 

  • In the event that this is necessary for the delivery of our products and/or services to you (for example by using appropriate and compliant IT systems that transmit financial information and/or orders and/or execute payment and/or other financial transactions);
  • If we are under a duty to disclose or share your personal data to comply with any legal and/or regulatory obligation, or to enforce or apply our terms of use and other agreements, or to protect the rights, property, or safety of us, our clients or others. This includes exchanging information with other companies and organisations for the purposes of fraud protection, anti-money laundering and credit risk reduction;
  • If we or substantially all of our assets are acquired by a third party, in which case personal data held by us about our clients will be one of the transferred assets. Should this happen you will be given the option to opt out of this data transfer;

We only allow the third parties we work with to process your personal information if we are satisfied, they take appropriate measures to protect your personal information. We also impose contractual obligations on our selected third parties to ensure they can only use your personal information to provide services to us and to you.

 

Your rights

Under Chapter 3 of the GDPR, you have the following rights, which we will always work to uphold:

 

  1. Access – The right to be provided with a copy of your personal data, together with information regarding the processing of your data.
  1. Rectification – The right to request rectification of any inaccurate or incomplete personal data we hold about you.
  1. To be forgotten – The right to request erasure of your personal information based on legitimate grounds and where there is no good reason for us to continue to process or archive it.
  1. Restriction of processing – The right to restrict the processing of your personal data, based on legitimate grounds or in the event that your contest the accuracy of the data, we no longer need to process or archive your data.
  1. Data portability – The right to receive the personal data you provided to us, in a structured, commonly used and machine readable format and/or transmit that data to another controller, where technically feasible.
  1. Objection – The right at any time to object to your personal information being processed for direct marketing (including profiling) or other automated individual decision-making.
  1. Withdrawal of Consent – The right to withdraw consent at any time where consent shall not affect the lawfulness of processing based on consent before its withdrawal. Prior to giving consent, the data subject shall be informed thereof.
  1. Complaint – The right to lodge a complaint regarding the processing of your personal data. Our details can be found in the General Information Section of this Policy. If you feel that your concerns have not been adequately addressed by us, you
  1. have the right to lodge a complaint with the Office of the Commissioner for Personal Data Protection in Nicosia, Cyprus. (http:// www.dataprotection.gov.cy)

The right to access the information held about you, under certain conditions, may be subject to a fee of €25 to meet our costs in providing you with details of the information we hold about you. We shall aim to comply with requests for access to personal information as quickly as possible and will ensure that we comply with legislation unless exceptions apply. In such cases, the reason for any delay will be explained in writing to the data subject making the request. In processing a request, the identity of the data subject will need to be verified before information will be released. No personal data will be disclosed to a third party without the written consent of the data subject.

We reserve the right to refuse repeated/vexatious requests.

Further information about your rights can also be obtained from the Office of the Commissioner for Personal Data Protection in Nicosia, Cyprus.

Use of “Cookies”

Cookies are small pieces of information which use a unique identification tag and are stored on your computer, mobile device or any other device as a result of using the Horizon Associates website or other services the Company provides. Cookies are used to assess and improve the performance of our website and its products and services offered. Cookies are normally accepted automatically, however, you can refuse to have cookies stored on your device or if available, change the settings of your browser to refuse all cookies, and/or have your device notify you each time a cookie is sent to your device.

 

For more information about cookies, you may refer to the Company’s “Cookie Policy” available on our website.

 

Privacy policies of other websites

The Horizon Associates website contains links to other websites. Our privacy policy applies only to our website, so if you click on a link to another website, you should read their privacy policy. 

 

Changes to our privacy policy

Horizon Associates keeps its privacy policy under regular review and places any updates on this web page. This privacy policy was last updated on 21st August 2023.

 

How to contact us

If you have any queries regarding this policy or the use of your personal data including making a request for access, please contact us via the Contact us page on the Company’s website or by email to our Support Department at info@horizon-associates.net or by telephone +357 25 312196 or by mail to our registered office BM HORIZON ASSOCIATES LIMITED 2 Markou Drako, Pano Kivides Limassol, 4715 Cyprus..

 

How to contact the appropriate authority

Should you wish to report a complaint or if you feel that Horizon Associates has not addressed your concern in a satisfactory manner, you may contact the Office of the Commissioner for Personal Data Protection at commissioner@dataprotection.gov.cy.

 

Cookie Policy

This Cookie Policy explains what cookies are and how we use them, the types of cookies we use i.e, the information we collect using cookies and how that information is used, and how to control the cookie preferences. For further information on how we use, store, and keep your personal data secure, see our Privacy Policy.

 

You can at any time change or withdraw your consent from the Cookie Declaration on our website
Learn more about who we are, how you can contact us, and how we process personal data in our Privacy Policy.
Your consent applies to the following domains: staging.horizon-associates.net

 

What are cookies ?

Cookies are small text files that are used to store small pieces of information. They are stored on your device when the website is loaded on your browser. These cookies help us make the website function properly, make it more secure, provide better user experience, and understand how the website performs and to analyze what works and where it needs improvement.

How do we use cookies ?

As most of the online services, our website uses first-party and third-party cookies for several purposes. First-party cookies are mostly necessary for the website to function the right way, and they do not collect any of your personally identifiable data.

 

The third-party cookies used on our website are mainly for understanding how the website performs, how you interact with our website, keeping our services secure, providing advertisements that are relevant to you, and all in all providing you with a better and improved user experience and help speed up your future interactions with our website.

What types of cookies do we use ?

Essential: Some cookies are essential for you to be able to experience the full functionality of our site. They allow us to maintain user sessions and prevent any security threats. They do not collect or store any personal information. For example, these cookies allow you to log-in to your account and add products to your basket, and checkout securely.

 

Statistics: These cookies store information like the number of visitors to the website, the number of unique visitors, which pages of the website have been visited, the source of the visit, etc. These data help us understand and analyze how well the website performs and where it needs improvement.

Marketing: Our website displays advertisements. These cookies are used to personalize the advertisements that we show to you so that they are meaningful to you. These cookies also help us keep track of the efficiency of these ad campaigns.
The information stored in these cookies may also be used by the third-party ad providers to show you ads on other websites on the browser as well.

Functional: TThese are the cookies that help certain non-essential functionalities on our website. These functionalities include embedding content like videos or sharing content of the website on social media platforms.

Preferences: These cookies help us store your settings and browsing preferences like language preferences so that you have a better and efficient experience on future visits to the website.

The below list details the cookies used in our website.

COOKIEDESCRIPTION
cookielawinfo-checkbox-analyticsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category “Analytics”.
cookielawinfo-checkbox-functionalThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category “Functional”.
cookielawinfo-checkbox-necessaryThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category “Necessary”.
cookielawinfo-checkbox-othersThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category “Other.
cookielawinfo-checkbox-performanceThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category “Performance”.
viewed_cookie_policyThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

 

How can I control the cookie preferences ?

Should you decide to change your preferences later through your browsing session, you can click on the “Privacy & Cookie Policy” tab on your screen. This will display the consent notice again enabling you to change your preferences or withdraw your consent entirely.

 

In addition to this, different browsers provide different methods to block and delete cookies used by websites. You can change the settings of your browser to block/delete the cookies. To find out more about how to manage and delete cookies, visit wikipedia.org, www.allaboutcookies.org.

Disclaimer

For Non-EU business, Horizon Associates Ltd offers Investment Advice and Insurance Brokerage services to applicable jurisdictions via Financial Services Network Ltd, regulated by the Mauritius Financial Services Commission License No. C116016070. www.fsn-ltd.com

Disclaimer: This Website is for information purposes only and should not be regarded as an invitation or inducement to engage in financial services, the information contained on this Website is not intended to be an offer to buy or sell securities.  We give no representation, warranty or guarantee as to the accuracy, correctness or completeness of such information or as to the tax or legal consequences of any related transaction.

Risk Warning: Any investment in financial instruments entails substantial risks, the degree of which depends on the nature of each investment, and may not be suitable for all investors. The value of any investment may increase or decrease in value and investors may lose all their invested capital.

FEES

If you have an existing product or portfolio and you would like Horizon to become your new advisor, a simple transfer of agency would accommodate this. Horizon would then provide portfolio management which would include quarterly reviews. Horizon charge 1% per annum per portfolio, deducted quarterly.

 

For more complicated arrangements & multiple product portfolios, a research, analysis and administration fee may be charged.

Private client fees are set and agreed in advance for structured arrangements and are typically a 1% arrangement fee (Subject to man hours and complexity).

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