Family Office Setup in GMC: Legal Advisory

A family moving capital to the Gelephu Mindfulness City Special Administrative Region (GMC) gets a USD-denominated, common-law jurisdiction with a 15% corporate rate, a 0% rate for non-citizen individuals until 31 December 2030, and a statutory family-owned investment holding company exemption in the Income Tax Act 2025. Basnet Law designs and establishes family office structures in GMC.

Choose the holding and management vehicles: a private company under the Companies Act 2025, a limited partnership under the Limited Partnerships Act 2026 or an LLP under the Limited Liability Partnerships Act 2026.

Analyse whether the family office needs a GFSO licence for Managing Assets under the Financial Services Act 2025 or falls within the group and joint enterprise exclusion.

Draft constitutions and partnership agreements with family governance, succession and control provisions.

Satisfy the resident director requirement of the Companies Act 2025 and, for an LLP, the resident manager requirement of the Limited Liability Partnerships Act 2026.

Advise the family on the 13T exemption once it commences, including the related-shareholder and investment-holding tests.

Advise on work passes for family members and staff, the personal tax position of non-citizens, and the approved donor deduction.

International families establishing a single family office with a GMC base. Principals relocating and wanting a compliant holding structure before the 2030 windows close. Family businesses planning succession through GMC vehicles.