{"id":696145,"date":"2026-04-26T00:00:00","date_gmt":"2026-04-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=696145"},"modified":"2026-04-26T02:53:05","modified_gmt":"2026-04-26T02:53:05","slug":"does-28-april-mark-the-official-end-of-londons-egyptian-family-offices","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/26\/does-28-april-mark-the-official-end-of-londons-egyptian-family-offices\/","title":{"rendered":"Does 28 April mark the official end of London\u2019s Egyptian family offices?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nassef Sawiris\u2019 departure from the UK and the shuttering of the <\/strong><strong>London branch of his private investment firm NNS Group got ink in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-24\/billionaire-sawiris-shutters-london-family-office-after-uk-exit\" style=\"\">Bloomberg<\/a><\/strong><strong> over the weekend<\/strong><strong>. <\/strong>The OCI Global executive chair and Aston Villa FC majority shareholder\u2019s decision to close the branch follows an earlier decision to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/06\/nassef-sawiris-uk-exit-for-italy-catches-the-attention-of-the-foreign-press\/\" style=\"\">move his residency to Italy and Abu Dhabi<\/a> following changes to the UK\u2019s non-domiciled tax status that had initially made foreign income and gains tax exempt providing it didn\u2019t enter the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sawiris isn\u2019t the only high net worth individual \u2014 or Egyptian for that matter \u2014 to <\/strong><strong>relocate to more tax-friendly jurisdictions<\/strong>, with Mansour Group and Man Capital Chairman Mohamed Mansour also <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/21\/mohamed-mansour-mansour-group-say-goodbye-to-london\/\" style=\"\">deciding to end his residency in the country last year<\/a>. Mansour\u2019s move came despite his prominence in the country that saw him receive a knighthood and serve as the senior treasurer of the Conservative Party.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s third richest man also decided to vacate the UK capital last year on the back of tax changes impacting high net worth individuals<\/p>\n","protected":false},"author":1,"featured_media":696146,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[2386,72,65,3388,12655],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-696145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","tag-investment","tag-nassef-sawiris","tag-nns-group","wpautop","entry"],"acf":{"mongo_id":"a90a4d5d-df96-4487-82dc-37a16a64c6a6","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/3\/375.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Nassef Sawiris in search of greener, tax-friendlier pastures","related_issue":[696127],"teaser":"Egypt\u2019s third richest man also decided to vacate the UK capital last year on the back of tax changes impacting high net worth individuals"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Does 28 April mark the official end of London\u2019s Egyptian family offices? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/26\/does-28-april-mark-the-official-end-of-londons-egyptian-family-offices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does 28 April mark the official end of London\u2019s Egyptian 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