Ensuring Sustainability of Health Tourism
Through Investment
Globalization & Health Tourism
With the advent of globalization, the world has
shrunk into a global village. Countries now appear
closer than they have ever been.
Health tourism is exciting, dynamic, and growing.
Every day, there are new medical breakthroughs
and procedures; new countries and facilities.
Worldwide demand is helping the Health Tourism
industry blossom at a fantastic rate.
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How big is the Health Tourism Industry
According to a new market report published by Transparency Market
Research, the Global Health Tourism market was valued at USD 10.5 billion
in 2012 and is estimated to reach a market worth USD 32.5 billion in 2019 at
a CAGR (Compound Annual Growth Rate) of 17.9% from 2013 to 2019
According to a recent study for the development of Health Tourism in
Greece, the country can obtain the next three to five years 100,000
patients, with economic benefit 400 million, while in ten years Greece will
be able to generate revenue of two billion, with the presence of 400,000
patients.
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One letter difference . . .
Health and Wealth
HellasFin Global Wealth Management
Ensures health wealth
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What is Health Tourism
Very simply and clearly, Health Tourism is:
“Health--related Services involving some Travel”
“Health
It is a “catch all term” for 8 Health-related Tourism Segments.
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1.
Medical Tourism
2.
Dental Tourism
3.
Spa Tourism
4.
Wellness Tourism
5.
Sports Tourism
6.
Culinary Tourism
7.
Accessible Tourism
8.
Assisted Residential Tourism
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What is Wealth Management
Wealth management refers to specialized services provided to meet
the wealth planning, investing & financial management needs of
Wealthy & High Net Worth individuals.
The characteristics of Wealth Management
1. The uniqueness of relationship between the WM & the
client. It is all encompassing in terms of the financial needs,
values & priorities of the Client.
2. The range of products & services provided to WM clients
from estate planning, tax strategy to liability management &
Alternative investment products.
3. Understanding the specific goals/objectives of wealthy
clients.
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HF / The Company
HF Global Wealth Management is an innovative and dynamic independent
institutional investor in the field of investment services in the worldwide market.
The company was established in 1999 with headquarters in Thessaloniki and
branches in Athens & Crete.
HF provides specific expertise in Wealth Management through Investment Advisory
and Portfolio Management in globally diversified portfolios in accordance to the
needs and the investment profile of each individual client.
HF Global Wealth Management offers the following services to the clients :
Advisory Wealth Management (HF-AWM)
Discretionary Wealth Management (HF-DWM)
Additional Services
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Tax Planning
Estate Planning
Fund Management
Corporate Finance
Research
Global Dealing & Custody
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HF AUMs from HNWI
From 1999 – 2013: 230mil €
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Our Custodians
The HF client has the option and therefore the advantage of
being able to use one or more custodians from the European
jurisdiction, that is best suited for their investment needs.
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Who are the investors of Health Tourism &
What are the areas of Investment
Investors
1. Real Estate Investment Funds and
Trusts focusing on the Healthcare
Sector
2. Private Equity Firms
3. Special Purposes Funds
4. Property Developers
5. HNWI & UHNWI
6. Public Sector (Unfortunately with
little chance in Greece)
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Areas of Investment
Integrated Health Resort
Wellness Programs Abroad
Assisted Residential Tourism
Hospital & Clinics targeting the
Medical Tourist Market
Accessible Tourism (for all those
with health maintenance and
support needs)
Culinary Tourism ( the trend based
in traditional Mediterranean cuisine
for the health conscious)
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New investment tools through
Athens Exchange (1)
Closed-end Investment Companies (CICs) & Closed-end Mutual
Funds (CMFs)
CICs & CMFs can invest in both listed and non-listed companies, of different
maturities, with big tax advantages, e.g.
• Start-up and seed capital phase
• Subsequent growth phase
• CMFs, can typically, concentrate on a specific industry or investment theme
Investment Companies with Variable Capital (ICVCs)
ICVCs are extremely tax efficient Greek companies, with registered shares and
can invest in both listed and non-listed companies.
Venture Capital Companies (VCCs) - Greek companies, with registered
shares and Venture Capital Funds (VCFs) - Greek closed end collective
investment schemes
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New investment tools through
Athens Exchange (2)
Real Estate Investment Companies (REIC - AEAAΠ)
REIC is a business entity with the sole purpose of : Acquiring, managing and
investing in real estate
REICs are obliged by Greek law to get listed on the Athens Stock Exchange
within 2 years after their establishment
With very Favorable Tax benefits
10% of [ECB reference rate +1%], thus 0,15% of the value of the real estate
properties and the available funds. REIC does not pay the current 20% tax upon
company profits but only a 0,15% of the total assets.
0,1% annual tax on the real estate “objective value”
When buying a property REIC will not pay the Greek Purchase Contribution Tax
With NO further income tax liability for shareholders.
Dividends received by shareholders are exempt of Greek Withholding Tax
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HellasFin is planning to establish
a Greek REIC
Real estate is an important asset class for many of HellasFin’s
customers. HellasFin has conducted a research among its clients
and found that there is a clear need for professional management
of properties, diversification of the portfolio of real estate assets
and proper tax planning.
HellasFin believes the best vehicle to invest in this asset class is
the establishment of a REIC, under the management of HellasFin.
After the completion of the business plan and the formation of
the strategy of the REIC, potential investors will be informed. The
initial capital will be provided by existing customers, which will
contribute either cash or carefully selected real estate properties,
as Health Tourism Properties.
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The Role of HellasFin in
Health Tourism Development
We all know, that only the private sector can truly assist in the
development of Health Tourism in Greece
HellasFin has
the knowledge,
the experience,
the ability,
the resources,
the tools
to transform successful ideas with capable leadership and
Know How, in credible business plans that will yield profits to
investors
We are HERE to meet YOUR investment needs
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Thessaloniki, Greece
Athens, Greece
Headquarters
90, 26th October Str. P.C. 546 27
Porto Center Offices, Section B2
Tel. : +30 2310 517800,
Fax : +30 2310 515053,
Contact Person:
Konstantinos VENIANAKIS
Relationship Manager
[email protected]
Branch office
1A Lykavitou Str., Kolonaki,
P.C. 106 72
Tel. : +30 210 3387710,
Fax : +30 210 3387724
Contact Person:
Konstantinos VLACHOPOULOS
Branch Manager
[email protected]
Thank you..!