Content on a range of topics from our knowledgable team of professionals.
The Government of Jersey has a long-standing commitment to Jersey being a well-regulated international finance centre, which complies with international standards in transparency. Such an approach can confuse clients as to the applicability of EU legislation to Jersey.
For prospective superyacht buyers in the Middle East, having the right advice before making your purchase particularly important. The legal rules and fiscal regulations around yacht ownership and management are complex in Europe, especially when compared to the relatively low tax GCC jurisdictions. This article examines some of the key points that should be considered by Middle East clients.
Corporate employers impacted by the Covid-19 pandemic are understandably looking to conserve cash in their businesses and simultaneously incentivise their employees who have adjusted to new working patterns. How could a SIP help?
One of the UK’s leading share plans lawyer and tax barrister, David Pett of Temple Tax Chambers, explains what Joint Share Ownership Plans are and the differences between unapproved plans, as well as the wider tax considerations.
Global crises, like that presented by COVID-19, cause economic shockwaves around the world. They pose serious challenges to businesses across all sectors and geographies, including how to keep employees engaged in challenging times? And, how to ensure that they are incentivised to outperform in the future?
With the world is going through a period of considerable uncertainty and minds tend to get focused on the need to plan for eventualities in future. In the context of families, this means considering what needs to be done to protect and preserve the legacy of the family business and their wealth. In this article, we take the opportunity to explore the potential benefits of structuring as well as sharing some insights drawn from recent and current client experience in the Middle East.
Corporate accountability has grown significantly over recent years and never has being a good corporate citizen ever been so important as it is today. What about if a company is engaged on a project seeking to derive benefits from natural resources, or to build infrastructure such as transportation networks or provide other significant technology as part of a Government’s investment and fulfilling its national strategy?
We're six weeks into 2020 and Brexit has happened. So now what do Jersey Financial Services and it's clients need to consider? It's time to look ahead to the rest of 2020 (and beyond) and consider what changes are on the horizon. However, whether anyone can truly do so with the clarity of 20/20 vision is questionable. What we do know is that the world in which our clients and we operate in continues to be one of uncertainty.
Spending time aboard your own luxury superyacht anchored in a secluded and sheltered spot provides the perfect scenario for relaxing and spending time with friends and family. However, this perfect scenario can quickly become a nightmare if the owner has not considered the technical, tax and VAT regulations in relation to the ownership and use of their yacht.
Many people still seem to associate the use of offshore trusts solely with tax planning. However, the reality is that offshore trusts now offer much more than that.
Based on research conducted in November of last year by Hubbis, in conjunction with Jersey Finance, there is an estimated USD 1 trillion due to be passed down in the next decade from older Middle Eastern patriarchs and matriarchs to the younger generation.
For entrepreneurs of the 60’s & 70’s, it's time to stop and think about how they wish their legacy business to continue in the future in terms of continuation, capabilities and desire of the next generation to take over the family business.
Establishing a Trust in Jersey is relativity simple, but one of the most commonly asked questions Fiduchi receives is 'how do I establish a Trust in Jersey?'.
The Crown Dependencies, including Jersey, have all committed to bringing in legislation regarding economic substance in 2019. Fiduchi's Director of Operations Paul Coundley looks at one requirement of the legislation.
Protecting clients and their rights have been the focus of regulators across a range of industries for many years. None more so than in the financial services industry. The financial crisis brought to the fore the importance of how firms in the financial services industry manage clients and their assets.
Paul Coundley examines what makes Jersey and Fiduchi so appealing for international clients and their businesses look for a safe harbour in these uncertain times.
A brief Q&A with Terry Northcott on Jersey International Savings Plans and why these schemes are proving popular.
For most entrepreneurs, it has become vitally important that the successive generations do not dissipate the wealth accumulated over a number of years.
There are many reasons why a private individual or corporate entity might incorporate a company in Jersey. Paul Lees Head of Private Client explains the advantages and uses for incorporating a company in Jersey, as well as the varying types of companies that can be created.
Cell companies offer many benefits, but what are these? Moreover, why would you want to use a cell company in the first place? These are some of the questions answered by Fiduchi's Associate Director of Corporate Services Terry Northcott.
Does a Foundation always have a charitable purpose? What are its uses? and what should you consider before deciding if it is right for you? This article explains some of the commonly asked questions.
Jersey Limited Partnerships have become favoured vehicles for any enterprise or group of individuals that require flexibility, privacy, limited liability and the ability to return capital easily to investors. In this article we examine the four different types of Limited Partnerships and their legal variations.
What is a Private Trust Company? Why would you use one, and what are the other considerations around a PTC? These are some of the questions answered in this helpful article.
Clients are often advised to set up trusts as part of their wealth planning arrangements but for some, an offshore trust may hold a certain mystique. The purpose of this article is to explain some of the basics in establishing a trust together with the potential benefits that may be available.
As future information requirements are identified, so we will look to engage with clients and their advisors as much as we are able, or legislation and regulations allow.
A Jersey Private Fund ("JPF") is a simple and highly flexible fund product that will be of interest to promoters who are looking to launch funds for groups of investors where a fully-regulated product might not be necessary or appropriate.
The modern day “Family Office”….What is it?...How should it be defined?...
International initiatives regarding transparency and beneficial ownership mean that the landscape is changing particularly for the Jersey Company.