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Articles

Content on a range of topics from our knowledgable team of professionals.

Owning a Superyacht in the Middle East

Owning a Superyacht in the Middle East

A guide for Middle East buyers and owners

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.

Published:
July 14, 2020
Services area:
Yachts
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Using a Share Incentive Plan (SIP) to conserve cash, avoid redundancy and incentivise employees during Covid-19

Using a Share Incentive Plan (SIP) to conserve cash, avoid redundancy and incentivise employees during Covid-19

Why a SIP during the Covid-19 pandemic could be the right answer for employers

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?

Published:
July 10, 2020
Services area:
Employee
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Understanding Joint Share Ownership Plans (JSOPs)

Understanding Joint Share Ownership Plans (JSOPs)

The differences between ‘unapproved’ employee share options and ‘joint share ownership’ awards (“JSOPs”) from a tax perspective.

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.

Published:
June 23, 2020
Services area:
Employee
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How to Drive Employee Productivity in a Crisis

How to Drive Employee Productivity in a Crisis

Employee Incentive Plans

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?

Published:
May 19, 2020
Services area:
Employee
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A Time to Focus Minds

A Time to Focus Minds

Family & Business Planning in the Middle East

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.

Published:
April 27, 2020
Services area:
Private Client
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The Accountability Challenge

The Accountability Challenge

How good corporate governance can assist in being a good corporate citizen and overcoming this challenge.

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?

Published:
April 6, 2020
Services area:
Corporate
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2020 Vision

2020 Vision

Can we see the future so clearly?

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.

Published:
January 31, 2020
Services area:
Business
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Dispelling the Myths of Superyacht Ownership

Dispelling the Myths of Superyacht Ownership

What should potential new Superyacht buyers consider before making their big purchase.

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.

Published:
November 12, 2019
Services area:
Yachts
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6 Reasons For Using A Trust

6 Reasons For Using A Trust

Examining the advantages for personal and commercial financial planning.

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.

Published:
October 7, 2019
Services area:
Private Client
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Middle East Family - Passing the Business & Power Down to the Next Generation

Middle East Family - Passing the Business & Power Down to the Next Generation

Middle Eastern entrepreneurs from the 60’s & 70’s should think about how they wish their legacy business to continue in the future?

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.

Published:
September 4, 2019
Services area:
Private Client
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The Family Business – Passing Power Down to the Next Generation

The Family Business – Passing Power Down to the Next Generation

Is it time to stop and think about how Asian entrepreneurs of the 60’s & 70’s wish their legacy business to continue in the future?

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.

Published:
June 26, 2019
Services area:
Private Client
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Establishing a Trust in Jersey in 8 easy steps

Establishing a Trust in Jersey in 8 easy steps

Understanding the various different types of trusts available and what's required to establish one.

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?'.

Published:
May 8, 2019
Services area:
Private Client
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The Importance of Mind & Management

The Importance of Mind & Management

Examining one of the new substance requirements for companies 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.

Published:
March 4, 2019
Services area:
Business
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Your Interests Are Our Interests

Your Interests Are Our Interests

Why choosing the right trusted advisor who understands the needs of their clients is key to protecting their assets?

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.

Published:
February 14, 2019
Services area:
Private Client
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Stable as a rock in uncertain times

Stable as a rock in uncertain times

Why Jersey an award-winning International Finance Centre and Fiduchi are well placed to navigate the choppy waters, against a backdrop of growing regulation and geopolitical uncertainty.

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.

Published:
January 29, 2019
Services area:
Business
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Understanding International Savings Plans (ISPs)

Understanding International Savings Plans (ISPs)

Helpful guide - 10 frequently asked questions about International Savings Plans.

A brief Q&A with Terry Northcott on Jersey International Savings Plans and why these schemes are proving popular.

Published:
January 15, 2019
Services area:
Employee
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The Importance of Governance in Succession Planning

The Importance of Governance in Succession Planning

Effective succession planning for wealthy individuals who are serious about ensuring the successful transition of wealth to future generations.

For most entrepreneurs, it has become vitally important that the successive generations do not dissipate the wealth accumulated over a number of years.

Published:
January 14, 2019
Services area:
Private Client
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Understanding Jersey Companies and their uses

Understanding Jersey Companies and their uses

Helpful guide

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.

Published:
December 12, 2018
Services area:
Corporate
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Understanding Cell Companies and their uses

Understanding Cell Companies and their uses

Helpful guide

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.

Published:
November 1, 2018
Services area:
Corporate
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Understanding Foundations

Understanding Foundations

Helpful guide

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.

Published:
September 10, 2018
Services area:
Private Client
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Understanding Jersey Limited Partnerships (LPs)

Understanding Jersey Limited Partnerships (LPs)

A breakdown of the four different types of Limited Partnerships available in Jersey and their uses.

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.

Published:
September 6, 2018
Services area:
Corporate
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Understanding Private Trust Companies (PTCs)

Understanding Private Trust Companies (PTCs)

Helpful guide

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.

Published:
August 21, 2018
Services area:
Private Client
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Understanding Trusts

Understanding Trusts

8 commonly asked questions about Trusts and how they work

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.

Published:
July 19, 2018
Services area:
Private Client
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Balancing Transparency & Privacy

Balancing Transparency & Privacy

Managing data in a changing world

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.

Published:
May 29, 2018
Services area:
Business
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Understanding Jersey Private Funds (JPFs)

Understanding Jersey Private Funds (JPFs)

Briefing Note

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.

Published:
April 20, 2018
Services area:
Funds
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The Culinary Delights of South East Asian Curry

The Culinary Delights of South East Asian Curry

An analogy of the family office

The modern day “Family Office”….What is it?...How should it be defined?...

Published:
March 21, 2018
Services area:
Private Client
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Changing Landscape for Jersey Companies

Changing Landscape for Jersey Companies

Beneficial ownership & transparency

International initiatives regarding transparency and beneficial ownership mean that the landscape is changing particularly for the Jersey Company.

Published:
February 2, 2018
Services area:
Business
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UK Tax Changes and their impact on UK Real Estate Structures

UK Tax Changes and their impact on UK Real Estate Structures

Briefing note

The UK’s November 2017 Budget announced a number of proposals that will affect the taxation of inward investment into UK real estate.

Published:
January 2, 2018
Services area:
Corporate
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