Razões para a Utilização de “Private Trust Companies” e “Private Trust Foundations”
Um fideicomisso ou “trust” é instituido quando um indivíduo (o “settlor”) transfere a propriedade de certos ativos para outro indivíduo ou sociedade (o “trustee”) que controla e gere esses ativos e os usa em benefício de um indivíduo específico ou de um grupo de indivíduos (os beneficiários). … more
¿POR QUÉ UTILIZAR “PRIVATE TRUST COMPANIES” Y “PRIVATE TRUST FOUNDATIONS”?
Un fideicomiso se establece cuando un individuo (el fideicomitente) transfiere la propiedad de ciertos activos a otro individuo o corporación (el fideicomisario) que controla y administra esos activos y los utiliza en beneficio de un individuo o grupo de individuos específicos (los beneficiarios).
Dilemas … more
IN496 - What is a Guernsey Private Fund Structure and why are Family Offices Increasingly Using Them?
Why Guernsey For Private Fund Structures?
Guernsey is a leading domicile for funds, with more than 50 years of experience in the formation, administration and cross-border distribution of investment funds. It also offers a ‘lighter touch’ approach to Private Investment Structures (‘PS’), also known as Private Funds (‘PF’), which are ‘related party’ investment structures, particularly suitable … more
In February 2017, Guernsey’s Government approved the establishment of a register of beneficial ownership information.
In implementing this initiative, Guernsey, along with a large number of other jurisdictions, is maintaining its commitment to meet international standards on tax transparency and is adopting the recommendations of the Financial Action Task Force.
This new Register … more
As many of you know, each year Dixcart hosts a seminar. This year the topic was risk mitigation for family offices and corporates and was held at the Institute of Chartered Accountants in England and Wales (ICAEW) in London.
Risk is an increasingly important factor to mitigate for any business and for this particular seminar Dixcart chose to highlight the areas of geographic risk, family risk, … more
Dixcart Business Centres offer extensive serviced office capacity and are ideal for companies establishing themselves in a new location. Dixcart Business Centres are located in Guernsey, the Isle of Man, Madeira (Portugal), Malta and the UK.
Business Centres can offer a productive work environment and a cost effective option for organisations with international interests wishing to operate from … more
IN465 - 2-REG Channel Islands Commercial Aircraft Registry: Case History Highlighting the Advantages of Temporary Registration
Established in December 2013, “2-REG”, the Channel Islands Aircraft Registry, is the aircraft registry of the States of Guernsey. The nationality mark is ‘2’ followed by four letters, allowing for attractive registration marks.
There have been 94 registrations to date of lessor owned aircraft, corporate aircraft, including a Boeing 787-8 Dreamliner, and locally owned aircraft. The registry is … more
Why is Guernsey an Attractive Jurisdiction for Companies?
There are a number of reasons why an individual may wish to migrate a company or foundation from its current jurisdiction of registration to the Bailiwick of Guernsey.
Guernsey is a well-regulated and internationally respected international jurisdiction. It is also a politically stable jurisdiction with its own autonomous government but … more
Guernsey’s innovative legislation on Image Rights (IR) became law in November 2012 and it remains the only jurisdiction in the world to date where an individual, group or legal entity can register their Image Rights on a public register.
Registrations have been steady since that date, with currently 64 IR registrations for individuals and entities from a broad range of human activity, including … more
The UK non-domiciles regime remains a relatively attractive option with UK non-domiciliaries (“non-doms”) continuing to have the opportunity to enjoy significant tax advantages for a period of up to 15 years.
Changes to UK Non-Dom Legislation
Major reforms regarding how non-UK domiciliaries are taxed were however introduced in April 2017.
As detailed in the Dixcart note: UK Tax Residence - … more
The 2004 Disclosure of Tax Avoidance Schemes (DOTAS), introduced by the UK in 2004, was one of the first pieces of legislation, globally, to address the topic of transparency and disclosure.
With the on-going implementation of the OECD’s Common Reporting Standards (CRS), the prescient title of UK HMRC’s 2013 publication ‘No Safe Havens’ is more relevant than ever.
Commercial and wealth … more
Guernsey pioneered the concept of Cell Companies initially to provide for segregated captive insurance. There entities are also referred to as Segregated Cell Companies and Segregated Portfolio Companies.
Creative Uses of Cell Companies
Since the introduction of the Protected Cell Company (PCC), the cell company concept has been further enhanced by the innovation of the Incorporated Cell … more
On 25 July 2012 the States of Deliberation, Guernsey’s Parliament, approved the projet de loi The Foundations (Guernsey) Law, 2012 (the “Law”). The Law came into force on 7 January 2013.
The Law is divided into three parts - the substantive law and two schedules. The first schedule deals with administrative matters, such as the establishment of foundations and their registration. The … more
International business centres each offer their own unique range of features and advantages.
A distinguishing characteristic of the jurisdiction of Guernsey is the expertise and experience offered by the professionals on the island.
Examples of the Types of Businesses Moving to Guernsey
The depth of fiduciary experience available in Guernsey means that a number of business … more
UK Controlled Foreign Company Rule
In a hardening insurance market changes in the UK Controlled Foreign Company (CFC) rules can, in the correct circumstances, make captive insurance arrangements more attractive to UK businesses.
The CFC rules are essentially anti-avoidance rules designed to prevent a company from artificially moving its profits abroad, to a country with more favourable tax … more
Updated April 2018
WHY USE GUERNSEY?
Guernsey is a premier international financial centre with an enviable reputation and excellent standards. The Island is also one of the leading jurisdictions providing international insurance services and has developed as a base from which internationally mobile individuals can organise their worldwide affairs.
Factors contributing to and enhancing the … more
The job of trustee is an onerous one, which makes choosing the right trustee extremely important.
The name of the arrangement - ‘trust’, provides a clear indication as to the most important emotion that the settlor must have with respect to the trustee.
The Role of Trustee
The settlor of a trust gives the legal ownership of the assets put into the trust to the trustee, who looks after those … more
The island of Guernsey is the second largest of the Channel Islands, which are situated in the English Channel close to the French coast of Normandy. The Bailiwick of Guernsey comprises three separate jurisdictions: Guernsey, Alderney and Sark. Guernsey is the largest and most populated island in the Bailiwick. Guernsey combines many of the reassuring elements of UK culture with the benefits of … more
IN409 - CROWD FUNDING - Professional Trustee Services for Commercial UK Fundraising and Borrowing Arrangements
Alternative project finance continues to remain a popular route to commercial fundraising, particularly in the UK commercial property development industry. Businesses continue to diversify their funding arrangements by considering alternative finance structures. These structures can take a number of different forms, with the most common being equity and debt based alternative investments, with UK … more
Families are becoming more and more mobile. There are many attractive residence schemes available around the world and family members are increasingly living in different countries. As this trend continues the management and control of family wealth across jurisdictions, in a tax efficient manner, becomes even more important.
Dixcart provides family office services from a number of offices, … more
Many well-known individuals, including national sporting heroes and recording artists, have already registered their image rights in Guernsey to maximise the potential earning value of their personal brand.
Individuals with the potential ability to generate significant wealth from the use of their image, in addition to their earnings, should register their image rights. It can be even more … more
IN380 - Foundations - Why? And Consideration of Various Jurisdictions: Guernsey, The Isle of Man, Malta and Nevis
Foundations are useful tools in terms of wealth management and asset protection. The jurisdictions of Guernsey, the Isle of Man, Malta and Nevis are attractive locations in which to establish a foundation. Each of these jurisdictions offer a number of potential advantages and the most appropriate jurisdiction will depend upon each specific situation.
Foundations: A Definition
A foundation is a … more
Dixcart provides aircraft registration services in a number of jurisdictions. These jurisdictions have registries which offer a variety of advantages and tax efficiencies.
Dixcart can advise on aircraft registration and help coordinate the aircraft registration process in: Guernsey, the Isle of Man, Malta and Portugal. This can include establishing and administering the relevant ownership … more
The global growth in FinTech has been rapid and the sector is predicted to continue this strong pattern of growth.
The European Commission defines FinTech as “the combination of innovative financial services and the availability of capital through the use of new (digital) technologies, such as crowdfunding”.
To ensure that the island is well placed to take advantage of the opportunities within … more
Guernsey is one of the leading tax-free jurisdictions for the administration of international private wealth. Although a Crown Dependency and represented internationally by the UK Government, it is autonomous and has its own Parliament and its own tax regime. The island uses the British pound but also issues its own banknotes.
Guernsey’s finance industry benefits from a firm foundation of … more
A trust is created when an individual (the settlor) transfers ownership of certain assets to another individual or corporation (the trustee) who controls and manages those assets and uses them for the benefit of a specified individual or group of individuals (the beneficiaries).
Common Dilemmas Faced by Settlors and Trustees
Many high net worth individuals, when acting as settlors, … more
Alternative project finance has become increasingly popular since the financial crisis of 2008. Businesses continue to diversify their funding arrangements by considering alternative finance structures. These structures can take a number of different forms, with the most common being equity and debt based alternative investments.
How Can Dixcart Assist with the Organisation of these … more
The Limited Liability Partnerships (Guernsey) Law 2013 came into effect in May 2014 and expands the range of Guernsey structures available for professionals to provide solutions to their clients.
Key Characteristics of a Guernsey Limited Liability Partnership
A Guernsey LLP is a body corporate with unlimited capacity and its own legal personality, separate from that of its members. This is a … more
Guernsey's aviation registry - 2-REG was officially launched on 9th December 2013. Four aircraft have already been registered, each carrying the registry’s unique registration mark '2-' followed by four letters.
The global private jet market has in recent years seen huge growth in new markets, such as Brazil and China whilst the G-Reg (UK) and the N-Reg (USA) are still among the world’s most … more