Moore Stephens by Big Ideas

Jersey

PRECISE. PROVEN. PERFORMANCE.

The cover image and some other images contained within this brochure are the work of Yvonne Andrews, Moore Stephens Financial Management Limited

Moore Stephens Jersey

Moore Stephens Jersey is an independent member firm of one of the worldâ&#x20AC;&#x2122;s leading accounting and consulting networks, Moore Stephens International Limited. We are deeply committed to providing

Moore Stephens leads the way in

the highest level of professional

the provision of the highest quality

expertise and client care across the

of personal services to businesses

full range of financial and consulting

and their owners to support them in

services that we offer. Our clients are

creating and preserving wealth.

local and international, government departments, businesses, charities and

Our policy of continuing staff

private individuals.

development and adherence to the highest standards of professional

We offer a highly personal service. In

expertise keep us abreast of latest

gaining a real understanding of the

developments and we are therefore

individual needs of each client we

able to offer the services necessary

develop longstanding relationships and

to meet client needs both now and

help to play a significant role in the

in the future.

management of their affairs over many years and indeed from one generation

Clive Barton

to another.

Senior Partner For further information, please contact: clive.barton@moorestephens-jersey.com

An international firm in an international market place Established in 1968, Moore Stephens Jersey has a track record of providing professional services to our clients, both private and corporate, and naturally has strong ties with local businesses. As we are located in an international finance centre, we also have a global perspective. The Moore Stephens global network

If we cannot directly deliver every

comprises like-minded professionals

service required by our clients, we are

in over 95 countries. Each member

able to call on the vast resources of the

firm reflects the essential core values

Moore Stephens International network:

of Moore Stephens â&#x20AC;&#x201C; investment in

Moore Stephens Jersey co-ordinates

long-term relationships, focus on

and manages the whole process so

technical expertise and a commitment

that our clients only ever have one

to absolute discretion.

contact point.

The network enables us to realise

For further information, please contact:

clientsâ&#x20AC;&#x2122; international aspirations and cross-border objectives, particularly issues such as national and international compliance, tax planning and international business structures. As the world becomes smaller, so it becomes more complicated. Our reach and experience allows us to assist our clients in their decision making, both for the present and future.

mail@moorestephens-jersey.com

About Jersey

Jersey is one of the world’s leading international finance centres. Its successful combination of stability, reliability, sophisticated and comprehensive infrastructure of laws have kept it at the forefront of global finance for over 50 years. With a business day that begins before

Jersey’s status as a Crown Dependency

Tokyo closes and continues well into

gives the jurisdiction constitutional

New York trading time and close

rights of self-government and judicial

proximity to Europe but independence

independence. This offers both

from the European Union, Jersey offers

businesses and investors the benefits of

benefits in both location and time zone.

an independent international finance centre, which is close to the United

The wealth of experience and expertise

Kingdom and mainland Europe.

offered by Jersey’s highly skilled finance service providers gives an unparalleled welcome to businesses and investors alike. This, combined with the Island’s internationally recognised robust regulatory framework and its favourable geographical position continues to make Jersey an attractive jurisdiction for international business.

Trust and Corporate Services Working closely with our clients and their professional advisers, we provide bespoke and comprehensive offshore Trust and Corporate services, including the establishment and ongoing administration and accounting of appropriate vehicles, dependent on the clients’ requirements and the complexity of their affairs. Typical clients comprise private individuals, families and corporate bodies. The range of vehicles we administer include: • Trusts and Foundations • Companies – registered in Jersey and other jurisdictions • Managed Trust Company arrangements • Private Trust Companies • Special Purpose Vehicles • Partnerships – Ordinary, Limited or Limited Liability • Protected Cell Companies Our key aim is to have a good understanding of our clients’ requirements at all times to ensure that their offshore affairs continue to be effective.

International Planning

and tax planning. What started as

Our clients have diverse cross

wealthy landowner (the Settlor) and a

border requirements and, as such, we have considerable expertise in understanding international structures. Working with tax specialists, including members of Moore Stephens International Limited globally, and the clients’ professional advisers, we give guidance on the most appropriate vehicles to be used in a structure. International tax planning also encompasses estate planning for those clients with interests in more than one jurisdiction.

Partnerships Increasingly, partnerships are used as vehicles for structured finance transactions and we have extensive experience and knowledge in managing these entities, including acting as General Partner, providing administration and specialist accounting services and arranging Partnership meetings.

a simple arrangement between a trusted friend or relative (the Trustee) and the landowner’s dependents (the Beneficiaries), has now become a sophisticated estate and succession planning tool governed by modern laws tailored to meet the needs of international clients to structure and protect their family or corporate wealth. A trust is one of the most secure and flexible ways to provide for the continuity of family assets and preserve their wealth from inappropriate or unwanted use. Other benefits of establishing a trust include anonymity, freedom of choice and reduced political risk.

Foundations Foundations are particularly attractive to clients in jurisdictions where the concept of trusts is either not recognised or is less well known; or where clients are keen to maintain control over generated wealth, and personally set the rate of flow of

Trusts

information to beneficiaries.

Although as old as the British legal

Foundations can also be used for family

system itself, a trust and more

and/or inheritance purposes, charitable

particularly an offshore trust, has

purposes, owners of companies

become an integral part of wealth

(‘holding’ or ‘parent’), commercial

transactions (particularly where an

Our Trust, Foundation and Company

‘orphaned’ special purpose vehicle

services include:

is required) and employee benefits arrangements.

Companies Jersey companies can be structured to meet a wide variety of business purposes from simple asset holding, such as real estate and investment portfolios, to more complex arrangements including structured finance, corporate restructuring and vehicles for accessing capital markets. Jersey is a tax neutral jurisdiction and, therefore, using a Jersey company for structuring international financing transactions can be beneficial in terms of company law provisions and tax treatment. The Companies (Jersey) Law, 1991, is the principal piece of

• General consultancy regarding the most appropriate vehicle for structuring your wealth • Formation of vehicles based in a number of jurisdictions • Assisting with drafting of appropriate documentation • Provision of corporate or personal trustees • Enforcer • Restructuring of existing trusts • Ongoing administration, accounting and preparation of financial statements • Registered Office, Directors, Company Secretary and Nominee Shareholders • Corporate Council Member of foundations • Guardian

legislation governing Jersey companies,

Stock Exchange Listing

which is similar, yet simpler, than UK

Listing on a major Stock Exchange can be

company law and allows for greater

an important step in the development of

flexibility. Other key benefits of

private companies by:

Listing services include • General consultancy • Incorporation of the holding company • Registered Office, Corporate and Secretarial services • All matters leading up to the listing, including liaising with all key parties, collating documents for insertion in the Verification Notes and commenting on the Admission Document • Maintenance of up to date registers of Members via the Registrars • Corporate Portal and the statutory records of the company • Compliance with both the Stock Exchange and Regulatory requirements in either Jersey or Guernsey • Attending Board Meetings and preparation of minutes • Establishing banking facilities and ongoing cash management For further information, please contact: kathy.gillen@moorestephens-jersey.com

Jersey companies include separate legal identity, limited liability for shareholders and ease of transfer of ownership.

• Providing capital for growth • Creating a market for the company’s shares • Enhancing the profile and credibility of the business • Ultimately, providing an exit strategy for its owners

Trust and Corporate Services Continued

Family Offices We are a leading provider of financial,

Yachting and Aviation Services

advisory and compliance services to

Moore Stephens was founded over 100

family offices. We have acted for many clients through several generations and have helped them adapt their structures to suit their personal circumstances. We understand that balancing family and business interests is not always easy, especially as one can impact significantly on the other. Our family office team is supported by chartered accountants, lawyers and specialists in taxation and banking. Our aim is to help our clients structure and protect their wealth effectively. The relationship between Moore Stephens Jersey and the families for whom we act is special. We are not only known for our technical quality, but also for our discretion and attention to confidentiality. Above all, we have successfully built relationships by providing the high level of care and personal service required to fulfil our responsibilities and meet our clients’ needs.

more than accountancy services.

• Registration • Management • Crew Services • Accounting • Taxation • Finance and Insurance • Income protection

We have extensive and proven expertise

For further information, please contact:

years ago to handle the accountancy affairs of our maritime clients. Today our links with the shipping community are still strong, but we now offer much

in the establishment and management of a wide range of efficient structures for owners of private and commercial vessels and aircraft. Whether purchased for enjoyment or as a business venture, the purchase of a vessel or aircraft represents a substantial investment of time and money. Having the right people is therefore crucial to the efficient management of the structure and asset. Our specialised knowledge and experience are unparalleled. We offer appropriate corporate or trust vehicles to provide optimal structuring for private or commercial vessel ownership, registration and operation of both yachts and aircrafts. We provide these solutions, which are tailored to our clients’ specific situation and requirements. We specialise in forming and managing the structure ownership in chosen jurisdictions.

Other services include

kathy.gillen@moorestephens-jersey.com

Fund Administration Services

Moore Stephens Fund Administration Limited is a well-established, dedicated provider of specialist, bespoke fund administration services across a range of asset classes, servicing the needs of both private and institutional clients. We work across multiple jurisdictions,

advisers and tax specialists to ensure a

We understand that every fund

supporting a range of structures,

swift and cost effective solution.

manager’s needs are different and

asset classes and fund sizes. Licensed

offer bespoke solutions to suit clients’

and independently regulated by the

We provide a comprehensive service

requirements and objectives.

Jersey Financial Services Commission,

including:

we deliver high quality reporting that

• Delivering quality day-to-day administration services • Providing high quality fund accounting services • Preparing management accounts, budgets and consolidated financial statements • Designing and preparing tailored reporting to specific requirements • Offering corporate trustee facilities for Unit Trusts • Providing experienced directors, corporate secretarial and registered office services • Offering shareholder and investor services

can be created to suit client needs and requirements, adopting International, UK or US accounting standards as necessary. Our audit background provides in-depth experience and understanding of both administration and accounting issues enabling us to deliver our services with a focus on problem solving, providing added value to our clients.

Full Range of Services At Moore Stephens Fund Administration Limited we are able to provide a full range of services to

Access to Global Expertise As part of a traditional accounting practice, we are well placed to support fund managers and promoters with additional services including audit advisory services, tax and compliance advice and corporate recovery or insolvency services. For further information, please contact adrian.moll@moorestephens-jersey.com nicholas.solt@moorestephens-jersey.com

support a broad spectrum of fund structures, covering traditional to alternative asset classes. We are licensed as a Fund Services Business provider and can also act as a Manager of a Managed Entity where required. We offer support and guidance on all aspects of fund administration from the initial establishment of any fund vehicle through to advising on regulatory and compliance issues, which can include liaising with lawyers, bankers, asset

Auditing and Accounting The value from an audit can range from satisfying local filing requirements to being an integral part of the management and governance framework. We believe that audits should be a positive experience for our clients and viewed as part of the business development process. Whatever the requirements, we design our audit and assurance services to maximise the value we can add, whether in the form of checks on specific aspects of the business or advice on systems and procedures.

our statutory work, we are able to

Virtual Private Network Outsourcing

add value by offering independent

Virtual Private Network Outsourcing

consultancy services.

(VPN outsourcing) offers secure access

Through our familiarity with clients’ businesses, resulting from

to your systems to provide outsourcing We appreciate that there is a real

services. The service is a ‘closed box’

need to communicate effectively with

solution with data only being input

our clients’ management and finance

and removed by the client and can

teams because the more each party

be turned on or off with just one

understands the needs and objectives

month’s notice.

of the other, the easier it is for us to carry out our work.

Rightsourcing We can provide full accounting services from the processing of transactions through our business process outsourcing team, to the drafting of year end accounts and the preparation of year end files ready for audit. This includes the provision of monthly detailed profit and loss accounts, balance sheets, cash flow and other essential management information to determine the performance of different parts of the business or the business as a whole. We can also fill in the gaps in accounts departments on a temporary or permanent basis.

VPN outsourcing is a secure way to outsource workload to external staff not located in the clients’ offices. Put simply, access to systems is provided through a secure, dedicated internet access point (virtual private network) so that Moore Stephens can look at and work on clients’ accounts and accounting information. VPN outsourcing is exceptionally secure as client systems can only be accessed by those with the appropriate security clearance, the information never leaves the clients’ systems (external staff look into and work within the clients’ systems) and the Moore Stephens outsourcing team is unable to download, print or copy any information. Client firms remain in control of the staff and the security at all times. For further information, please contact: brona.lambert@moorestephens-jersey.com

Taxation

The evaluation will highlight strengths

Taxation advice is provided for

Board Evaluation Services

both corporate and private clients

The Board Evaluation Service provides

for demonstrating excellence to

the opportunity for boards to

shareholders whilst gaining critical

create a virtuous circle of sustained

management information for the

improvement and competitive

highest level of corporate governance.

and ranges from ensuring that statutory returns are carried out at the right time through to long term tax-efficient planning.

Not-for-profit organisations accounting advice

as well as those areas that may need to be improved. It is invaluable

advantage. It does this by promoting best leadership practice for company strategic and operational decision-

For further information, please contact: phillip.callow@moorestephens-jersey.com

making, oversight, risk management and accountability.

Moore Stephens has a niche specialism

We have the expertise to precisely

in advising and auditing not-for-profit

and sensitively collect, analyse and

entities. Partners have a wealth of

report data to clients with clarity and

experience having chaired, served on

discretion. Board directors are given

and advised the boards of large and

the means to conduct self-assessments

small charities in the Channel Islands,

through tailored questionnaires

UK and multi-jurisdictions.

and informal interviews. The data is presented as clear and actionable

For further information, please contact: Â

david.green@moorestephens-jersey.com dermot.boylan@moorestephens-jersey.com

business intelligence. Boards can adapt the scope and scale of the assessments to meet their specific needs across the breadth of regulatory, risk management and other governance requirements. The number of questions and topics examined can be tailored to each specific case, as can the order of priority.

Risk and Recovery

Moore Stephens Risk & Recovery Limited offers a full range of services to its clients across the Channel Islands and the broader offshore financial community. These services include Corporate Recovery and Forensic Accounting.

Corporate Recovery

Forensic Accounting

We help and advise business owners

We are able to draw on the skills in our

with financial problems every day so

Offshore Group and the wider Moore

we know it can be very stressful

Stephens network to provide a full

when businesses experience a

range of forensic services

financial downturn. Some situations concern small companies and are

including:

simple to resolve. Others are more complicated, involving multiple international jurisdictions. Specialist skills and experience are often required to deal with financial

• Fraud Investigation • Asset Tracing • Business Valuations • Divorce Valuation • Professional Negligence

and operational problems. We advise companies under pressure from

We can also provide senior staff to

creditors on their current position,

act as Expert Witnesses for litigation

including directors’ legal responsibilities,

matters if required.

and assist in planning the most sensible way forward.

For further information, please contact: adrian.rabet@moorestephens-jersey.com

To avoid administration or liquidation, professional advice to resolve financial problems and consequent stress should be sought as early as possible. We focus on methods of recovery for both the business and its corporate structure; however, if it is decided that these are not feasible then we will act as administrators or liquidators of structures. Our initial meetings are confidential and free of charge.

Financial Management Moore Stephens Financial Management Limited (MSFM), a wholly owned subsidiary of Moore Stephens, is based in Jersey and provides specialist services to individuals and businesses, advising on insurance, investment and pension products. In addition, MSFM provides a full investment advisory service, which includes the monitoring of externally managed investment portfolios (benchmarking). The range of services includes:

Retirement Planning

according to particular requirements,

• Advice on and arranging a wide variety of investments • Retirement planning • Personal financial planning • Corporate financial planning • Benchmarking of external portfolios

In this ever changing world, MSFM

fees planning and house purchase.

can help to guide clients towards a

These objectives can be achieved either

comfortable retirement and realise

through prudent budgeting or the use

their aspirations by advising on the

of various types of savings plan, both

various methods available to achieve

contractual and non-contractual.

Services to individuals

In conjunction with other members

Investment Advice MSFM is fully independent and therefore free to advise on the whole spectrum of products and services available from the full range of financial services providers. With the bewildering array on offer, expert guidance is vital to ensure that each solution provided is suited to the circumstances of the client. The key differentiators of the service provided by MSFM are the high levels of service, the attention to detail and the quality of the reporting. Clients receive comprehensive valuations and reports on either a six-monthly or quarterly basis, meaning that they will always know how their investments are progressing.

examples of which would include school

their targets.

of the Moore Stephens network, we are able to provide for the transfer of pensions between jurisdictions, which may have beneficial taxation consequences in certain circumstances, as well as advice on transfers to and from company schemes and/or personal pensions as appropriate.

Personal Financial Planning

Services to companies

Corporate Financial Planning • Employee Benefits Schemes • Keyman Insurance • Partnership and Shareholder Protection For further information, please contact: michael.norem@moorestephens-jersey.com

Financial planning has two key objectives: • Protection • Achieving or maintaining financial independence Often these two elements will go hand in hand and are key to the realisation of an individual’s financial goals. Individuals can build wealth through a variety of different types of savings plan

The First Step

At Moore Stephens we place real emphasis on our relationship with clients. Experience tells us that we can only deliver useful services if we have their complete trust in our technical and professional ability. The relationship between clients and

Please contact us if you would like to gain

financial and business advisers should be

access to the range and depth of specialist

long lasting because the decisions that

skills and expertise that Moore Stephens

need to be made now will almost certainly

can offer. We can arrange a suitable time

have far reaching consequences in years

and place for a meeting, which we hope

to come. We begin relationships by

will lead to a longstanding and mutually

listening - not looking at accounts and

beneficial relationship.

spreadsheets, that will come later once we have a clear understanding of our clientsâ&#x20AC;&#x2122;

Moore Stephens Jersey is part of the

needs and aspirations. This approach

offshore group, which also includes

reflects our belief that a professional,

Guernsey, Gibraltar and the Isle of Man.

quality service involves more than just technical excellence.

Key contacts

General enquiries mail@moorestephens-jersey.com

Moore Stephens Risk and Recovery

International Planning

adrian.rabet@moorestephens-jersey.com

Adrian Rabet, Director

Clive Barton, Senior Partner clive.barton@moorestephens-jersey.com

Moore Stephens Fund Administration

Moore Stephens Financial Management Michael Norem, Director michael.norem@moorestephens-jersey.com

Adrian Moll, Partner adrian.moll@moorestephens-jersey.com

Nicholas Solt, Partner nicholas.solt@moorestephens-jersey.com

Trust and Corporate Services Kathy Gillen, Partner

Audit and Accounting David Green, Partner david.green@moorestephens-jersey.com

Phillip Callow, Partner phillip.callow@moorestephens-jersey.com

Dermot Boylan, Partner dermot.boylan@moorestephens-jersey.com

kathy.gillen@moorestephens-jersey.com

Rightsourcing Brona Lambert, Partner brona.lambert@moorestephens-jersey.com

Moore Stephens Jersey is regulated by the Jersey Financial Services Commission for the conduct of Trust Company, Fund Services and Investment Business

PO Box 236, First Island House, Peter Street St. Helier, Jersey, Channel Islands, JE4 8SG Tel: +44 (0)1534 880088 E-mail: mail@moorestephens-jersey.com www.moorestephens-jersey.com