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PRECISE. PROVEN. PERFORMANCE. Jersey

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Page 1: Moore Stephens

PREC ISE . PROVEN. PERFORMANCE .

Jersey

Page 2: Moore Stephens

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

Page 3: Moore Stephens

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We are deeply committed to providing

the highest level of professional

expertise and client care across the

full range of financial and consulting

services that we offer. Our clients are

local and international, government

departments, businesses, charities and

private individuals.

We offer a highly personal service. In

gaining a real understanding of the

individual needs of each client we

develop longstanding relationships and

help to play a significant role in the

management of their affairs over many

years and indeed from one generation

to another.

Moore Stephens leads the way in

the provision of the highest quality

of personal services to businesses

and their owners to support them in

creating and preserving wealth.

Our policy of continuing staff

development and adherence to the

highest standards of professional

expertise keep us abreast of latest

developments and we are therefore

able to offer the services necessary

to meet client needs both now and

in the future.

Clive Barton

Senior Partner

Moore Stephens Jersey is an independent member firm of one of the

world’s leading accounting and consulting networks, Moore Stephens

International Limited.

Moore StephensJersey

[email protected]

For further information, please contact:

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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.

An international firm in an international market place

The Moore Stephens global network

comprises like-minded professionals

in over 95 countries. Each member

firm reflects the essential core values

of Moore Stephens – investment in

long-term relationships, focus on

technical expertise and a commitment

to absolute discretion.

The network enables us to realise

clients’ 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.

If we cannot directly deliver every

service required by our clients, we are

able to call on the vast resources of the

Moore Stephens International network:

Moore Stephens Jersey co-ordinates

and manages the whole process so

that our clients only ever have one

contact point.

For further information, please contact:

[email protected]

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With a business day that begins before

Tokyo closes and continues well into

New York trading time and close

proximity to Europe but independence

from the European Union, Jersey offers

benefits in both location and time zone.

The wealth of experience and expertise

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.

Jersey’s status as a Crown Dependency

gives the jurisdiction constitutional

rights of self-government and judicial

independence. This offers both

businesses and investors the benefits of

an independent international finance

centre, which is close to the United

Kingdom and mainland Europe.

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.

About Jersey

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Trust and Corporate Services

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 PlanningOur clients have diverse cross

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.

PartnershipsIncreasingly, 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.

TrustsAlthough as old as the British legal

system itself, a trust and more

particularly an offshore trust, has

become an integral part of wealth

and tax planning. What started as

a simple arrangement between a

wealthy landowner (the Settlor) and 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.

FoundationsFoundations 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

information to beneficiaries.

Foundations can also be used for family

and/or inheritance purposes, charitable

purposes, owners of companies

(‘holding’ or ‘parent’), commercial

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.

Page 7: Moore Stephens

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transactions (particularly where an

‘orphaned’ special purpose vehicle

is required) and employee benefits

arrangements.

CompaniesJersey 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

legislation governing Jersey companies,

which is similar, yet simpler, than UK

company law and allows for greater

flexibility. Other key benefits of

Jersey companies include separate

legal identity, limited liability for

shareholders and ease of transfer of

ownership.

Our Trust, Foundation and Company

services include:

• 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

Stock Exchange Listing Listing on a major Stock Exchange can be

an important step in the development of

private companies by:

• 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

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:

[email protected]

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Family OfficesWe are a leading provider of financial,

advisory and compliance services to

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.

Yachting and Aviation ServicesMoore Stephens was founded over 100

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

more than accountancy services.

We have extensive and proven expertise

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

• Registration

• Management

• Crew Services

• Accounting

• Taxation

• Finance and Insurance

• Income protection

For further information, please contact:

Trust and Corporate Services Continued

[email protected]

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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.

Fund Administration Services

We work across multiple jurisdictions,

supporting a range of structures,

asset classes and fund sizes. Licensed

and independently regulated by the

Jersey Financial Services Commission,

we deliver high quality reporting that

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 ServicesAt Moore Stephens Fund

Administration Limited we are able

to provide a full range of services to

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

advisers and tax specialists to ensure a

swift and cost effective solution.

We provide a comprehensive service

including:

• 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

We understand that every fund

manager’s needs are different and

offer bespoke solutions to suit clients’

requirements and objectives.

Access to Global ExpertiseAs 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

[email protected]

[email protected]

Page 10: Moore Stephens

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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.

Through our familiarity with

clients’ businesses, resulting from

our statutory work, we are able to

add value by offering independent

consultancy services.

We appreciate that there is a real

need to communicate effectively with

our clients’ management and finance

teams because the more each party

understands the needs and objectives

of the other, the easier it is for us to

carry out our work.

RightsourcingWe 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.

Virtual Private Network OutsourcingVirtual Private Network Outsourcing

(VPN outsourcing) offers secure access

to your systems to provide outsourcing

services. The service is a ‘closed box’

solution with data only being input

and removed by the client and can

be turned on or off with just one

month’s notice.

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:

[email protected]

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TaxationTaxation advice is provided for

both corporate and private clients

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 adviceMoore Stephens has a niche specialism

in advising and auditing not-for-profit

entities. Partners have a wealth of

experience having chaired, served on

and advised the boards of large and

small charities in the Channel Islands,

UK and multi-jurisdictions.

For further information, please contact:

Board Evaluation ServicesThe Board Evaluation Service provides

the opportunity for boards to

create a virtuous circle of sustained

improvement and competitive

advantage. It does this by promoting

best leadership practice for company

strategic and operational decision-

making, oversight, risk management

and accountability.

We have the expertise to precisely

and sensitively collect, analyse and

report data to clients with clarity and

discretion. Board directors are given

the means to conduct self-assessments

through tailored questionnaires

and informal interviews. The data

is presented as clear and actionable

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.

The evaluation will highlight strengths

as well as those areas that may need

to be improved. It is invaluable

for demonstrating excellence to

shareholders whilst gaining critical

management information for the

highest level of corporate governance.

For further information, please contact:

[email protected]

[email protected]

[email protected]

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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 RecoveryWe help and advise business owners

with financial problems every day so

we know it can be very stressful

when businesses experience a

financial downturn. Some situations

concern small companies and are

simple to resolve. Others are more

complicated, involving multiple

international jurisdictions.

Specialist skills and experience are

often required to deal with financial

and operational problems. We advise

companies under pressure from

creditors on their current position,

including directors’ legal responsibilities,

and assist in planning the most sensible

way forward.

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.

Forensic AccountingWe are able to draw on the skills in our

Offshore Group and the wider Moore

Stephens network to provide a full

range of forensic services

including:

• Fraud Investigation

• Asset Tracing

• Business Valuations

• Divorce Valuation

• Professional Negligence

We can also provide senior staff to

act as Expert Witnesses for litigation

matters if required.

For further information, please contact:

[email protected]

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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:

• Advice on and arranging a wide

variety of investments

• Retirement planning

• Personal financial planning

• Corporate financial planning

• Benchmarking of external portfolios

Services to individuals

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.

Retirement PlanningIn this ever changing world, MSFM

can help to guide clients towards a

comfortable retirement and realise

their aspirations by advising on the

various methods available to achieve

their targets.

In conjunction with other members

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 PlanningFinancial 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

according to particular requirements,

examples of which would include school

fees planning and house purchase.

These objectives can be achieved either

through prudent budgeting or the use

of various types of savings plan, both

contractual and non-contractual.

Services to companies

Corporate Financial Planning• Employee Benefits Schemes

• Keyman Insurance

• Partnership and Shareholder

Protection

For further information, please contact:

[email protected]

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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 First Step

The relationship between clients and

financial and business advisers should be

long lasting because the decisions that

need to be made now will almost certainly

have far reaching consequences in years

to come. We begin relationships by

listening - not looking at accounts and

spreadsheets, that will come later once we

have a clear understanding of our clients’

needs and aspirations. This approach

reflects our belief that a professional,

quality service involves more than just

technical excellence.

Please contact us if you would like to gain

access to the range and depth of specialist

skills and expertise that Moore Stephens

can offer. We can arrange a suitable time

and place for a meeting, which we hope

will lead to a longstanding and mutually

beneficial relationship.

Moore Stephens Jersey is part of the

offshore group, which also includes

Guernsey, Gibraltar and the Isle of Man.

Page 15: Moore Stephens

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

Contact us

Key contactsGeneral [email protected]

International PlanningClive Barton, Senior Partner

[email protected]

Moore Stephens Fund AdministrationAdrian Moll, Partner

[email protected] Nicholas Solt, Partner

[email protected]

Trust and Corporate ServicesKathy Gillen, Partner

[email protected]

Moore Stephens Risk and RecoveryAdrian Rabet, Director

[email protected]

Moore Stephens Financial ManagementMichael Norem, Director

[email protected]

Audit and AccountingDavid Green, Partner

[email protected] Phillip Callow, Partner

[email protected] Dermot Boylan, Partner

[email protected]

RightsourcingBrona Lambert, Partner

[email protected]

PO Box 236, First Island House, Peter StreetSt. Helier, Jersey, Channel Islands, JE4 8SGTel: +44 (0)1534 880088E-mail: [email protected]

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PO Box 236, First Island House, Peter StreetSt. Helier, Jersey, Channel Islands, JE4 8SGTel: +44 (0)1534 880088E-mail: [email protected]