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offshore trusts News

Seychelles's New FSA To Regulate Offshore Financial Sector

by Phillip Morton, Investors

Thursday, March 6, 2014

On March 1, 2014, under The Financial Services Authority Act 2013, the Seychelles International Business Authority changed its name to the Financial Services Authority, and became the regulator for offshore non-bank financial services in the Seychelles. Read Full Story


HK Budget Mulls Fiscal Sustainability Over Longer-Term

by Mary Swire,, Hong Kong

Thursday, February 27, 2014

While Financial Secretary John Tsang put competitiveness as the theme of his 2014/15 Budget, a significant portion of his speech looked at the maintenance of Hong Kong's healthy public finances in the face of increased spending on education, social welfare and healthcare. Read Full Story


Irish Revenue Explains Taxation Of Employee Benefit Schemes

by Ulrika Lomas,, Brussels

Friday, September 20, 2013

The Irish Revenue has issued an explanatory brief, which sets out to explain the new employee benefit schemes tax avoidance provision within the Finance Act 2013. Read Full Story


US, UK, Australia To Provide Tax Information To Others

by Mike Godfrey,, Washington

Tuesday, May 14, 2013

It has been announced that the tax administrations from the United States, Australia and the United Kingdom have developed a plan to share tax information involving trusts and companies holding assets on behalf of residents in jurisdictions worldwide. Read Full Story


Jersey Admits Its 200th Foundation

by Phillip Morton, Investors

Friday, April 26, 2013

The number of foundation structures registered in Jersey has breached the 200-mark, less than four years after the form was first introduced. Read Full Story


IoM Updates Guidance For Trust Services Providers

by Jason Gorringe,, London

Friday, March 8, 2013

The Isle of Man's Financial Supervision Commission has issued new draft guidance on the expected practice of Trust Service Providers to strengthen existing guidelines in place since October 2010. Read Full Story


Independent Guernsey Trust Companies Merge

by Jason Gorringe,, London

Monday, February 18, 2013

Following the commencement of negotiations towards a merger in mid-2012, independent Guernsey-based trust companies, Aquitaine Group and Goethe Management, have agreed to join forces under the Aquitaine brand. Read Full Story


Hong Kong Gazettes Trust Law Reform

by Mary Swire,, Hong Kong

Wednesday, February 13, 2013

The Trust Law (Amendment) Bill 2013, gazetted on February 8, is aimed at modernizing trust law in Hong Kong by enhancing trustees' default powers while providing for appropriate checks and balances, thereby making trusts administration more effective. Read Full Story


Jersey Wins 'IFC Of The Year' Gong

by Jason Gorringe,, London

Wednesday, January 30, 2013

Jersey has received an "International Financial Center of the Year" award at a recent ceremony hosted by Citywealth International in London. Read Full Story


Guernsey Begins Offering Foundations

by Jason Gorringe,, London

Friday, January 11, 2013

The Guernsey Registry began accepting applications for the formation of foundations on January 9, 2012, following approval of the legislation by the UK Privy Council. Read Full Story



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