Corporate

Corporate services is a broad term and is no longer just simply company formation and administration. Today’s corporate service providers require technical expertise and experience of niche sectors such as aviation, gaming, property and yachting, in addition to the more traditional estate planning and wealth management knowledge.

Whether an investment portfolio, trading company, real property or a luxury asset such as a yacht or business jet, Abacus develop and establish effective corporate structures tailored to each client’s individual needs and objectives and provide ongoing administration and back office support services at a level they require, this can include:

• Formation of companies
• Establishing partnerships
• Setting up private trust companies
• Protected cell companies
• Statutory and administration services
• Registered office and registered agent services
• Provision of officers
• VAT registration and administration
• Bookkeeping and accounting services
• Cash management facilities

Companies are often used within tailored solutions to preserve and enhance wealth, for estate and succession planning for future generations, to ensure privacy and for philanthropic purposes. They can also be used as trading entities as well as for investment holdings, real estate structuring and for the ownership of luxury assets.

Often the choice of where the company is incorporated is pertinent to the success of the planning.  At Abacus we offer local administration for companies incorporated in a variety of international jurisdictions.

A company is normally considered resident for tax purposes where its “central management and control” is exercised, so it is essential to properly structure and implement a company’s corporate governance policy.  Abacus is well placed to provide services to ensure fiscally effective management and control of companies.

Partnerships offer an alternative type of vehicle with limited liability.  Partnerships are usually transparent for tax purposes and can therefore offer different options for planning to those which can be achieved by using companies.

The principal objective of a Private Trust Company is to act as trustee for a family or for a group of related trusts.  They can offer many benefits; allowing settlors to plan for the future ownership of family business interests, retaining control in the management of underlying investments and ensuring privacy in their financial affairs.

Abacus can provide an administrative platform for the private family office to administer multiple asset classes including aircraft, yachts, international commercial and residential real estate, investment portfolios and trading companies.