We have extensive experience and knowledge in our field and can offer information and advice on a diverse range of structures as well as assistance in the establishment and development of a tailored solution which yields success, and which are also suitable to niche sectors such as the aviation, gaming, property and yachting industries.
Whether used in isolation or as part of a larger, more complex structure, corporate entities remain an important part of efficient financial planning. Available in a variety of legal forms, choosing the right type of entity in the most suitable jurisdiction can be confusing, with the wrong choice significantly impacting a structure’s success. Key considerations include:
- Does your business operate internationally?
- Is there genuine presence and substance in multiple jurisdictions?
Does the business carry out cross-border transactions, such as product sales, provision of services and payments of group finance charges?
Is the business multi-faceted? Is it a group with a treasury function, asset holding companies or separate servicing entities, for example?
- Are you considering the creation of substance for the business in new jurisdictions?
- Do you wish to consider restructuring the business?
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.
With over 40 years’ experience managing corporate structures, we are able to provide full back office support and VAT services to gaming operators.
Through our professional and qualified administrative team, who are both highly knowledgeable and experienced in all aspects of company management and administration, we tailor the level of service provided according to the individual needs and requirements of each client.
Our back office support services can include some or all of the following:
- Bookkeeping and Accounting
- MOSS Registration
- Payment Processing
- Payroll Services
- Registered Office
- Statutory Administration
- VAT Registration and Administration
- VAT Compliance and Reviews
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.
Private Trust 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.
Protected Cell Companies
Although legally a single company, a protected cell company (or segregated cell company) operates as a “hub and spoke” arrangement with a central core and individual cells. Each cell holds its income, assets and liabilities distinctly from the income, assets and liabilities held in any other cell.
The overheads of a protected cell company are shared between the owners of each of the cells, making the company cheaper to run, whilst continuing to ensure that the assets of each cell remain ring-fenced.
Traditionally used for collective investment schemes and captives, a protected cell company offers a wide range of applications such as asset holding and structured finance activities or as a vehicle for family offices or trust companies.