Vistra Fund Services has been awarded 'Fund Administration Firm of the Year - Luxembourg' in the Finance Monthly Global Awards 2015.
The Awards celebrate the success, innovation and quality of firms working in, and with, the financial and legal sectors across the globe. The research process was conducted over several months with each winner demonstrating excellence and standing out as a first among equals in what is a highly competitive and dynamic sector.
The process of migrating foreign companies to Jersey is referred to in Jersey law as ‘continuance’, but is also commonly known as ‘migration’ or ‘redomiciliation’, and these terms are used interchangeably.
Jersey statutory position
The Companies (Jersey) Law 1991 (the ‘Companies Law’) permits a foreign-registered company to migrate to Jersey subject to the laws of the foreign jurisdiction.
Jersey is one of the most highly regarded offshore jurisdictions in the world. Since Jersey is a tax-neutral jurisdiction, using a Jersey company for structuring can be beneficial for company law provisions and tax treatment. A Jersey company may be useful for a variety of purposes, including holding assets and conducting transactions....
Vistra once again sponsored the International Fiscal Association (IFA) Latin American regional conference held recently in Santo Domingo, Dominican Republic.
Six panels of over 40 tax experts from different Latin American jurisdictions were present discussing regional penalties, tax compensations and reimbursements, the prevention of fraud and other relevant and beneficial international fiscal information.
The event, which was the 7th of its kind, was a great success and hosted over 350 professionals from around the world.
The IFA is the only non-governmental and non-sectorial international organisation that deals with fiscal matters and has more than 12,500 members from 112 countries. For further information on IFA please click...
Vistra Malta recently celebrated its 5th Anniversary with clients, business partners and other distinguished guests. Hosted at The Saluting Battery, guests were entertained by music from the Hot Club of Valletta performing Jazz Manouche.
During the welcome speeches, the Honourable Minister for Finance, Professor Edward Scicluna, commended Vistra for choosing Malta as a base, and said that the Government's role is to ensure political stability, exercise fiscal prudence and reduce bureaucracy as much as it can, thus allowing businesses to grow, thrive and create employment.
Vistra Malta thanks all those who attended for an enjoyable evening in stunning surroundings.
On 15 May 2015 Singapore’s enhanced regulatory framework for corporate service providers came into effect. The framework is administered by the Accounting and Corporate Regulatory Authority (ACRA).
The enhanced framework meets international standards on anti-money laundering and counter terrorism financing established by the Financial Action Task Force.
Under the framework, corporate service providers are required to register themselves as filing agents and qualified individuals. Filing agents and qualified individuals need to fulfil ‘fit and proper’ considerations and comply with terms and conditions imposed under the ACRA regulations. Sanctions are imposed on both filing agents and qualified individuals if the terms and...