Administration

ESOP Administration

Image
ESOP Administration

The Employee Stock Ownership Plan (ESOP) is a benefit scheme that gives employees ownership interest in companies. It's a corporate finance strategy that aligns the interest of employees with those of shareholders. The company usually holds the shares provided to employees in a trust for safety and growth, until the employee resigns or retires from the company.​

When establishing an ESOP, it's typical to use the services of an independent third party. At Vistra, we can support any entity or corporate that's keen to set up such a scheme.  ​

Similar in intent, Employee Welfare Trusts (EWT) are established to cater to employee welfare needs, such as funding child education, medical costs and extraordinary expenses not covered under compensation.​

We offer a suite of customised services in this area, which include:​

  • Review of transaction documents​
  • Executing of trust documents and obtaining PAN/TAN​
  • Opening and operating trust bank/depository/broker accounts​
  • Undertaking purchase and sale of securities, through an appointed broker, in line with a pre-approved investment policy​
  • Implementing the benefits application policy​
  • Recording approvals and maintaining trust accounts​
  • Filing tax returns and ensuring tax compliance​
  • Reporting and MIS
Read More
Many private equity firms are embracing ESG – environmental, social and governance – criteria, both when running their own operations and making investments. They are responding to rising investor demand and preparing for inevitable ESG reporting and other compliance regulations.
Join this webinar to learn about the fund products available in the BVI, and how it can suit your needs as an investor or manager.
China passed a comprehensive new data privacy law that takes effect 1 November. Companies operating in China and those serving China-based customers must comply with the tough new requirements or risk significant fines and penalties.
White

Contact Us

We go to the ends of the earth for you
  • 5,000 Professionals
  • 85+ Offices
  • 45+ Jurisdictions
See all locations