Saffery Trust has launched a new offering in the Cayman Islands, one of the world’s leading offshore financial centres. Saffery Trustee Company (Cayman) Limited (STCCL) will provide Cayman trust and corporate services as a registered controlled subsidiary of a licensed Cayman trust company. Such services will be in conjunction with Saffery Trust fiduciary professionals in […]
Just over a year ago, in a letter to the New York Times, Swiss entrepreneur Hansjörg Wyss pledged a cool US$1bn to environmental conservation projects, the largest donation to such causes ever made by one person. The news was eye-catching for several reasons: the sheer amount committed, its purpose and the timing – just as demand for […]
Saffery Trust and their advisors secured approval from the Grand Court of the Cayman Islands for a “momentous decision” concerning the liquidation of a complex and high value trust. Saffery Trust managed and administered a dynastic wealth structure established to manage certain assets and business affairs of the late patriarch of a Middle Eastern family […]
Lisa Vizia, a Director at Saffery Trust, has been named in the 2020 eprivateclient’s 50 Most Influential list. The list is designed to identify, recognise, promote and introduce the leading practitioners of the private client professions and shows the breadth and depth of talent at the forefront of the private client professions today. Those that […]
On 29th April 2019 the Guernsey Revenue Service issued detailed guidance on economic substance requirements in Guernsey. The economic substance legislation came into effect on 1 January 2019 and will affect many companies administered in the Bailiwick of Guernsey. Background Companies that are tax resident in Guernsey and receive income from a core income-generating activity […]
There have recently been significant changes to the Guernsey company tax rules. These changes not only affect companies already subject to Guernsey tax but also bring many companies into the Guernsey tax regime for the first time. Before 1 January 2019, companies were considered to be tax resident in Guernsey only if they were incorporated […]
