Jersey and Guernsey have mature, dynamic and innovative fiduciary services industries with specialists able to assist in all aspects of complex tax planning and structuring.
Backed by robust legislative and regulatory infrastructures that others seek to emulate, both Jersey and Guernsey are recognised as leading jurisdictions for fiduciary business in the world. Recent enhancements to the Jersey trust and company laws have further expanded the range of flexible vehicles that can be used on the Island. However, with a rapidly changing industry and an increasing complexity of structures being established, it is essential that appropriate advice is taken when considering all aspects of the fiduciary industry.
All resident professional trust and company service providers are formally regulated by their Island’s independent regulatory authority, the Jersey Financial Services Commission (JFSC) or the Guernsey Financial Services Commission (GFSC). They are subject to external audit and are required to adhere to formal Codes of Practice, which include strict corporate governance and regulatory capital requirements. Various submissions must be made annually to the regulators including audited accounts, a statement of compliance with the regulations; and copies of relevant documents. Regulatory scrutiny is therefore high, leading to an increasing number of service providers seeking independent expert advice.
The PwC Channel Islands firm is able to offer a unique blend of expertise to clients. We are able to combine the skills and expertise held with our assurance group's trust specialists and our tax experts. This enables us to provide a dedicated team of high quality professionals, who are able to examine and discuss an extensive range of tax, accounting, compliance, risk management and forensic accounting issues with our clients. They will question and challenge where necessary to ensure our clients are able to find the most appropriate solutions for their needs.