Geneva Trust is a leader in corporate and fiduciary services. Our international cross-border structures offer sophisticated but genuine financial solutions in establishing and managing entities to hold a wide range of assets, including family-owned businesses, real estate, yachts and art collections.
Embracing the transformation facing global financial services, we ensure that our clients’ structures stay ahead of the changing environment. We achieve this objective, amongst others, by encouraging clients to assume responsibility for the administration and monitoring of assets by serving as directors or co-directors of their entities.
Incorporation of Legal Entities
As a leading international financial centre, Anguilla maintains an environment of transparency, stability, and predictability providing the right platform to corporate investors. We have a wealth of experience in the incorporation of companies and foundations. This enables us to provide invaluable and comprehensive incorporation services that can be tailored to suit your particular needs. Geneva Trust can assist in:
selecting a corporate structure that is suitable and practical;
filing and obtaining permission for the proposed names;
preparing and filing of all legal documents including the Memorandum and Articles of Association and other incorporation documents;
providing the statutory registers and share certificates.
Once incorporated, Geneva Trust will provide on-going domiciliary services of the highest quality to maintain your company’s good standing in accordance with local requirements.
To learn more about Anguilla companies, see our article.
Corporate Administration
Maintaining the good standing of structures and entities in conformity with the relevant law, require us taking on administrative functions on behalf of our clients, including the opening and operating of bank accounts, reviewing and preparation of corporate legal documents, and liaising with the client's local advisors for legal and accounting matters.
Company Management
Clients increasingly move the place of effective management of part or all of their business affairs to countries other than the country of incorporation and, as a result, require more than the simple provision of a registered office and a local representative. They need to keep pace with more complex and comprehensive operational support, all with limited resources.
By providing professional board members and administrators, Geneva Trust Directors become co-responsible for the day-to-day management of the local company to ensure the company's good standing in accordance with local requirements.
Accounting
Geneva Trust offers a range of accounting services to its clients. These include the maintenance of the client's books and records in accordance with statutory legislation and directives, and the preparation and filing of all required reports and specifications including annual tax returns, if required. Geneva Trust may further assist, as required for Swiss corporations, with the provision of independent Swiss auditors.
In the case of a company, its books of account will be maintained and financial statements prepared for consideration and approval by directors. The directors will be responsible for ensuring that the annual financial statements give a true and fair view of the company’s results and state of affairs. We normally provide financial statements to an audit level in accordance with international accounting standards and can arrange for independent auditors to carry out an audit thereof.
When creating any structure it is essential that clients consider in advance and agree the level of accounting required. Accordingly, we liaise with clients and their advisers as appropriate to ensure that this goal is achieved.
Captive Insurance
A captive insurance company is created and controlled by a business or group for the purpose of insuring that company's risks. Captives provide many benefits to the group, such as saving in the purchase of traditional covers, enhancing risk management and control improvement, supporting other business strategies and optimizing the whole financial policy of the group. Furthermore, captives allow companies to develop more flexible insurance system with direct access to the reinsurance market which reduces insurance costs and stabilizes the insurance budget. Many business are therefore moving away from transactional insurance programs to ones more aligned with their changing needs. Geneva Trust can assist in:
designing a structure
selecting a captive manager
arrange feasibility studies
submitting your application
managing ongoing activities, such as regulatory and tax requirements
Economic Substance
The EU Council requires various offshore jurisdictions to comply with the economic substance requirements for entities that carry on geographically mobile business activities from their territories. A “relevant activity” as so defined includes banking, insurance, fund management, financing, or acting as a holding entity.
Geneva Trust can provide assistance to ensure that your Anguilla entity complies with the economic substance requirements by
Assessing how the Economic Substance Act will impact your structure or company
Determining the adequate level of economic substance needed to demonstrate a physical presence in the jurisdiction
Outsourcing core activities and providing adequate premises in Anguilla.
For further information, see our article Navigating Economic Substance.