UAE and Economic Substance – Don’t be tempted to avoid its relevance!
The implementation and management of Economic Substance Legislation (ESR) has been in existence for some time, across much of the financial services industry. Different jurisdictions have been introducing their own rules around this topic and the OECD has kept a watchful eye on its progress. This article isn’t intended to...
Read morePraxisIFM celebrates fifth anniversary in ADGM and secures Corporate Services Provider Licence in the UAE Capital
PraxisIFM is celebrating its fifth year of establishment in the ADGM financial district and has been awarded a licence to operate as a Corporate Service Provider (CSP) and preferred partner, capable of advising and administering Special Purpose Vehicles and Foundations. The company, which is based on Al Maryah Island in...
Read moreCitywealth lists PraxisIFM as finalists in the IFC awards
PraxisIFM has been shortlisted in two categories of the 2022 Citywealth International Financial Centre (IFC) Awards. Both our Hong Kong and Guernsey Private Client & Corporate teams have been named as finalists for Trust Company of the Year – Hong Kong & Singapore, and Guernsey respectively. The 11th edition of the Awards will take...
Read morePraxisIFM power women achieve Citywealth shortlist success
Two PraxisIFM female leaders have been highlighted in the 2022 Citywealth Powerwomen Awards shortlist. Managing Director in our UK office Donna Shorto, who has twice been previously highlighted by Citywealth as a future leader, has been shortlisted for the Mentor of the Year award, while Joanna Caen, our Managing Director...
Read morePraxisIFM future leader shortlisted for industry award
PraxisIFM Trust Manager Jodie Travers has been shortlisted in the Trustee of the Year- Manager category of the Citywealth Future Leaders Awards. The awards champion young professionals in the wealth management and private client sector and celebrate individuals who demonstrate real promise as the industry’s next generation of leaders. Jodie...
Read moreYacht ownership solutions added to service range
PraxisIFM has acquired the established yacht ownership services business of Abacus Trust Group in Malta, expanding its Private Client & Corporate division. The acquisition will build on the Group’s financial services offering, adding to its well-regarded Private Client & Corporate, Pension and Fund businesses. As a result of the acquisition...
Read morePraxisIFM adds wealth of experience to Jersey team
PraxisIFM has appointed two experienced financial services professionals to its Private Client & Corporate team in Jersey, whose joint expertise will strengthen the team. Ann Shanahan has been appointed as Head of Compliance and will sit across the Private Client & Corporate and Funds departments, and Samantha Godwin has been...
Read morePraxisIFM all aboard with Variety Sailing Trust sponsorship
PraxisIFM has become local Jersey Charity the Variety Sailing Trust’s main sponsor. The Variety Sailing Trust was established 28 years ago in partnership with the Government of Jersey Youth Service with the aim of providing sailing opportunities for disadvantaged young people and children with special needs. The charity operates a...
Read moreUK Budget update
Yesterday’s UK Budget provided some positive news for our SME clients. Business grants, the stamp duty holiday extension and the still competitive corporation tax rates increases (which are not due to be implemented until 2023 in any event) will be well received. The widely-anticipated stamp duty holiday extension should help...
Read morePraxisIFM Switzerland trustees win back-to-back in Citywealth IFC Awards
Congratulations to Hakim Berhoune, Director at PraxisIFM Trust SA, who has been named Trustee of the Year – Switzerland in the 2021 Citywealth IFC Awards. This is the second consecutive year that a Director from our Switzerland Trust team has been named Trustee of the Year in their respective category,...
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