Brexit Q&A for multi-national businesses
It’s over three years since the UK voted to leave the European Union (EU) by a majority of 52% to 48%. Nine months later, in March 2017, then-Prime Minister Theresa May triggered Article 50 (the formal process to leave) meaning the UK was due to leave at the end of...
Read moreOECD backs new Economic Substance Regimes
A number of jurisdictions where PraxisIFM provides services have introduced Economic Substance legislation following recommendations from the European Union and the Organisation for Economic Co-operation and Development (OECD). We are pleased to report the OECD forum on Harmful Tax Practices has reviewed the tax practices of those jurisdictions and confirmed...
Read moreTwo senior management appointments in Jersey Trust office
PraxisIFM has strengthened the senior management team in its Jersey Trust office with the appointment of Barbara McDonald as operations director and Jade Fellowes as senior manager. Barbara is responsible for overseeing the entire day-to-day operations of the company including internal audit, data protection and operational systems. She has over...
Read moreHat trick of award nominations for PraxisIFM
PraxisIFM has been nominated and shortlisted in the ‘Trust Company of the Year’ category in two jurisdictions – Guernsey and Hong Kong – in the Citywealth International Finance Awards 2020. Client Director, Fritha Beck, from our Geneva office has also been nominated in the Trustee of the Year – Switzerland –...
Read moreDonna Shorto shortlisted in the Citywealth Future Leaders Awards 2019
We are delighted to announce that Donna Shorto, PraxisIFM’s Managing Director in the UK has been shortlisted for ‘Trustee of the Year – Director’ category. The awards, now in their fifth year, champion young professionals in the wealth sector and highlight the leaders under 40 of today and tomorrow. The...
Read moreWhat Brexit means for VAT-registered businesses
It’s the word we all dare to mention however, whether the UK leaves the EU with a deal or not, businesses need to consider the potential implications which may ensue. Of course, there remains a possibility that the current Government fails to deliver on Brexit which could force a general...
Read moreGuernsey Client Director named in Top 35 Under 35 list
Blane Queripel has been included in this year’s Channel Islands Top 35 Under 35, published by eprivateclient. The list, which eprivateclients considers as the ‘definitive list of young private client practitioners’, is eligible to all those working in the legal, accountancy, trust and residential property investment industries. It has been...
Read moreBVI Economic Substance Law
The British Virgin Islands (BVI) has passed legislation requiring certain legal entities which carry on ‘relevant activities’ to demonstrate that they have adequate economic substance in the BVI. Any company (or limited partnership with separate legal identity) that is registered or incorporated in the BVI should be aware of this...
Read moreChartered Director status for Isle of Man MD
Managing Director of PraxisIFM in the Isle of Man, Anna Mazzilli, has been awarded Chartered Director status by the Institute of Directors. Chartered Director status recognises the high standards and capabilities that are needed for ensuring that the profession of ‘director’ is understood and placed at the heart of organisational...
Read moreUpdate on Nerine Group acquisition
We announced last summer that the Nerine Group would be joining the independent financial services group, PraxisIFM, and we are pleased to now provide an update on the work that is taking place to bring the businesses together. It has been a busy period for our Hong Kong office which...
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