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Two 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. Mrs McDonald is responsible for overseeing the entire day-to-day operations of the company including internal audit, data protection and operational systems. With over...

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Hat 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 –...

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Donna 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...

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What 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...

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Guernsey 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...

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BVI 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...

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Chartered 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...

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Update 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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Making Tax Digital

Making Tax Digital (MTD) is a new initiative from HM Revenue and Customs (HMRC) that is transforming the existing UK tax system. The primary aim of MTD is to make tax administration more efficient and easier for businesses to report their profits and losses closer to ’real time’. It will...

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Luxembourg: Central Register of Ultimate Beneficial Owners

A law introducing a central register of ultimate beneficial owners (UBO) in Luxembourg will come into effect in March 2019.  Robert Kimmels, Managing Director, takes a closer look at what this means for clients. Background Luxembourg’s Parliament approved a new law on 13 January 2019 on the introduction of a...

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