Maitland in the Isle of Man
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Maitland in the Isle of Man The Isle of Man is an international financial centre close to the United Kingdom and the Republic of Ireland. It has a strong tradition of providing international fiduciary and corporate services, and also has an aircraft and yacht registry. It is an innovative centre, adapting its legislation to provide new opportunities for example in e-business, e-gaming and crypto currencies. It has a stable and diverse economy, an excellent quality of life, and is in the same jurisdiction and time zone as London. Maitland in the Isle of Man Maitland has a strong heritage in the Isle of Man, having established its operation more than 25 years ago in 1990, and is now a key player in the island’s financial and professional services industry. Maitland’s Isle of Man office at Falcon Cliff in Douglas, houses some 69 employees working across corporate and private client services. Our expertise Maitland in the Isle of Man focuses on the advisory aspects, formation and ongoing administration of complex structures on Complex structures behalf of corporate and private clients. Fiduciary Legal Investment The jurisdictions we service include: Isle of Man United Kingdom Cayman Islands Our people Some of Maitland’s top professionals are based in the Isle of Our Isle of Man based lawyers work Man, including lawyers who are multi-lingual and qualified in various key jurisdictions, including the Isle of Man, England, creatively across jurisdictions to provide Wales and South Africa. Rather than being tied to only one optimal solutions. jurisdiction, our Isle of Man based lawyers work creatively across jurisdictions to provide optimal solutions for families and family offices, trusts, foundations and corporations. Other professionals across our corporate and private client services hold industry related professional qualifications, such as Chartered Secretary (ICSA), Trust and Estate Practitioners (STEP), providing services to some 800 entities. Corporate and private client services Investment services Maitland offers a range of sophisticated and flexible investment Legal advisory services tailored to suit the individual needs and requirements of Our main practice areas include offshore trusts and trust law, family offices and private clients. We offer independent investment tax, estate and succession planning, international commercial advisory and reporting services, as well as a comprehensive transactions, cross-border banking and finance, investment funds discretionary portfolio management service. and transactions in works of art. We also offer a full notarial practice service. About Maitland Corporate services Maitland is a global advisory, administration and family office firm We are able to offer clients a complete service consisting of: providing seamless multi-jurisdictional legal, fiduciary, investment and fund administration services to corporate, institutional and • Trust establishment private clients. • Provision of corporate trustees and protectors Founded in Luxembourg in 1976, the firm is privately owned and • Trustee administration fully independent. It has 17 offices in 12 jurisdictions, over 1,100 employees and over $250 billion in assets under administration. • Company incorporation • Registered office and agent services • Provision of corporate and/or individual directors and foundation council • Company secretarial and administration services • Bookkeeping and accounting • VAT registration The Isle of Man has comprehensive trust, company, partnership and foundation law, allowing clients to choose from a variety of different entities to suit their needs as follows: • Trustee Act 2001 • 1931 Companies Act • 2006 Companies Act • Limited Liability Companies Act 1996 • Partnership Act 1909 • Incorporated Cell Companies Act 2010 • Protected cell companies Act 2004 • Foundation Act 2011 However, we are not restricted to only the Isle of Man entities; we have vast experience in providing services to numerous complex cross-border structures. Key contacts Colin Bird Selu Mdlalose Partner Client Service Director T: +44 1624 630027 T: +44 1624 630095 E: [email protected] E: [email protected] maitlandgroup.com Canada | Cayman Islands | Channel Islands | Ireland | Isle of Man | Luxembourg | Malta | Mauritius | Monaco | South Africa | United Kingdom | United States Maitland Services Limited and Maitland Investment Services (IOM) Limited of Falcon Cliff, Palace Road, Douglas, Isle of Man are licensed by the Financial Supervision Commission of the Isle of Man. The information and opinions herein are for information purposes only. They are not intended to constitute legal, financial or other professional advice, and should not be relied upon as such or treated as a substitute for specific advice relevant to particular circumstances. Maitland as a group or any of its member firms or affiliated entities accepts no responsibility for any errors, omissions or misleading statements in this publication, or for any loss which might arise from reliance on the material. No mention of any organisation, company or individual, whether on these pages or not, shall imply any approval or warranty as to the standing and capability of any such organisations, companies or individuals on the part of Maitland. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. M2017_06_06.