We are an independent global specialist in the administration of traditional funds and alternative assets with a particular specialism in private equity and real estate.
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We can support your fund through its entire lifecycle and the growth of your business. We provide a comprehensive range of private equity solutions delivered from key onshore and offshore jurisdictions to leading companies investing in a broad range of industries.
Our Fund Services Division has a proven track record in providing a broad range of fund services where the asset class is real estate.
JTC’s strong track record in operating at the leading edge of alternative asset classes continues with its innovative and market-leading capabilities in the emerging sphere of cryptocurrencies.
JTC Fund Services can offer a fully AIFMD-compliant ManCo service. The activities of the ManCo include providing a portfolio management, risk management and oversight function.
We have a deep understanding of listing funds on internationally recognised stock exchanges and the ongoing regulatory requirements of administering listed funds.
As a truly independent fund administrator you can be reassured that your fund administration requirements are entrusted to people that care about your investment structures.
We will project manage your application and guide you through the process and co-ordinate the various advisors to assist with the fund launch and strive to ensure everything happens within the expected timescales.
We offer a transparent, proactively managed range of cash management, foreign exchange and lending services, supported by a dedicated team of experienced professionals.
JTC Corporate Services provides a comprehensive range of corporate and fund services from key onshore and offshore jurisdictions to leading companies in their field of expertise.
We provide corporate finance services for corporate and institutional clients including debt capital solutions, treasury and escrow services.
We provide employee benefit structures, administration services to ensure employees get maximum value from the plans that organisations put in place.
Global experience in this dynamic asset class, spanning our corporate, funds and private client divisions.
JTC Private Wealth Services specialises in protecting and nurturing your private capital in real estate, financial and non-financial assets across countries and generations.
Superior service delivered by industry leading experts for private individuals, entrepreneurs and their families.
We provide a tailored range of private office solutions that work effectively for each family, from generation to generation.
We are able to partner with corporate and institutional wealth providers to complement their service offering by providing trust and company services.
In an age of truly international mobility, we also offer market-leading citizenship-and-residency-by-investment solutions via a strategic alliance with market-leading provider Henley & Partners.
JTC has extensive cross-jurisdictional experience and expertise in working with institutional and private clients in Africa, Americas, Asia, Australasia, Caribbean, Channel Islands, Europe, Middle East, Russia & CIS and the United Kingdom.
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12 Oct 2017
Date: 21 and 22 November 2017
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We are JTC, an independent, award-winning provider of fund, corporate and private wealth services to institutional and private clients.
We value shared ownership, we put relationships first, we invest in our people, we embrace technology. We are JTC.
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We live and breathe our values and together they form our unique culture and JTC DNA.
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We want everyone, wherever they work in the JTC network, to be able to develop the skills and knowledge that they need to be excellent in our world and we deliver this to our team through the JTC Academy.
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JTC is committed to the policy of equal treatment of all its employees and requires all employees of whatever grade or authority, to abide by and aspire to this general principle.
We have a highly qualified and multilingual workforce. In 1998 we created the JTC Employee Benefit Trust, which turned our employees into stakeholders. This enables us to attract and retain the best people, whilst keeping them absolutely motivated and dedicated to our clients.
In 2014 this belief in share ownership was embedded further into the JTC culture with the equity for all scheme, allowing all permanent members of staff the opportunity to invest in the future of their company. That helps explain why they are so dedicated and care so much about their client’s work.
Our shared ownership culture benefits our clients.
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This summer, despite the view of the property profession being remain, ‘Brexit’ become a reality. The following weeks felt post-apocalyptic with resignations, plunging markets, and dire predictions for the UK economy and property but with Article 50 not activated perhaps the real challenges lie ahead for UK real estate.
Following the London 2012 Olympics debate on Europe leading City ended with London collecting the gold medal. As another Olympics closes, the City’s position is under pressure in a post-Brexit world. The potential of financial services businesses relocating to the EU, creates concerns over both capital values and rental growth. Each property asset class is affected by concerns about the UK’s economic growth and the inherent impact on rents and prices.
The gating of six open-ended real estate funds received significant publicity and regulators will consider protection for investors who require immediate liquidity from funds that hold illiquid property. Those funds that sold did not realise book value and the sentiment is values have fallen. Some gated funds recognised sentiment and marked down the value of assets, which may have added to the pressure.
Now we wait to gauge the impact on the Channel Islands of the UK negotiations and exit from the EU. In March SDLT relief was given to certain UK structures, whilst unexpected changes to the tax treaties between the Channel Islands and the UK mean offshore developers of UK real estate will be taxed. As a result, development companies have been redomiciling or becoming UK tax resident. Hopefully, this is an anomaly rather than the inception of wholescale changes to the taxing of commercial property. Post Brexit it is a brave Government that adds to the reasons not to invest into the UK.
While the OECD Base Erosion and Profit-Shifting Initiative will affect structures that use debt to increase investor returns, the maximum 30% rate of interest over Earnings Before Interest, Taxes, Depreciation and Amortization creating a challenge for highly geared vehicles particularly if rental levels come under pressure which will be compounded if interest rates rise.
Guernsey and Jersey received positive news in July on AIFMD passporting into the EU meaning the Islands will be able to market funds into the EU, a leap ahead of the UK and potentially a shift of the funds industry in our direction.
Immediately post Brexit, the devaluation of Sterling means UK real estate is cheaper for overseas investors, to whom Channel Island structures are beneficial. It remains to be seen if this attraction continues or if traditional transaction fundamentals prevail, putting pressure on capital values, particularly if rental growth looks limited.
Many international investors have concerns about the UK’s recent push for public transparency on ownership for indigenous companies and real estate. The Channel Islands will remain attractive with their offering of public privacy balanced out by strong regulatory transparency.
Time brings new challenges and now the World’s attention is diverted from Brexit. The new focus is the US election, and we may see a flight of capital with the Channel Islands well positioned to benefit.
Real Estate Services - Institutional Client Services
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