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.
CRS & FATCA
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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23 Nov 2017
Date: 21 - 22 February 2018
Location: Cape Town, South Africa
20 Nov 2017
13 Dec 2017
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.
To build partnerships with our clients that enable them to focus on their core business.
We live and breathe our values and together they form our unique culture and JTC DNA.
JTC’s shared ownership philosophy extends to the communities where we live and work.
Established in 1987, we are proud of our history and excited about our future.
Join a dynamic team at JTC where everyone is dedicated to continuously delivering a service beyond our clients' expectations.
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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.
JTC Gateway offers our people the opportunity to develop their careers by working in Group locations across the world.
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.
JTC is an international organisation with global reach and true cross border capability. We are proud of our ability to provide the best solutions for clients irrespective of geography.
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Isle of Man
uk - London
USA - Miami
USA - New York
USA - South Dakota
In October 2008, the States of Jersey approved The Foundations (Jersey) Law 2009 (the ‘Law’) which came into force on 17 July 2009. The Jersey Foundation (the ‘Foundation’) is a new type of entity offered by Jersey’s finance industry and it has features similar to both companies and trusts. The Foundation is more easily understood by those from a civil law background. It offers a degree of confidentiality and control that can be beneficial when considering philanthropic aims and in certain commercial circumstances.
The person who requests for the Foundation to be incorporated is the ‘founder’. The application made to the Companies Registry of the Jersey Financial Services Commission (JFSC) must be lodged by a ‘qualified person’ (meaning a body registered with the JFSC to carry on trust company business). The founder instructs the qualified person to make the application and in doing so, the qualified person lodges a certificate containing various confirmations, the application fee and the ‘Charter’ with the JFSC.
The Charter, which is available for public inspection, must contain information relating to:
The Regulations are a private document setting out the administration of the Foundation and how its objects are to be carried out. These do not need to be filed on the public record. The Regulations will make reference to:
A Council administers the Foundation and carries out its objects. Each Council must have a qualified member and upon incorporation this will automatically be the qualified person. There is scope to change a Qualified Member following incorporation. The founder can be a member of the Council if this is desired and in keeping with any tax advice taken. The founder can also retain an element of control should he reserve certain powers for himself (this would also more than likely depend on the tax advice taken).
Those persons who are appointed as council members under the Regulations of the Foundation will not owe a fiduciary duty to the beneficiaries. In practice, this will give the founder and the qualified person the ability to draft the constitution of the Foundation in any way they wish.
Unless the Charter or Regulations expressly provide, beneficiaries have no interest in the Foundation’s assets and are not owed any duties by the Foundation Council.
A founder can also be a beneficiary and a Foundation can exist with no beneficiaries.
All Jersey Foundations will be required to have a guardian who will oversee the administration of the Foundation and ensure that the council carries out its functions properly. The founder or the qualified person, but no other council member, may be the guardian. The guardian may be a corporate entity.
A Foundation must include its name and business address on all written communications and maintain certain records at the qualified member’s business address including:
A Foundation is under no obligation to disclose any information to any person unless required to do so by law, so disclosure to beneficiaries is not required unless provided by the Charter or Regulations.
Foundations will be taxed in Jersey at 0% unless there is a Jersey resident beneficiary or it owns real estate in Jersey.
JTC is able to provide the following services to those clients who wish to incorporate or transfer the administration of a Foundation:
Foundations will appeal to:
The Foundation is yet another offering of Jersey’s finance industry which complements the diverse range of vehicles which can be used for international structuring. The Jersey Foundation has been specifically designed in such a way that it differs from Foundations offered in other jurisdictions giving the Jersey model its own unique characteristics such as the ability to merge with other Foundations and other corporate bodies.
This publication is intended to provide an overview of the subject matter and is not comprehensive in nature or to be construed as legal or tax advice. We recommend that clients seek professional advice on any particular matter.
Group Head of Private Wealth Services
Group Director - Private Wealth Services
JTC Group entities that carry on regulated business are (respectively): regulated by the British Virgin Islands Financial Services Commission; the Cayman Islands Monetary Authority; the Guernsey Financial Services Commission; the Jersey Financial Services Commission; the Commission de Surveillance du Secteur Financier and the Ordre des Experts-Comptables (Luxembourg); the Financial Services Commission (Mauritius); De Nederlandsche Bank (Netherlands), the South African Financial Services Board as an authorised financial services provider; chartered and regulated to provide trust services by the South Dakota Division of Banking in South Dakota (USA); a member of l’Association Romande des Intermédiaires Financiers (Switzerland); licensed by the Isle of Man Financial Services Authority and authorised and regulated by the Financial Conduct Authority (UK).
L’Association Romande d’Intermédiaires Financiers (ARIF) is a self-regulated agency approved by the Swiss Financial Market Supervisory Authority (FINMA) for the supervision of financial intermediaries referred to in Article 2 para.3 of the Swiss Federal Act concerning the fight against money laundering and terrorist financing in the financial sector (LBA). ARIF is also recognised by FINMA as a professional organisation for the enactment of rules of conduct relating to the exercise of the profession of independent managers within the meaning of the Collective Investment Schemes Act (CISA).
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