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.
Call +44 1534 700 000Email us Our Global Network
12 Oct 2017
Date: 21 and 22 November 2017
3 Aug 2017
18 Oct 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
Legal protection of Intellectual Property (‘IP’) and IP rights in Malta is ensured through domestic legislation as well as through Malta being a member of the World Intellectual Property Organization (‘WIPO’) and a participant to a number of international agreements relating to IP rights such as the Paris Convention, Berne Convention, WTO TRIPS Agreement, Patent Cooperation Treaty, European Patent Convention and WIPO Convention.
Scope of IP
The scope of IP includes copyright, trademarks, patents, industrial design rights and trade secrets.
Over the years, Malta has established itself as an attractive jurisdiction for entrepreneurs wishing to safeguard their IP rights.
IP, as an asset, can be held by any legal or natural person, and the most appropriate vehicle will depend on the nature of the IP and the considerations of the beneficial owner of the Maltese vehicle. The most common vehicles for holding IP in Malta are limited liability companies or private foundations.
Various different types of intellectual property income attract different tax treatments. Given the flexibility of the IP holding infrastructure in Malta, it is possible, with proper planning, to achieve a rate of 0% tax from IP income.
Malta income tax law provides for a full exemption from Malta income in respect of royalties, advances and similar income derived from:
a. Qualifying patents in respect of inventions;
Also exempt is income derived from a foreign company registered in Malta (branch) which does not derive the income from the IP from Malta, and does not remit the income to Malta
Royalty income which does not satisfy any of the conditions for the application of the exemption may still benefit from a very low effective tax burden as a result of Malta’s tax credit system. In most cases the applicable refund will be 6/7ths resulting in an effective tax burden of 5%. Income from ‘passive royalties’, on the other hand, will qualify for a 5/7ths refund resulting in an effective tax of 10%. The term ‘passive royalties’ refers to royalties that are not derived, directly or indirectly, from a trade or business and which have suffered less than 5% foreign tax whether directly, by way of withholding, or otherwise. Where double tax relief is claimed on foreign royalty income, refunds will be 2/3rds of the tax paid by the payor company.
Malta IP entry benefits
A foreign company may upon a migration to Malta, a cross-border merger or a transfer of residence, opt for a tax free set-up in the value of foreign assets from historic market value (book value) to fair market value.
Therefore, in a situation of a foreign incorporated company which is tax resident in Malta, the Malta resident company would be deemed as a resident but non-Malta domiciled entity for Malta tax purposes. As a result, no Malta income tax would be triggered on:
a. Foreign sourced passive income to the extent that such income is not received or remitted to Malta; and
b. Foreign sourced capital gains even if remitted to Malta.
Malta IP exit benefits
Malta also offers various IP tax efficient exit strategies, that is:
a. Intra-group transfer of the IP asset with full tax exemption and no claw-back on subsequent disposals by the related party transferee. An intra-group transfer occurs where an asset is transferred from one company to another and such companies are controlled and beneficially owned, whether directly or indirectly to the extent of more than 50% by the same shareholders;
b. Disposal by a Malta resident, foreign incorporated company of a non-Malta registered IP with the resulting foreign source capital gain being outside the scope of Malta income taxation;
c. Malta IP company or branch of a foreign company migrate out of Malta in which case, there would be no imposition of exit taxation in Malta. Therefore, there is the possibility to transfer residence/domicile outside Malta without triggering Malta tax. There are no exit taxes on winding up of a branch or outward redomiciliation of a company in Malta.
In certain cases, the use of a double tier Malta structure may have a number of advantages where the tax refunds would be taxed less favourably in the hands of foreign resident shareholders in their country of residence, than dividends (which may be exempt).
Managing Director - Malta
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 Malta Financial Services Authority; 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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