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
23 Nov 2017
Date: 21 - 22 February 2018
Location: Cape Town, South Africa
20 Nov 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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USA - New York
USA - South Dakota
The Law on the reserved alternative investment fund (RAIF) or “fonds d’investissement alternatif réservé” (FIAR) was adopted on July 14th 2016 by the Luxembourg Parliament (the RAIF Law).
Benefits of using a RAIF
The RAIF vehicle will combine the characteristics and structuring flexibilities of Luxembourg regulated specialised investment funds (SIFs) and investment companies in risk capital (SICARs) as AIFs managed by an authorised AIFM, except that RAIFs will be non-regulated investment funds.
The RAIF will not be subject to prior authorisation by the CSSF before it can be launched and carry out its activities, and will not be subject to ongoing supervision by the CSSF. The RAIF will however, be required to comply with AIFMD product rules, including the appointment of a depositary and an independent auditor. The AIFM of a RAIF shall be able to market the RAIF to professional investors in Member States by using the AIFMD passport.
Collective Investment schemes not eligible for the RAIF regime
The following collective investment schemes are not eligible for the RAIF regime:
Constitution of a RAIF
A RAIF may be established in contractual form (FCP) or corporate form (SICAV/SICAF). The corporate forms are:
Organisation of a RAIF
RAIFs can be organised as an umbrella fund where it will consist of one or more sub-funds/compartments, or can be structured as a single fund. Whether the RAIF is organised as an umbrella fund or a stand alone fund, it is possible for there to be multiple classes of shares/unit.
The RAIF Law also details that a RAIF organised as an umbrella fund will be provide sub-funds/compartment with the “ring-fencing” principle to separate part of the assets and liabilities of the RAIF. Sub-funds/compartments in the RAIF will also be able to “cross-invest” in another compartment, without being subject to the requirements of the law regarding subscription, the acquisition and/or the holding by a company of its own shares.
Restrictions on a RAIF
A RAIF is not subject to any legal investment and borrowing rules, which enables a RAIF to be very flexible with regards to which assets the RAIF may invest in and its investment strategy. The RAIF will however remain subject to the principle of risk diversification. If however, the RAIF restricts its investment policy (in its constitutive documents) to investments in risk capital only, it will not be obliged to comply with the risk diversification principle.
RAIFs may be marketed to the following types of investors:
RAIFs shall be submitted to the same favourable tax treatment as the one applicable to SIFs or SICARs as it is exempt from income and net wealth taxes, its distributions are exempt from withholding tax
RAIFs are subject to annual subscription tax (taxe d’abonnement) at a rate of 0.01%. The Law however states some exemptions for RAIFs from the subscription tax. Some examples of RAIFs that would be exempt are institutional money market RAIFs meeting certain criteria, RAIFs set up as a pension pool vehicle for a group and microfinance RAIFs. Any RAIF will have to be registered on a RAIF-list to be kept by the Luxembourg Registrar of Commerce and Company.
Director - Head of Business Development, Luxembourg
Managing Director - JTC Luxembourg
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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