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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12 Oct 2017
Date: 21 and 22 November 2017
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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
Malta, being the first EU member state to regulate remote gaming, has successfully established itself as a leading, serious and well-regulated European online gaming jurisdiction. There has been a steady increase in the number of licensees operating in Malta during the last decade. In fact Malta currently hosts around 10% of the world’s online gaming companies and is home to some of the world’s largest and most profitable online gaming companies.
The remote gaming sector is regulated under the provisions of the Remote Gaming Regulations. The Lotteries and Gaming Authority (‘LGA’) is responsible for the governance of all forms of gaming in Malta, including remote gaming.
Any person engaged in the carrying out of remote/online gaming activities in or from Malta must be licenced by the LGA to provide remote/online gaming operations, unless such person is already in possession of a valid licence which is recognised by the LGA.
Intermediaries (also known as ‘skin’, ‘affiliate’ or ‘white label’) partnering with a licensee for marketing purposes do not need to be licenced (although notifications are required).
The LGA has a licencing framework based on 4 different classes, being:
Required for operators managing their own risk on repetitive games (including casino-type games and online lotteries). It is also possible to have a Class 1 on 4 licence, whereby the Class 1 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee).
Required for operators managing their own risk on events based on a matchbook. Under this class, operators can offer fixed odds betting (including odds betting, pool betting and spread betting). It is also possible for operators to have a Class 2 on 4 licence, whereby the Class 2 licensee runs a remote betting office on an existing Class 4 licensee.
A licence to promote and/or abet remote gaming in or from Malta, where players on the network play against each other and operators takes a percentage of the rake for organising and promoting the game (including poker networks, peer-to-peer gaming, game portals). It is also possible to have a class 3 on 4 licence, whereby the operator uses a licenced Class 4 as its platform.
A licence to host and manage remote gaming operators, excluding the licensee itself, whereby software vendors provide management and hosting facilities on their platform. In essence, this is a business-to-business gaming licence.
The Application process can be completed in as little as two months from the submission of a complete application. Furthermore, licences are issued for a period of five (5) years. On the expiration of the initial 5 year term, a licence may be renewed by the LGA for further five (5) year periods at a time.
The prospective licensee submits an application form and provides detailed information about the proposed business and persons involved in the proposed operation. The prospective licensee must demonstrate that the company applying for the Malta remote gaming licence and all related stakeholders are ‘fit and proper persons’, and that it has the business and technical ability to carry out the operation.
The LGA will review the System Architecture and Application Architecture, rules of the games, playing procedures and operator’s procedure. Upon successful completion of Phase 2, a ‘Letter of Intent’ is issued which is in essence a provisional licence for 6 months.
During this phase, the licensee is expected to go live. The authority will closely inspect the gaming office’s control system and related administrative and accounting procedures to ensure compliance with local laws and regulations. Control system must be certified as being compliant (ISO/IEC17799 standard).
Following the granting of a licence, the licensee is under an obligation to comply with certain terms and conditions that may be imposed therein by the LGA, including the appointment of a Key Official within 21 days of issue of the Licence.
One-time Initial Licence Fee
Minimum share Capital
2,300 per month
4,660 per month
4,660 per month
- flat tax
7,000 per month
- flat tx
Class 1 on 4
1,200 per month,
payable to Class 4
Class 2 on 4
0.5% of the gross amount of bets accepted, payable to class 4
class 3 on 4
5% of real income, payable to Class 4
Licence hosting of an EEA licenced Buisness to Consumer Operator
1,165 per month, per operator
Corporate tax in Malta is payable at the rate of 35%. However, shareholders may apply for tax refunds amounting to six-sevenths (6/7) of the tax paid by the company upon distribution of its profits. This effectively results in a net tax paid by the shareholder of 5%.
We pride ourselves on offering a personal and efficient approach with a commitment to tailoring our services to meet your needs. This process is overseen by professionally qualified individuals including lawyers, accountants, chartered bankers, chartered secretaries and trust and estate practitioners.
We assist our clients with all licensing and compliance issues, and provide a full spectrum of services, including company registration, preparation and co-ordination of all aspects of the application process with the LGA and on-going support for operators establishing their operations in Malta.
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.
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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