The EU is adding to its list of non-cooperative jurisdictions

The latest additions comprise Anguilla, the Bahamas, and Turks and Caicos Islands adding to those already on the blacklist of tax-havens. All three Caribbean countries are being added to the list because they facilitate “offshore structures and arrangements aimed at attracting profits without real economic substance by failing to take all necessary actions to ensure … Read more

Board changes announced at Forward Group

Forward Group, an owner-managed fiduciary business headquartered in Jersey, can confirm that Linda Gallichan and John Asplet are stepping away to focus on their core business, chartered accountancy practice, GS Limited. Historically, Forward Group was a subsidiary of GS Limited until 2018 when it separated and rebranded into the fully licensed trust company that exists … Read more

Economic Substance Changes

The Jersey Tax comptroller has withdrawn the concession granted in relation to economic substance originally introduced in March 2020, relating to the difficulties of the holding of physical board meetings in Jersey as a result of the pandemic. The holding of meetings, whereby a quorum of the board are physically present in Jersey is part … Read more

Revised Terms and Conditions of Business

Forward Group has revised its Terms and Conditions of Business effective 13 September 2022. The changes are designed to ensure that our take on process and the associated client engagement documents fit together in the most efficient way. The Terms and Conditions of Business are available to download from our online document depository here: … Read more

London – The destination of choice for Hong Kong HNWI migration

Uncertainty continues to surround the introduction of Chinese national security law, unsurprisingly there has been considerable impact on Hong Kong’s future as one of the Asia Pacific’s leading financial centres; especially as the bridge that Hong Kong traditionally represented between China and the rest of the world. China’s potential powers to freeze or confiscate assets … Read more