With a multi-disciplined approach AAMIL Global Financial Services offer clients full offshore administrative support and investment management services. Group Managing Director, Dr Ludovic C. Verbist explains more…
Transparency and substance are the new elements determining the success of jurisdictions providing financial services. Today, people are looking for a more compliant and multi-jurisdictional approach in estate planning rather than concentrating merely on fiscal objectives.
With the change in the international environment, offshore jurisdictions are bound to abide by international practice and standards regarding transparency and exchange of information in order to thrive as a clean and compliant jurisdiction. Reports on peer reviews carried out by the IMF and the OECD may seriously impact on the international reputation of a jurisdiction.
Jurisdictions offering substance and solutions combining both onshore and offshore planning will more likely be able to keep their heads above water during the coming decade. Today, new wealth planning and trust solutions for high-net worth individuals and families will depend essentially on each specific situation and its objectives. It is clear that jurisdictions offering onshore and offshore solutions supported by a proper legal framework, tax professionals, private bankers, investment managers, and professional trustees will fit in clients’ needs and wishes. AAMIL with its multi-jurisdictional presence can offer needed tailor-made solutions to clients.
AAMIL was founded in 1997 in Mauritius, ideally located between Asia and Africa and a well established jurisdiction, which has always been on all international white lists. Today, over forty professionals based in Mauritius and Seychelles are well supported by teams based in Geneva, ZuI?rich and London as well as Luxembourg and Mumbai.
AAMIL offers the traditional corporate services and provides assistance as and when required, working directly with clients or through intermediaries. AAMIL strongly believes that the key to a successful structure is a common understanding between the client and the advisor. As highlighted above, the needs for substance and proper management and control are paramount. AAMIL prides itself in offering just that: providing substance, making the best use of the extensive Double Taxation Agreements (DTA ) available, looking at after-tax profits as opposed to before-tax profits, being compliant, being transparent but at the same time maintaining the utmost confidentiality and integrity.
AAMIL offers a wide array of services to clients through its different offices. In addition to traditional corporate work, AAMIL is also active in international tax planning, asset management, fund administration and relocation services worldwide. Please let us know how we can better inform you about such, including the incorporation of companies, trustee work, as well as examples of uses of DTA .