Derek RhodesDirector, Alex Picot Trust

Jersey's ConstructiveApproach To Transparency

In Britain, almost every newspaper, with

the exception of the Financial Times,

chooses to paint a picture of offshore

financial centres as being used to hide

money or to avoid tax liabilities.

What the media doesn’t appear to understand is

that there are many good and varied reasons for

using international finance centres.

At their heart, “tax neutral” jurisdictions like Jersey,

enable international trade and global living.

Why offshore finance centres?

Some individuals and families living in less politicallystable parts of the world use international financecentres to protect their assets through structures suchas trusts.

At a corporate level, a tax neutral status and doubletaxation agreements mean that fund companiescan pool their global resources and minimise the

cost for the investor.

Well-run jurisdictions play host to thousands ofleading professionals....

Lawyers, accountants, investment managers andtrustees to name a few, this hub of expertise and

experience can help many businesses andindividuals.

Offshore jurisdictions, especially Jersey,

work closely with authorities around the

world to ensure that tax avoidance and

financial crime are prevented

Jersey has held a register of beneficial

ownership of companies for nearly thirty

years, which is far in advance of almost every

other financial centre in the world.

Jersey's approach to new regulations has

been to engage cooperatively and openly,

while also sticking to the principal that

transparency doesn’t have to mean a loss of

privacy

Contact Us+44 (0) 1534753753

mail@alexpicottrust.com

Alex Picot Trust

Disclaimer

The document contains general information about our services and does not constitute professional advice. Wecannot accept liability for loss or damage suffered as a result of reliance on the information contained herein.

No member of the Alex Picot Trust Company Ltd is authorised to provide investment advice. You should seekindependent financial and legal advice before processing any financial business in Jersey.

Alex Picot Trust Company Ltd accepts no responsibility or liability for any other document to which you may gainaccess from this document, or from which you may have gained access to this document and do not accept any

responsibility or liability in connection with any links or websites.

The content of this document, its design and layout is protected and is the property of the Alex Picot TrustCompany Ltd. No permission is granted to copy this material or reproduce it in any form without written permission.

Alex Picot Trust Company Ltd is regulated by the Jersey Financial Services Commission toconduct trust company business under the Financial Services (Jersey) Law 1998.