Jersey - Supporting Saudi Corporate Services

Discover how Jersey’s international finance centre (IFC) continues to deliver complex, cross-border, multi-jurisdictional corporate business for Saudi-based investors.

 

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Jersey’s innovative and flexible corporate ecosystem

Jersey offers a diverse range of corporate structuring solutions. Our corporate services ecosystem provides the requisite expertise and experience built over six decades of supporting corporate transactions across all asset classes worldwide.

What makes Jersey’s appeal in the Kingdom of Saudi Arabia (KSA) even greater is that Shari’a-compliant structures, financing and contracts can be accommodated under existing Jersey legislation, meaning that they are regulated and administered on the same basis as conventional products and structures, while also enabling investors to take advantage of Jersey’s flexible legal system, robust regulatory regime, and tax-neutral environment.

This unique approach has made Islamic finance a core element of our KSA proposition. Jersey entities are used across diverse areas, including asset management (real estate, funds), corporate SPVs for Sukuk transactions, and private wealth (trusts and foundations for Awqaf), providing KSA investors with a trusted, compliant jurisdiction.

From real estate acquisition to corporate restructuring, succession planning and Shari’a-compliant investment management, our jurisdiction’s expertise is being drawn on in evolving ways.

Experts in providing corporate service developed over 60 years

Jersey has one of the largest numbers of finance industry professionals of any IFC, giving it a vast pool of expertise. The highly skilled workforce and key stakeholders in our IFC work together to support corporate transactions across all asset classes worldwide for Saudi businesses, high-net-worth individuals and internationally mobile families.

 

Why Jersey? The forward-thinking international finance centre

At the heart of Jersey’s appeal to the Kingdom is the Island’s enduring political and economic stability. In this environment, we have developed an offering that balances product innovation and tax neutrality, alongside high standards of regulation, world-class legislation and a depth and breadth of expertise. Our IFC also offers real substance and is home to a whole range of major financial services firms.

Committed to Saudi Arabia

Compared with other IFCs, Jersey’s financial services professionals lead the way in visiting Saudi Arabia and meeting clients face to face. As a result, they have developed strong and lasting relationships with families and businesses in the  Kingdom over the years.

This enables Jersey firms to work within a range of finance disciplines, sensitive to regional dynamics, economies and cultures, ensuring that Saudi investors’ future corporate objectives are achieved.

Jersey - your partner for complex cross-border corporate business

For KSA businesses and families, Jersey is a destination of choice for complex, cross-border, multi-jurisdictional corporate business.

Our offshore corporate services provide expertise and experience built over decades of supporting Saudi client’s corporate transactions across all asset classes worldwide, such as:

  • Real Estate: Jersey is the clear choice for real estate structuring, not just for property in London and other cities in the UK, but also for property in North America and Western Europe.
  • Redomiciling and Restructuring: Families and businesses in the Kingdom are choosing Jersey for redomiciling or restructuring their international structures, such as special purpose vehicles (SPVs).
  • Private Trust Companies: Jersey private trust companies (PTCs) are very popular among Saudi families looking to preserve and protect wealth for future generations. PTCs allow family members or trusted advisers to become board members alongside professional service providers.
  • Jersey Private Funds: This structuring option offers institutional and professional investors a more streamlined and fast-track regime, with tailored ongoing regulatory requirements for investments from KSA.
  • International Savings Plans: These forward-thinking plans are more flexible than traditional pensions, allowing a pay-out to employees before the standard minimum pension age, either on termination of employment or as a result of a major life-changing events.
  • Family Offices: Jersey is the perfect place to locate a family office, thanks to the extent of our expertise, our favourable time zone and our innovative, forward-thinking services.
  • Islamic Finance: Unlike other jurisdictions, we don’t have to amend laws to accommodate Shari’a-compliant structures and contracts, and we have extensive experience in this area. Many Sukuk structures, for example, have been established in Jersey.

If you need advice and support on a complex, cross-border corporate transaction for your clients in Saudi Arabia, consider Jersey’s forward-thinking IFC’s corporate services. Learn more.

If you are going to have a structure, that requires that offshore element, Jersey is probably the first jurisdiction that comes to mind these days.
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Peter UnwinHead of Private Wealth & Family Office, Middle East, IQEQ

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