Jersey Registered Companies continue to be in demand from across the globe, yet financial service providers have difficulty in finding a reputable organisation willing to provide the essential services needed to maintain a company’s registered office because of stringent regulatory requirements.
The solution is now available at the Vivat Trust Group which has just started a specialist registered office service through its subsidiary, Vivat Services Limited. This document gives a brief description of our service. Please get in touch for more detailed information.
Why is Vivat introducing this service?
Before the proceeds of crime, anti terrorism and money laundering laws were enacted, most lawyers, accountants and banks provided registered office services. The introduction of this legislation radically changed the picture because ‘KYC’ requirements have become onerous and the reputational risks to an organisation are regarded by many as too great. The consequence is that there is an unsatisfied demand for registered office services in Jersey.
Vivat’s approach
The provision of this service is recognized in the industry as relatively high risk. To manage this risk, Vivat has comprehensive ‘take on’ requirements, so that we fully understand the business we are engaging with and have sufficient details on those involved in it. Once we agree to provide a registered office service for a client, we will continue to require a continuing flow of information about its business. When we have become familiar and confident with a client, the risk category is likely to be lowered, leading to reduced requirements for information. We will work with the client to establish processes so that much of the flow of information (eg copies of board agendas and minutes, notification of change of directors and shareholders) to Vivat will become automatic and less burdensome.
More information
This service will be provided by Vivat Services Limited, which is part of the Vivat Group. We hope that this brief description of our new service will interest you. We will be pleased to provide more detailed information on:
- What Vivat’s registered office service provides,
- Vivat’s charges for the service,
- Vivat’s KYC requirements.
For more information view the brochure.
If you wish to discuss this registered office service please contact: our client services director Richard Twinam, our chief executive Michael Price, or our chairman David Le Quesne, by email or telephone (+44(0)1534 737115).