Jersey's relationship to Africa - Accuro: Structuring for good causes

Accuro have a longstanding relationship with Southern African markets. They focus on the administration of structures that provide platforms for investment in and out of African countries in the following key categories:

International private client families

Accuro administer a number of trust and company structures set up by Southern African resident families to attend to succession planning. These structures are also established to help private clients diversify their currency, economic and political risk from emerging market economies into developed markets.
While the planning is standard, the management and administration of multi-jurisdictional families is complex.  
For example, it isn't uncommon to have a family with their adult children resident in the US, UK and Canada.

Family business and co-investment opportunities

Accuro have also seen growth in structures established by South African businesses looking to expand into the UK and US using  the same business models that have been successful for them in South Africa.
These clients want to diversify their holdings and dilute their investment risk by investing outside the country and in business sectors that they know well. The structures are tax transparent and approved by the local exchange control authorities, with the branch company being established in Jersey to hold the foreign assets. Property is a key theme but other investments in operating companies is also a growing feature.
Similarly, and because most of our clients are entrepreneurial, investments into Africa are made via offshore trust and  corporate structures.

Philanthropy

Philanthropy is growing and Accuro have established structures to benefit numerous causes in countries in Africa. The use of structuring provides families with the governance and reporting infrastructure necessary for such giving. Under the guidance
of philanthropy advisors, Accuro can help define the causes to support, build in a strategy, provide reporting on the structure’s impact and, where appropriate, assess its sustainability.

 

Published in Jersey Finance, Jersey's relationship with Africa, 26 February 2020

Mark Pinnick
Client Services Director
T: + 44 (0) 1534 512 576
#
Managing Director Jersey | Board Member
T: + 44 (0) 1534 512 553

Accuro Geneva

1, Rue du Pré-de-la-Bichette
PO Box 1744
1211 Geneva 1
Switzerland

T + 41 22 807 2000
E geneva@accurofiduciary.com

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Accuro Jersey

PO Box 344
One The Esplanade
St Helier
Jersey JE4 8UW

T + 44 1534 512 512
E jersey@accurofiduciary.com

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Accuro Mauritius

Level 8C
Cyber Tower II
Ebene Cybercity 72201
Mauritius

T + 230 403 0400
E mauritius@accurofiduciary.com

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Accuro London

29 Farm Street
Mayfair
London
W1J 5RL

T + 44 20 3709 4611
E london@accurofiduciary.com

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Accuro Zurich

T + 41 79 443 8344
E zurich@accurofiduciary.com

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