This brochure highlights some of the reasons why Jersey is a clear choice for Saudi investors. We look at how Jersey firms are using their regional connections and, on the ground, Saudi expertise through their excellent intermediaries, to provide world-class support in areas ranging from Shari’a compliant succession planning to domiciling and structuring complex multi-class, multi-sector and multi-jurisdictional global investments.
Working with Families in the Kingdom of Saudi Arabia
The Island of Jersey is an independent, forward-thinking international finance centre (IFC) located between the UK and France. For decades, families and businesses in the Kingdom have been working with our financial services professionals in many areas.
Private Wealth Management
Succession Planning for Future Generations
Commercial and Residential Real Estate
Jersey - A Clear Choice
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.
We’re the clear IFC of choice for restructuring and redomiciling existing structures established in other international jurisdictions, and we’re perfectly placed to provide expert support against the backdrop of Saudi Vision 2030.
Jersey is proud to have a global reputation for integrity, independence and stability, and offers a tax-neutral environment in which to do business.
We have been recognised as one of the best regulated IFCs in independent assessments by some of the world’s leading bodies, including the World Bank and the International Monetary Fund (IMF), as well as scoring top marks from the Organisation for Economic Co-operation and Development (OECD) on tax transparency.
Case Studies from Jersey-based Companies
Accuro is a management-owned multi-jurisdictional trust and private office business. The specialist Middle East team at Accuro strategically consulted with a prominent Saudi family from the Nejd region. The family have a multi-line international conglomerate owned and managed by two generations of the founder’s family.
To read the full case study, click on the PDF link below and go to page 9 of the brochure
The beneficial owner of a large Saudi Arabian investment management group, and his long-standing Jersey-based corporate service provider, sought advice on establishing a vehicle in Jersey to hold and invest in UK-listed stocks as part of a succession plan for his family wealth.
To read the full case study, click on the PDF link below and go to page 10 of the brochure
The role played by a Jersey-based specialist family office services firm is well illustrated in relation to a Saudi Arabian family and their international holdings.
To read the full case study, click on the PDF link below and go to page 11 of the brochure
In 2018, a wealthy Saudi Arabia-based family wanted to invest in UK commercial property as part of a wider wealth diversification and succession planning strategy.
To read the full case study, click on the PDF link below and go to page 12 of the brochure
Fiduchi has had a presence in the Middle East for more than three years and has serviced clients in the region for over a decade. As an independent Jersey trust and corporate services provider, Fiduchi is ideally placed to assist families, and family businesses, with their structuring requirements, having done so for more than 30 years.
To read the full case study, click on the PDF link below and go to page 13 of the brochure
Highvern was recently engaged by a member of the Saudi Arabian royal family to assist with refining and streamlining their complex private wealth structures. The client’s wealth structuring took place nearly 20 years ago, with real estate and investment assets added piecemeal as they were acquired.
To read the full case study, click on the PDF link below and go to page 13 of the brochure
Mourant advised a GCC ultra-high-net-worth individual (UHNWI) on the creation of a bespoke Jersey trust and company structure to hold and manage valuable personal assets situated in various locations in the UK and Europe. A high degree of client and key advisor involvement was required in the design of the structure.
To read the full case study, click on the PDF link below and go to page 14 of the brochure
Oak is working closely with a UK-based family office to establish a PTC structure for a significant Middle Eastern family to hold their personal investment assets. They were attracted to the Jersey private trust company (PTC) structure as it allows the flexibility to ring-fence assets in separate trusts for separate family interests under a single corporate trustee. Whilst consideration was given to appointing family office representatives to the PTC board instead, Oak has created a structure with the family office participating in an investment committee alongside Oak’s professional directors.
To read the full case study, click on the PDF link below and go to page 15 of the brochure
Ocorian reviewed the existing structure thoroughly and following tax and legal advice, established a Jersey private foundation to act as trustee and assist in the migration of the underlying entities to Jersey.
To read the full case study, click on the PDF link below and go to page 16 of the brochure
Ogier’s Private Wealth team advised a Saudi UHNWI on transferring the ownership of the strongest performer in their business group to a trust structure in order to ring-fence its assets and prevent its fragmentation on the client’s death.
To read the full case study, click on the PDF link below and go to page 17 of the brochure
A complex and extensive Saudi family with Egyptian roots, the patriarch had three wives and children living in several different countries, including the US. The patriarch established a franchise business with a significant manufacturing group across the region.
To read the full case study, click on the PDF link below and go to page 18 of the brochure
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Key Contacts
To find out more about Jersey’s IFC and any of the topics discussed in the brochure, please get in touch with Faizal Bhana, Director – Middle East, Africa and India, Jersey Finance:
Faizal Bhana › Director – Middle East, Africa and India, Jersey Finance
email › / profile ›
Faizal is a UK qualified lawyer and for many years has worked and advised, and is a trusted advisor to institutions, corporates and families across the Middle East Africa and India. Faizal specialises in banking and finance and has advised corporates, family offices and families including on their international investment and holding structures.
Faizal is responsible for developing the strategy for Jersey Finance’s engagement in Africa, the Middle East and India. He is focussed on his key markets, regularly travelling to all these countries, liaising and working with key stakeholders, including public and private institutions, corporates and families, building long term mutually beneficial relationships.