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The Ogier Group is set to become the first Channel Islands firm to expand into New Zealand, taking advantage of the country’s low tax regime.
The group, which includes of Ogier & Le Masurier and Ogier & Boxalls, will staff the New Zealand post with staff from the its Fiduciary Services arm, the third component of the Ogier collective.
The office will provide trust administration services to wealthy individuals. New Zealand has all the trappings of an offshore jurisdiction, with foreign businessmen paying almost zero tax on profits, while having a less regulated, onshore status.
The move, which follows Ogiers’ merger with Cayman Islands law firm, Boxalls, in February 2004 and the launch of its London office in April 2003, meaning the group now has a presence across all major time lines.
Pravir Tesiram, a partner at New Zealand firm Taylor Grant Tesiram, has been appointed a director of Ogier Fiduciary Services.
He will provide legal advice to clients in the new office while being supported from Guernsey by both assistant Marcus Leese, who is due to join Ogier’s partnership in February 2005, and partner William Simpson, a trust specialist.