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 will staff the New Zealand post from its fiduciary division and 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 means the group now has a presence across all major time lines.
First revealed on www.thelawyer.com 14 July