Corporate Management Services

First Island Trust provides a full range of integrated financial services to incorporate and maintain global businesses. We also provide the professional support services to ensure that your global company is always in full compliance with the law.

This includes provision of the registered address and registered office, company secretary, accounting, taxation and preparation and filing of the annual returns as well as management consultancy. We can also provide a range of services for the requirements of your global company – such as nominee shareholders and professional directors, accounting, administration, corporate and secretarial services, mail and fax forwarding, administration of your bank accounts, as well as re-domiciliation of a foreign company to another jurisdictions.

Trust & Trusteeship Services

Trusts provide an optimum solution for those seeking to protect family wealth and meet succession needs in order to ensure optimum estate transmission. In certain circumstances, Trusts can assist with restrictive inheritance laws which might otherwise prevail. The release of assets on death is another proven advantage of this structure particularly when such assets are spread over many countries.

Trusts assist in planning beyond individual’s lifetime to safeguard family wealth for the benefit of heirs for several generations. Trusts may be reassuring solutions when instability of future prospects runs the risk of damaging personal wealth. Trusts also protect against claims based on foreign expropriation and exchange control laws.

First Island Trust has the requisite legal and accounting infrastructure to maintain a high level of professional expertise when setting up and administering a Trust on your behalf. We offer comprehensive advice and assistance with the establishment and administration of various types of trust. These include:

  • Creation of trust for individuals and corporations
  • Drafting of trust deeds
  • Acting as corporate trustees and administering the assets in accordance with the trust deed and the letter of wishes, if any
  • Preparing and maintaining trust accounts on the basis of principal and income accounting
  • Making distributions to beneficiaries
  • Providing Protector, where required
  • Protecting and ensuring the safe custody of documents
  • Establishing and administering Asset Protections trusts free of interference, seizure or freezing

Fund Management Services

First Island Trust provides discretionary portfolio management services to both individual and corporate investors. We offer a wide range of investment solutions tailor-made to the investor's needs and profile. We pride ourselves in the solid and trusted relationships that we steadily build with each of our clients.

We offer diligent advice regarding the structuring of the fund and provide professional support services with regard to:

  • Preparation of application to the Financial Services Commission and documentation to launch the funds
  • Provision of statutory corporate services including the provision of local directors and maintenance of share register
  • Trade and settlement of shares
  • Preparation of statutory accounts, calculation of Net Asset Value calculations and administration services

Compliance & Legal Services

The Compliance Department has as mandate to work with management and staffs to identify regulatory risks. It aims at providing guidance on the proper application and interpretation of laws and regulations as provided by rules, guidance documents, codes of conduct and internal policies designed to achieve regulatory compliance. On a day to day basis, the Compliance Department ensures proper application of rules via due diligence and risk assessment procedures emphasizing on transparency and ethics, as well as continuously update staffs and clients on relevant offshore and industry news. The foundation of our compliance policy is based on high international standards.

The Legal Department aims at providing quality assistance to the Company, related entities and clients in legal matters through its four-eyes principle. This includes providing advice on commercial, business and service contracts which form the basis for strengthening relationships between individuals and business partners. We deal with diverse subject matters including, but not limited to, inheritance, intellectual property, employment, taxation, and trusts.

Accountancy & Tax Services

First Island Trust Co Ltd is a member of Kreston International, a global network of over 700 offices specializing in accounting and business advisory services around the world. We provide a full range of business and financial support services. We work closely with our clients and help them to mitigate risks and assist them in improving business performance. Our reputation is based on our commitment to strong values, of which Integrity, Quality, Commitment, Excellence and Trust.

Our services include:

  • Accounting services
  • Bookkeeping, preparation of financial summaries, management accounts, full set of accounts in compliance with IFRS
  • Income tax and other tax filings with the local authorities
  • Corporate tax return, Advance payment system, Current pay system, vat return, NPF & PAYE returns, personal income tax filing
  • Liaise with the local authorities for any tax assessment
  • Business Advisory & Consulting services
  • Financial & Taxation advice, Business valuation
  • Due Diligence services
  • Investigation on proposed investment deals
  • Accounting services that are being outsourced to us from overseas

Back Office Operation

With a fast, efficient and well-developed infrastructure, First Island Trust is able to swiftly communicate with any entity around the world and to administer their business transactions in a secured and cost-effective manner.

Our back-office business services include:

  • Companies and trust accounting including multi-currency, general ledger and double entry accounting
  • Database entry and management
  • Payroll, tax and legal outsourcing
  • Administration support services

Work & Residency Permits

Setting up a business in a foreign country often entails strenuous visa procedures. First Island Trust takes care of all the aspects and formalities of the application for work and permanent residence permits that comes with your business, as well as provide advice on other available investment schemes.

Opening & Administering Bank Accounts

A bank account is the vital organ of any global business. At First Island Trust, we provide the support and assistance to open your bank account and make it our objective to deliver a smooth and prompt bank account administration.

Cross Border Investment Restructuring

In this era of global business, investing through the right structure could be a major determinant of success. Expand your horizons with our global reach and relationship-driven approach. With industry specialists and a well-established network, First Island Trust provides customized cross-border solutions to accommodate the various domestic, regional and international business needs of corporate clients.

Our Cross Border Investment services include:

  • Ease of entry and exit
  • Allowing flexibility of most suitable funding options
  • Preventing/minimizing regulatory hurdles
  • Ensuring protection of investment against state actions, such as expropriation
  • Minimizing cost of doing business, including overall tax cost
  • Allowing free flow of funds in and out

Business Processing Outsourcing (BPO)

At First Island Trust, we develop, build and provide tailored customer care and back office (BPO) solutions for businesses whose needs, services or products inherently require a specialized touch. We are a provider of excellence in outsourced full-service solutions. Our goal is to meet your strategic vision by efficiently customizing each solution.

  • Raising of freight shipping invoice for big shipping lines all over the world
  • Payroll
  • Administration
  • Customer relations