JERSEY AND LUXEMBOURG

A recent visit to Luxembourg offered us the chance to gain an understanding of a financial jurisdiction with natural links to Jersey. A number of clients have established a presence in the country and this pan-jurisdictional approach seems to work well for companies wishing to adopt a complementary onshore/offshore approach.

At a funds event focusing on the next steps for the Alternative International Fund Managers Directive (AIFMD), it was clear that Luxembourg, both its businesses and the Government, are striving to be among the first jurisdictions to offer AIFMD compliant legislation and are making a concerted effort to ensure everything is in order to attract as much business as possible.