International trading​​

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A private commodity trading company trading oil and oil products was established in Geneva, Singapore, Moscow and the UK.

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Kensington Europe's objective was to set up an efficient structure and operating environment for this private trading company.

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Offices were established in the Netherlands with a Swiss trading Branch operating from Geneva with great access to all the Trade Finance Institutions based there.

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A second trading hub was established in Singapore resulting in us creating all the office, work permits and other tax and finance-related issues in S.E. Asia. This helped in accessing a fast-growing trading hub covering the region as well as local trading banks.

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Additional work was performed to enable the company to benefit from Special tax status based on sales and local spend. The result of this was corporation tax at 5% for a number of years.

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After 10 years the trading business was closed down. Kensington Europe was lead-consultant in appointing and working with a liquidation team to unwind over 10 companies in the Group and finally return funds to shareholders.

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Holding company

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Kensington Europe was asked to establish a suitable location for holding a number of investments in Europe and Asia. The mandate included exploring numerous jurisdictions resulting in the UK becoming the location of choice.

 

From our London offices we have been able to co-ordinate the whole tax, accounting and administration work for this company.