SIMPLE Group
Encyclopedia
SIMPLE Group Limited is a conglomeration of separately run companies that each specialised in a particular area of Tax Planning. The core business areas are Legal Services, Fiduciary Activities, Offshore Banking, offshore outsourcing
, Corporate Service and Offshore Business Services.
The date of incorporation is listed as 1999 by Companies House of Gibraltar, who class it as a holding company
; however it is understood that SIMPLE Group's business and trading activities date to the second part of the 90s, probably as an incorporated body.
SIMPLE Group Limited is a conglomerate
that cultivate secrecy, they are not listed on any Stock Exchange and the group is owned by a complicated series of offshore trust
s and companies in order to protect the owners. The Sunday Times stated that SIMPLE Group's interests could be evaluated at £77 million; the shareholders are understood to be a group of Swiss Private Banks' owners.
Each of the companies operating under the SIMPLE Group umbrella are independent and separate entities, with most being majority owned by SIMPLE Group, while he previous owners still holds minority stakes. Occasionally, They simply licenses the SIMPLE brand to a company that has purchased a division or service from them.
With a few exceptions, none of the companies began as wholly owned SIMPLE Group's subsidiaries but instead where acquired from different previous owners.
Offshore outsourcing
Offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country other than the one where the products or services are actually developed or manufactured. It can be contrasted with offshoring, in which the functions are performed in a foreign...
, Corporate Service and Offshore Business Services.
The date of incorporation is listed as 1999 by Companies House of Gibraltar, who class it as a holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
; however it is understood that SIMPLE Group's business and trading activities date to the second part of the 90s, probably as an incorporated body.
SIMPLE Group Limited is a conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
that cultivate secrecy, they are not listed on any Stock Exchange and the group is owned by a complicated series of offshore trust
Offshore trust
An offshore trust is simply a conventional trust that is formed under the laws of an offshore jurisdiction.Generally offshore trusts are similar in nature and effect to their onshore counterparts; they involve a settlor transferring assets on the trustees to manage for the benefit of a person or...
s and companies in order to protect the owners. The Sunday Times stated that SIMPLE Group's interests could be evaluated at £77 million; the shareholders are understood to be a group of Swiss Private Banks' owners.
Each of the companies operating under the SIMPLE Group umbrella are independent and separate entities, with most being majority owned by SIMPLE Group, while he previous owners still holds minority stakes. Occasionally, They simply licenses the SIMPLE brand to a company that has purchased a division or service from them.
With a few exceptions, none of the companies began as wholly owned SIMPLE Group's subsidiaries but instead where acquired from different previous owners.
SIMPLE Brands (under various ownership)
- Chaplin, Bénédicte & co. — This is SIMPLE Group's Flagship Brand. Owned Chaplin, Bénédicte & co. is a Legal Services Firm specialised in Tax Planning and Offshore Law. The firm is based in the City of London, United KingdomUnited KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
with satellite representation in Riga, LatviaLatviaLatvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...
and Victoria, SeychellesSeychellesSeychelles , officially the Republic of Seychelles , is an island country spanning an archipelago of 115 islands in the Indian Ocean, some east of mainland Africa, northeast of the island of Madagascar....
. - FBS Banking PLC — Offshore Banking Operations. FBS Banking was acquired by SIMPLE Group in 2001 for an undisclosed amount after a fierce battle with the Royal Bank of Scotland Group. FBS Banking is registered in Seychelles and operate from Latvia and England. They are in fact Agents of offshore or investments banks, mostly in Switzerland, Monaco and the Channel Island.
- Link The World Limited — Professional Due Diligence consultants for the Fiduciary industry. Link The World was one of the first company acquired by SIMPLE Group but is the least profitable of them as no recorded profits were ever reported on their Financial Statements. It is widely believed that SIMPLE Group actually owned other Fiduciary firms but more precise information seams impossible to obtain.
- SIMPLE Business Services — Outsourcing business fully owned by SIMPLE Group, SIMPLE Business Services cater for subcontracting services from the Baltic States in East Europe.
- Fresh Offshore — Low cost offshore companies incorporation and management. The Brand were bought from Swiss giant UBS in 2007 but SIMPLE Group never started trading under this name.