????????????????

ECLIPSE takes third place in Junior Achievement Isle of Man

Junior Achievement Isle of Man is the Island’s leading educational charity that supports young people with their transition from education to the workplace. Junior Achievement provides students with the relevant knowledge and necessary skills to prepare them for the next chapter, through helping students learn about how the world of business works, conducting business in…

Smart,City,And,Iot,(internet,Of,Things),Concept.,Ict,(information

Fintech: A Blockchain Breakthrough

Financial Technology (Fintech) is a term to describe the optimisation of processes to improve performance in terms of efficiency, usability and security. The evolution of technology has dramatically influenced the financial world, originally restructuring and fast forwarding traditional back office practices. Continuous innovation has transformed consumer facing services by fundamentally changing the way consumers handle…

Commercial,Cannabis,Grow,Operation

IOM Enters the Global Cannabis Market

A new legislation has recently passed through Tynwald, the Isle of Man’s government, to allow the production and exportation of Cannabis. The new regulatory framework in place will permit the Island to enter the growing global cannabis market which exposes many new opportunities to create a variety of medical and industrial derived cannabis products for…

Grand,Cayman

Expansion into Cayman

Affinity Group are delighted to announce our expansion into the Cayman Islands after successfully obtaining a Companies Management Licence from the Cayman Islands Monetary Authority. Headed up by Garry Crossan, operations will now commence via our local subsidiary Affinity (Cayman) Limited. Garry has a longstanding relationship with Affinity having worked closely with our Malta and…

jodie

Meet the Team: Jodie Beecroft

What is your role at Affinity? Senior Client Administrator What aspects do you love about your job and the company? I enjoy dealing with clients, building a relationship with them and feeling fulfilment when we satisfy their requirements. My colleagues are lovely, we all support each other and we are one big family. How has…

MCA2021-Trust-COTY-Boutique-SILVER-LRG

SILVER for Affinity

We are so honoured to achieve SILVER for Trust Company of the Year- Boutique in the Citywealth Magic Circle Awards 2021. What another fantastic virtual awards ceremony, to which we would like to thank all the team at Citywealth for hosting and organising the event, such a lovely afternoon was had by all. The awards…

tara

Meet the Team: Tara Ferguson

What is your role at Affinity? My job role at Affinity is Client Administrator within the eGaming department. My responsibilities include day to day administration in a diverse range of eGaming client portfolios and working closely with clients to provide a personal service that meets their desired objectives. What aspects do you love about your…

E-Gaming-side

Industry Outlook for eGaming in 2021

Despite the damaging effects of COVID-19, Mordor Intelligence has stated the gaming industry is expected to surpass $180 billion by 2021. The change in landscape has exposed weaknesses and highlighted opportunities. A seize in worldwide sporting events delivered significant losses and sportsbooks have been left behind. Online gambling has spiked and online betting through virtual…

claire

Meet the Team: Claire Spiteri

What is your role at Affinity? I form part of the accounts team as a client accounts administrator. The aspects of my job includes working on the accounts of the yachting and aviation clients, completion of VAT returns, dealing with the auditors queries, assisting in the accounting aspects of crew employment and liaising with clients…

moonyee

Meet the Team: Moonyee McWhinnie

What is your role at Affinity? Reception / Office Administration What aspects do you love about your job and the company? I’m fortunate enough to be part of the team and work with amiable and knowledgeable people at Affinity. With a positive, personal approach to Corporate & Trust Services from the Directors and all. As…

Fintech

FUN Token To Reach New Heights As Fun Token Ltd. Takes Charge

Affinity are proud to have facilitated the significant acquisition of FUN Token by Fun Token Ltd., a company based out of the Isle of Man. The acquisition was completed on Friday, 26th February 2021. Affinity are delighted to have represented both the buyer and seller in the seamless execution of the transaction, ensuring that all…

joanne

International Women’s Day – an interview with, Joanne Fenech Managing Director of Affinity (Malta)

Tell us about your career progress to board level? What has your own experience been? What support have you had and what challenges have you faced? I am forever grateful when I was given the opportunity to join the Affinity board in 2015 after working for more than 15 years in the financial services sector.…

Rach

International Women’s Day – an interview with, Rachael McGeachie our Head of Group Compliance and Director of Affinity (Isle of Man)

Tell us about your career progress to board level? What has your own experience been? What support have you had and what challenges have you faced? Having held the position of Head of Compliance for some time, my role has always meant working closely with the Board allowing me to forge strong relationships with them…

alex2

International Women’s Day – an interview with our COO, Alex Gardner

Tell us about your career progress to board level? What has your own experience been? What support have you had and what challenges have you faced? After leaving school I started my career in on the Isle of Man in Corporate Services as an Assistant Administrator in 2006. I quickly learned that this was a…

Luxury,Yachts,Harbor,At,Golden,Hour,View,,Zadar,,Croatia,,Dalmatia

Renaissance for Isle of Man Yachting Sector?

On 24 December 2020 the UK and the European Union (“EU”) formally announced that they had successfully agreed the terms of a Brexit deal, thus putting several years of negotiations and speculation around the potential repercussions of Brexit to an end. Since the announcement Affinity has been working with our tax advisors to navigate our…

affinity awards 4

Citywealth Silver Award Winners – Isle of Man Trust Company of the Year 2021

We are delighted to announce that Affinity Group achieved the SILVER award for Trust Company of the Year – Isle of Man for the 2021 Citywealth IFC Awards. We would like to thank our incredible team for their continuous hard work and determination that is driving our success. It is an honour to be rewarded…

yedhu

Meet the team: Yedhu Jagannathan

What is your role at Affinity? As a qualified accountant, my role is to oversee the accounting / finance function for the Group and to establish accounting policies and procedures applicable to the Group and the client entities. What aspects do you love about your job and the company? The company is young, dynamic and…

Koko

Meet the team: Sikholiwe ‘Koko’ Dlamini

Affinity Group has offices in Isle of Man, Malta and Cayman Islands. We are a talented and friendly bunch, working closely with our wide range of clients to meet their specific needs. Here’s a little from Koko, Senior Client Administrator for Affinity Isle of Man. What is your role at Affinity? I am a Senior Client…

Family_Office

Multi Family Office & Affinity: Complex needs, Require Unique Services

A multi-family office is an organisation that assists several families to manage their wealth, objectives and lifestyle. This inclusive service covers a broad range of financial expertise such as wealth creation and protection, investment strategy guidance and risk management. A multi-family office will also assist to their clients personal needs by managing their lifestyle and…

louise

Meet the team: Louise Cannell

Affinity Group has offices in Isle of Man, Malta and Cayman Islands. We are a talented and friendly bunch, working closely with our wide range of clients to meet their specific needs. Here’s a little from Louise Cannell, Client Administrator for Affinity Isle of Man. What is your role at Affinity? My role is in the…

Yacht,Sailing,In,Mediterranean,Sea,Near,French,Riviera,And,Monaco

Yacht operators qualify for VAT exemption in 2021 as FCE rules relaxed

Yacht operators can benefit from French Commercial Exemption (FCE) in 2021 even if they have been unable to make the necessary trips usually required to qualify. The Covid-19 pandemic has meant many vessels have not been able to meet the qualifying requirements of 70% navigation outside French waters. However, a relaxation of the rules means…

eliza

Meet the team: Eliza Rayner

Affinity Group has offices in Isle of Man, Malta and Cayman Islands. We are a talented and friendly bunch, working closely with our wide range of clients to meet their specific needs. Here’s a little from Eliza Rayner, Group Strategy Analyst for Affinity Group. What is your role at Affinity? My role is focused on around assisting…

elena

Meet the team: Elena Pace

Affinity Group employs more than 30 people across the company’s offices in Isle of Man and Malta. We are a talented and friendly bunch, working closely with our wide range of clients to meet their specific needs. Here’s a little from Elena Pace, Manager of our Malta office accounts team  Please tell us about your work…

Beautiful,Aerial,View,Of,The,Spinola,Bay,,St.,Julians,And

Malta aims to build on world-leading superyacht sector with Passenger Yacht Code

Malta is now home to more superyachts than anywhere else in the world and government officials are targeting further growth with the announcement of the Passenger Yacht Code. Transport, Infrastructure and Capital Projects Minister Ian Borg said Malta’s register of 850 yachts of 24m or more made it a world leader. The increase is 7%…

Fintech-side

Blockchain regulation: Inspiring faith in the future of crypto

Affinity Group director Alex Gardner explains why regulation is key to growing mainstream trust in blockchain technology and how the Isle of Man’s regulators are leading the way  For many, blockchain is the great hope for the future of the finance industry. Decentralised, transparent and – theoretically – infallible, distributed ledger technology is here to make banking, lending,…

Panorama,Of,Douglas,On,The,Isle,Of,Man.,Douglas,,Isle

IOMFSA’s crypto token guidance puts island at the forefront of industry regulation

The Isle of Man Financial Services Authority (IOMFSA) has published its stance on the regulation of crypto tokens and assets.  The guidance, developed in partnership with Digital Isle of Man, sets out to offer blockchain-based businesses greater clarity when looking to set up on the island.  The Isle of Man has become an increasingly popular…

Affinity-Group-Team-Montage

Building on our team’s talent, dedication and approachability

Since our acquisition and restructure in 2019, Affinity Group has enjoyed a period of unprecedented growth.   And it’s thanks to our people that we have been able to prosper – not least during the challenging times we have all experienced in 2020.  Affinity Management Services – as we were once known – is now Affinity…

Yacht-management-services

Hope on horizon for yachting industry after Covid-19 storm

Like most leisure industries, yachting has been hit hard by the effects of the Coronavirus outbreak, but the sector is already showing promising signs of post-Lockdown recovery. Some 81% of manufacturers reported a decline in business through Q1 of 2020 but, with lockdown restrictions easing in many nations and travel options increasing, there is hope…

malta yacht leasing arrangement

Amendments to the guidelines in respect of the Malta Yacht Leasing Arrangement (hiring of pleasure yachts)

Over the years Malta has established itself as a leading jurisdiction for the maritime sector. As a very well-respected flag state and access to many experienced professionals, Malta is now the go-to choice for yacht owners and their representatives. The original Malta leasing Arrangement launched in November 2005 attracted a significant volume of business until…

Companies

COVID-19 – Digital Business as Usual?

The events of the last few weeks have been unprecedented and beyond anything the world has seen in peacetime. Uncertainty is everywhere and the world seems to have paused as we adjust to the new, albeit it temporary, norms. At the time of writing the Isle of Man has 13 confirmed cases of COVID-19, whilst…

????????????????

ECLIPSE takes third place in Junior Achievement Isle of Man

Junior Achievement Isle of Man is the Island’s leading educational charity that supports young people with their transition from education to the workplace. Junior Achievement provides students with the relevant knowledge and necessary skills to prepare them for the next chapter, through helping students learn about how the world of business works, conducting business in…

Smart,City,And,Iot,(internet,Of,Things),Concept.,Ict,(information

Fintech: A Blockchain Breakthrough

Financial Technology (Fintech) is a term to describe the optimisation of processes to improve performance in terms of efficiency, usability and security. The evolution of technology has dramatically influenced the financial world, originally restructuring and fast forwarding traditional back office practices. Continuous innovation has transformed consumer facing services by fundamentally changing the way consumers handle…

Grand,Cayman

Expansion into Cayman

Affinity Group are delighted to announce our expansion into the Cayman Islands after successfully obtaining a Companies Management Licence from the Cayman Islands Monetary Authority. Headed up by Garry Crossan, operations will now commence via our local subsidiary Affinity (Cayman) Limited. Garry has a longstanding relationship with Affinity having worked closely with our Malta and…

jodie

Meet the Team: Jodie Beecroft

What is your role at Affinity? Senior Client Administrator What aspects do you love about your job and the company? I enjoy dealing with clients, building a relationship with them and feeling fulfilment when we satisfy their requirements. My colleagues are lovely, we all support each other and we are one big family. How has…

MCA2021-Trust-COTY-Boutique-SILVER-LRG

SILVER for Affinity

We are so honoured to achieve SILVER for Trust Company of the Year- Boutique in the Citywealth Magic Circle Awards 2021. What another fantastic virtual awards ceremony, to which we would like to thank all the team at Citywealth for hosting and organising the event, such a lovely afternoon was had by all. The awards…

tara

Meet the Team: Tara Ferguson

What is your role at Affinity? My job role at Affinity is Client Administrator within the eGaming department. My responsibilities include day to day administration in a diverse range of eGaming client portfolios and working closely with clients to provide a personal service that meets their desired objectives. What aspects do you love about your…

E-Gaming-side

Industry Outlook for eGaming in 2021

Despite the damaging effects of COVID-19, Mordor Intelligence has stated the gaming industry is expected to surpass $180 billion by 2021. The change in landscape has exposed weaknesses and highlighted opportunities. A seize in worldwide sporting events delivered significant losses and sportsbooks have been left behind. Online gambling has spiked and online betting through virtual…

claire

Meet the Team: Claire Spiteri

What is your role at Affinity? I form part of the accounts team as a client accounts administrator. The aspects of my job includes working on the accounts of the yachting and aviation clients, completion of VAT returns, dealing with the auditors queries, assisting in the accounting aspects of crew employment and liaising with clients…

moonyee

Meet the Team: Moonyee McWhinnie

What is your role at Affinity? Reception / Office Administration What aspects do you love about your job and the company? I’m fortunate enough to be part of the team and work with amiable and knowledgeable people at Affinity. With a positive, personal approach to Corporate & Trust Services from the Directors and all. As…

joanne

International Women’s Day – an interview with, Joanne Fenech Managing Director of Affinity (Malta)

Tell us about your career progress to board level? What has your own experience been? What support have you had and what challenges have you faced? I am forever grateful when I was given the opportunity to join the Affinity board in 2015 after working for more than 15 years in the financial services sector.…

Rach

International Women’s Day – an interview with, Rachael McGeachie our Head of Group Compliance and Director of Affinity (Isle of Man)

Tell us about your career progress to board level? What has your own experience been? What support have you had and what challenges have you faced? Having held the position of Head of Compliance for some time, my role has always meant working closely with the Board allowing me to forge strong relationships with them…

alex2

International Women’s Day – an interview with our COO, Alex Gardner

Tell us about your career progress to board level? What has your own experience been? What support have you had and what challenges have you faced? After leaving school I started my career in on the Isle of Man in Corporate Services as an Assistant Administrator in 2006. I quickly learned that this was a…

yedhu

Meet the team: Yedhu Jagannathan

What is your role at Affinity? As a qualified accountant, my role is to oversee the accounting / finance function for the Group and to establish accounting policies and procedures applicable to the Group and the client entities. What aspects do you love about your job and the company? The company is young, dynamic and…

Koko

Meet the team: Sikholiwe ‘Koko’ Dlamini

Affinity Group has offices in Isle of Man, Malta and Cayman Islands. We are a talented and friendly bunch, working closely with our wide range of clients to meet their specific needs. Here’s a little from Koko, Senior Client Administrator for Affinity Isle of Man. What is your role at Affinity? I am a Senior Client…

Family_Office

Multi Family Office & Affinity: Complex needs, Require Unique Services

A multi-family office is an organisation that assists several families to manage their wealth, objectives and lifestyle. This inclusive service covers a broad range of financial expertise such as wealth creation and protection, investment strategy guidance and risk management. A multi-family office will also assist to their clients personal needs by managing their lifestyle and…

louise

Meet the team: Louise Cannell

Affinity Group has offices in Isle of Man, Malta and Cayman Islands. We are a talented and friendly bunch, working closely with our wide range of clients to meet their specific needs. Here’s a little from Louise Cannell, Client Administrator for Affinity Isle of Man. What is your role at Affinity? My role is in the…

eliza

Meet the team: Eliza Rayner

Affinity Group has offices in Isle of Man, Malta and Cayman Islands. We are a talented and friendly bunch, working closely with our wide range of clients to meet their specific needs. Here’s a little from Eliza Rayner, Group Strategy Analyst for Affinity Group. What is your role at Affinity? My role is focused on around assisting…

elena

Meet the team: Elena Pace

Affinity Group employs more than 30 people across the company’s offices in Isle of Man and Malta. We are a talented and friendly bunch, working closely with our wide range of clients to meet their specific needs. Here’s a little from Elena Pace, Manager of our Malta office accounts team  Please tell us about your work…

Fintech-side

Blockchain regulation: Inspiring faith in the future of crypto

Affinity Group director Alex Gardner explains why regulation is key to growing mainstream trust in blockchain technology and how the Isle of Man’s regulators are leading the way  For many, blockchain is the great hope for the future of the finance industry. Decentralised, transparent and – theoretically – infallible, distributed ledger technology is here to make banking, lending,…

????????????????

ECLIPSE takes third place in Junior Achievement Isle of Man

Junior Achievement Isle of Man is the Island’s leading educational charity that supports young people with their transition from education to the workplace. Junior Achievement provides students with the relevant knowledge and necessary skills to prepare them for the next chapter, through helping students learn about how the world of business works, conducting business in…

Commercial,Cannabis,Grow,Operation

IOM Enters the Global Cannabis Market

A new legislation has recently passed through Tynwald, the Isle of Man’s government, to allow the production and exportation of Cannabis. The new regulatory framework in place will permit the Island to enter the growing global cannabis market which exposes many new opportunities to create a variety of medical and industrial derived cannabis products for…

Grand,Cayman

Expansion into Cayman

Affinity Group are delighted to announce our expansion into the Cayman Islands after successfully obtaining a Companies Management Licence from the Cayman Islands Monetary Authority. Headed up by Garry Crossan, operations will now commence via our local subsidiary Affinity (Cayman) Limited. Garry has a longstanding relationship with Affinity having worked closely with our Malta and…

MCA2021-Trust-COTY-Boutique-SILVER-LRG

SILVER for Affinity

We are so honoured to achieve SILVER for Trust Company of the Year- Boutique in the Citywealth Magic Circle Awards 2021. What another fantastic virtual awards ceremony, to which we would like to thank all the team at Citywealth for hosting and organising the event, such a lovely afternoon was had by all. The awards…

Fintech

FUN Token To Reach New Heights As Fun Token Ltd. Takes Charge

Affinity are proud to have facilitated the significant acquisition of FUN Token by Fun Token Ltd., a company based out of the Isle of Man. The acquisition was completed on Friday, 26th February 2021. Affinity are delighted to have represented both the buyer and seller in the seamless execution of the transaction, ensuring that all…

Luxury,Yachts,Harbor,At,Golden,Hour,View,,Zadar,,Croatia,,Dalmatia

Renaissance for Isle of Man Yachting Sector?

On 24 December 2020 the UK and the European Union (“EU”) formally announced that they had successfully agreed the terms of a Brexit deal, thus putting several years of negotiations and speculation around the potential repercussions of Brexit to an end. Since the announcement Affinity has been working with our tax advisors to navigate our…

affinity awards 4

Citywealth Silver Award Winners – Isle of Man Trust Company of the Year 2021

We are delighted to announce that Affinity Group achieved the SILVER award for Trust Company of the Year – Isle of Man for the 2021 Citywealth IFC Awards. We would like to thank our incredible team for their continuous hard work and determination that is driving our success. It is an honour to be rewarded…

Yacht,Sailing,In,Mediterranean,Sea,Near,French,Riviera,And,Monaco

Yacht operators qualify for VAT exemption in 2021 as FCE rules relaxed

Yacht operators can benefit from French Commercial Exemption (FCE) in 2021 even if they have been unable to make the necessary trips usually required to qualify. The Covid-19 pandemic has meant many vessels have not been able to meet the qualifying requirements of 70% navigation outside French waters. However, a relaxation of the rules means…

Beautiful,Aerial,View,Of,The,Spinola,Bay,,St.,Julians,And

Malta aims to build on world-leading superyacht sector with Passenger Yacht Code

Malta is now home to more superyachts than anywhere else in the world and government officials are targeting further growth with the announcement of the Passenger Yacht Code. Transport, Infrastructure and Capital Projects Minister Ian Borg said Malta’s register of 850 yachts of 24m or more made it a world leader. The increase is 7%…

Panorama,Of,Douglas,On,The,Isle,Of,Man.,Douglas,,Isle

IOMFSA’s crypto token guidance puts island at the forefront of industry regulation

The Isle of Man Financial Services Authority (IOMFSA) has published its stance on the regulation of crypto tokens and assets.  The guidance, developed in partnership with Digital Isle of Man, sets out to offer blockchain-based businesses greater clarity when looking to set up on the island.  The Isle of Man has become an increasingly popular…

Affinity-Group-Team-Montage

Building on our team’s talent, dedication and approachability

Since our acquisition and restructure in 2019, Affinity Group has enjoyed a period of unprecedented growth.   And it’s thanks to our people that we have been able to prosper – not least during the challenging times we have all experienced in 2020.  Affinity Management Services – as we were once known – is now Affinity…

Yacht-management-services

Hope on horizon for yachting industry after Covid-19 storm

Like most leisure industries, yachting has been hit hard by the effects of the Coronavirus outbreak, but the sector is already showing promising signs of post-Lockdown recovery. Some 81% of manufacturers reported a decline in business through Q1 of 2020 but, with lockdown restrictions easing in many nations and travel options increasing, there is hope…

malta yacht leasing arrangement

Amendments to the guidelines in respect of the Malta Yacht Leasing Arrangement (hiring of pleasure yachts)

Over the years Malta has established itself as a leading jurisdiction for the maritime sector. As a very well-respected flag state and access to many experienced professionals, Malta is now the go-to choice for yacht owners and their representatives. The original Malta leasing Arrangement launched in November 2005 attracted a significant volume of business until…

Companies

COVID-19 – Digital Business as Usual?

The events of the last few weeks have been unprecedented and beyond anything the world has seen in peacetime. Uncertainty is everywhere and the world seems to have paused as we adjust to the new, albeit it temporary, norms. At the time of writing the Isle of Man has 13 confirmed cases of COVID-19, whilst…