Recognised as a leading global annual event on the subject, this was the eighteenth year the conference had taken place, with the emphasis having gradually evolved to offer a truly technical conference with the objective to enable tax practitioners to disseminate knowledge and provide a better understanding of global international tax practices, developments and trends.
David Karran, Managing Director of IQE, explained why the three day conference was of strategic importance to his company and also to the Isle of Man: "Despite current markets, the Isle of Man remains a key partner for many Indian businesses accessing London's capital markets for further investment, whether they are established on the London Stock Exchange or private equity invested companies. With its strong infrastructure, legal and regulatory framework and a highly experienced professional workforce, the Isle of Man is well placed to offer expert services to these new entities, particularly where investments are emanating from the UK and Europe. IQE Limited has operated in the Indian markets for over 10 years, working with some of the most successful quoted, listed and substantial private businesses and, as a result, the pertinent accountants, lawyers and associated advisors. Whilst the institutional market remains difficult, we continue to see existing international private clients and private equity houses actively investing in emerging markets. This is good news for the Isle of Man as these clients look to continue to work with trusted partners to help manage their international investments."
In recognition of the importance of this India business to its operations, IQE recently launched IQE (Mauritius) Limited to support its clients and their professional advisors, not only in India but also to support the growing African business that is being introduced through the London market. Steve McCafferty, Associate Director of IQE, attended the conference and spent time with both Indian advisers and existing clients. Steve commented: "This was a very well attended event with global representation seen on the panel of speakers, including the OECD, numerous governments, global businesses and advisers. This was a key event, from an Isle of Man marketing perspective, given that India is still one of the largest economies in the world and as such it continues to have a huge need for Foreign Direct Investment (FDI) to fund continued infrastructure requirements and business growth."
"The key advisers in Mumbai have a very similar focus to those in London, insomuch as they are often transaction driven, dealing with many of the same private equity houses and institutions that we see investing into Africa and other BRICS economies. This will continue to present opportunity for our business given the expertise we have developed over the last 10 years. The common thread for India and other emerging markets is this huge need and appetite for continued inward investment. As a business we are committed to further developing our Indian client relationships and the recent launch of IQE (Mauritius) Limited supports our strategic plans and gives us an opportunity to grow our overall business.
We have the expertise to assist with multi-jurisdictional fiduciary services for international structures
Having worked with IQE for a number of years I have come to appreciate their professional and proactive attitude to the work they undertake. Their helpful and efficient staff ensure that transactions are completed in a timely manner wherever possible. Richard Melhuish, FRICS, Director of Redefine International P.L.C.