SIMPLE Group Limited has been formed as a strategic investment holding specifically to build a leading Tax Planning Group operating in the international corporate, trustee & fiduciary service and offshore banking intermediation. This sector is usually referred as ‘CTSP’.

This objective is expected to be achieved through acquiring and/or consolidating high-quality existing CTSPs which offer
complementary products and services and that operate from complementary jurisdictions.

The traditional business of CTSPs is to administer and manage personal, family and commercial assets and income streams in tax efficient jurisdictions.
The economic factors for CTSPs include demand for more sophisticated tax planning, particularly for high net worth individuals (HNWIs) and those approaching retirement age, and the increased movement and migration of individuals.

The CTSP market is fragmented in nature, comprising a small number of very large international financial services groups and a large number of relatively small trust and company management businesses regulated by, and operating out of, single offshore jurisdictions. SIMPLE Group believes that there is a clear opportunity for consolidation in this market.