Image

ESOP Administration

The Employee Stock Ownership Plan (ESOP) is a benefit scheme that gives employees ownership interest in companies. It's a corporate finance strategy that aligns the interest of employees with those of shareholders. The company usually holds the shares provided to employees in a trust for safety and growth, until the employee resigns or retires from the company.?

When establishing an ESOP, it's typical to use the services of an independent third party. At Vistra, we can support any entity or corporate that's keen to set up such a scheme. ??

Similar in intent, Employee Welfare Trusts (EWT) are established to cater to employee welfare needs, such as funding child education, medical costs and extraordinary expenses not covered under compensation.?

We offer a suite of customised services in this area, which include:?

  • Review of transaction documents?
  • Executing of trust documents and obtaining PAN/TAN?
  • Opening and operating trust bank/depository/broker accounts?
  • Undertaking purchase and sale of securities, through an appointed broker, in line with a pre-approved investment policy?
  • Implementing the benefits application policy?
  • Recording approvals and maintaining trust accounts?
  • Filing tax returns and ensuring tax compliance?
  • Reporting and MIS

Read More

Regulators, customers, investors and employees are demanding that environmental, social and governance principles drive how organisations operate and what they report on.
To take advantage of the global talent pool, companies are increasingly offering stock equity to attract and retain employees. The equity is usually awarded at a low cost in a pre-IPO phase, and in some cases involves globally mobile employees. Granting stock options to expatriate employees can introduce important tax obligations and risks in the home and host countries that are sometimes not fully understood by multinational employers.
Blockchain and other distributed ledger technologies are changing the global financial landscape.
White

Contact Us

We go to the ends of the earth for you
  • 5,000 Professionals
  • 85+ Offices
  • 45+ Jurisdictions
See all locations
How can I get freelance work easily?,What is the highest paying remote job with no experience?,What kind of job can I do with my baby?,work from home jobs