Global Capital. Clear Intelligence.
Aaron HSBC International deals with hundreds of enquiries a week, here are some of the most frequently asked questions with some answers. 1. What exactly is offshore investing? In the financial sense, ‘offshore’ means a jurisdiction other than the one in which you live. Established offshore centres such as Jersey, Guernsey and the Isle of Man … Read more
Some foreign jurisdictions allow the appointment of a trust protector. As the title indicates, this person is supposed to provide general oversight of trust operations to insure its objectives are met and the law is followed. Usually the grantor has the right to name the protector, and may even assume that position himself but the … Read more
The USA PATRIOT Act lets the feds spy on your finances. But does it help catch terrorists? “This is really a bill which, if enacted into law, will be [a longer] step in the direction of stopping terrorism than any other we have had before this Congress in a long time,” one of the bill’s … Read more
His strategy wins nation clout on the global stage BRASÍLIA Foreign Minister Celso Amorim, a cinema buff and former movie producer, likes to go over a script in his mind of Brazil’s future. In it, Brazil shakes its postcolonial insecurity and takes the helm of South America to the United Nations, where it lands a … Read more
People of means living in places where it seems civil war never ends, like the Balkans, home to the shards of the former Yugoslavia, or people facing continued political uncertainty, such as Hong Kong since the 1997 hand-over to Communist Beijing, obviously may need a safe refuge for escape. If besieged people enjoy the legal … Read more
Perhaps, no one watched the events of the past week more closely than the “silver barons.” As streetTRACKS Gold Trust reaped $1.3 billion in its first three days of trading, and set a volume record for derivatives on its opening day, one can bet the minds of these pure silver company CEOs were chomping at … Read more
NEW YORK–American depository receipts edged higher Tuesday as commodity names in Latin America rallied on expectations of stronger demand in 2005. The Bank of New York Index of American depository receipts rose 0.34 to 119.97. The Latin American market rose 1.64 points to 133.30. Asia’s index added 0.58 to 109.35, and Europe’s index rose 0.20 … Read more
While domestic LLCs offer a margin of asset protection, they are still under the jurisdiction of the U.S. court system. As such, almost any United States court – in any jurisdiction – can pierce the corporate veil to examine book, seize funds and/or assets in the event of unfavourable court rulings against the corporation. In … Read more
In recent years there has been a noticeable increase in smaller countries competing for a larger slice of the growing offshore financial market. While many smaller countries were once under large countries foreign empirical control, they are now independent and free to plot a self-directed course by which they can grow and prosper. Many of … Read more