Category: Offshore Banks

  • Demand for Skipton International’s Expat mortgages increases

    In a little over one year demand for the bank’s British expat buy-to-let offering has eclipsed that for its established mortgage lending in Jersey and Guernsey. Managing Director of Skipton International, Jim Coupe said: ‘We have been servicing expats with their savings needs for years and knew there would be a demand for buy-to-let mortgages…

  • The Federal Reserve Speculation

    The most common form of arbitrage to remove the effect of taxation is to deal in the cash market, black market or free market. This includes smuggling and other dealings with contraband. Here, the cost of arbitrage may be very great as it can include the risk of government fines and imprisonment. There is also…

  • It’s True: Most Wealthy People Know How to Hide Money

    It is often said that most wealthy people know how to hide money, but the reality is it is impossible to hide money since the Foreign Account Tax Compliance Act (FATCA). Nowadays, the rich do not hide their assets. In the past they used special attorney driven instruments such as a funded and managed family…

  • Why Offshore Banks choose Luxembourg

    Yves Maas is Managing Director and CEO of Credit Suisse S.A. in Luxembourg. Mr Maas is the Chairman of the Luxembourg Bankers’ Association (ABBL) and a Board Member of the European Banking Federation. As Chair of ABBL, the professional organisation representing the majority of banks and other financial intermediaries established in Luxembourg, he acts as…

  • Rise Of The Vulture Investing Class

    The oil markets are showing some life, having rallied 11 percent over a two-day period. But if a bigger rebound is not around the corner, it won’t just be oil companies that will be feeling the pain: their lenders will also face some steep losses if drillers can’t come up with the cash to cover…

  • Passive Foreign Investment Company (PFIC) Problems

    For U.S. persons it is absolutely correct that you should engage in diversification of investments and assets overseas. However, the difficulty with much of the information received from a blog or Google search, no matter how attractive it might seem, is completely out of date. All the points sound great if you say them quickly.…

  • Investors Offshore Bait and Switch

    The two biggest problems to most offshore structures is Reporting & Liquidity. Their reporting is complicated and expensive and their liquidity is none! Some complicated structures require high intensity tax filings, often times these structures were created by the person you pay to do your tax filing. Imagine buying an offshore structure, from the person…