Category: Offshore Banks
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To place, or not to place money offshore?
Q&A between Lindsay Williams and Peter Rigby about Money Offshore; December 2004 the rand trades at 5.60 to the US dollar – the first weeks of January 2005 the rand weakens to 6.14, strengthens temporarily, and slides once more – should investors be looking offshore? Alexander Forbes Financial Planning Consultants senior advisor Peter Rigby LINDSAY…
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ING on the prowl overseas
ING Industrial Fund is the latest vehicle to head offshore but it has its sights more on Europe than the United States. The plan to head overseas was revealed when the fund announced an 8.5 per cent rise in net profit to $52.7 million for the six months ending December 31, 2004. Distribution for the…
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Taxation, Globalization and Free Trade in the Bahamas
The first offshore Free Trade operations in the Western Hemisphere were established in the Bahamas in 1936 by British and Canadian interests to provide management services for the investments of wealthy clients. These operations eventually became a wholly owned subsidiary of the National Westminster Bank, which was consolidated into the private banking operations of its…
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FAQs on Offshore Investments
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…
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Selecting the right bank to enhance investments, privacy and financial security.
As we move closer to a global economy, there is a trend among smaller, less economically developed countries to follow Switzerland’s lead to legislate measures to attract foreign investment money to their economy. As a result new financial opportunities are opening to those who are willing to take advantage of them. The global economy is…