Invest Offshore

Category: Tax Havens

  • Gibraltar Prepares For Regulation Of Cryptocurrency Exchanges And ICOs

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    On Friday, the Gibraltar Financial Services Commission released a warning about investment in token offerings (ICOs). Presently, the supervisory agency is weighing legal guidelines for the crowdfunding mechanism. In January 2018, the GFSC will institute a regulatory framework for firms that manage others’ assets using distributed ledger technology. On September 22, 2017, the Gibraltar Financial…

  • Cyberport and Hong Kong Monetary Authority lead Hong Kong’s largest FinTech Delegation to London

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    HONG KONG, Sept. 20, 2017 /PRNewswire/ — Hong Kong Cyberport (Cyberport) and the Hong Kong Monetary Authority (HKMA) bring the largest FinTech delegation to London from 19 to 21 September to expand partnership network for FinTech industry players between the two cities. This is part of the annual ICT delegation co-organised by Cyberport and the Hong Kong Information Technology…

  • New OECD report rates Cayman Islands as ‘largely compliant’ on tax information exchange

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    GEORGE TOWN, Cayman Islands — A new peer review report by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has rated the Cayman Islands as “largely compliant” with the international standard (tax information exchange) – the same rating as Canada, Germany and Australia. “By rating the Cayman Islands as ‘largely…

  • Mauritius – the gate for Chinese Investment into Africa

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    [box size=”large”]The data published by the Mauritius central bank and central statistics bureau in April shows that in 2016 China is the second largest foreign investor in (US$70 million, following US$128 million from France) and the largest exporter to (17.7%) Mauritius.[/box] [box type=”info”]In the same period, China’s investment into the African continent reaches US$3.3 billion…

  • The Crucial Role of Offshore Centers in the Global Economy

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    [box size=”large” border=”full”]Industry representatives in the British Virgin Islands are shouting it from the rooftops: BVI’s financial services sector is a boon to the global economy.[/box] [box type=”note”]A recently released economic impact report commissioned by BVI Finance shows:[/box] 417,000 companies are registered in BVI The companies have US$1.5 trillion in global assets The sector supports…

  • Unprofitable subsidiaries becoming new tax haven for multinational corporations

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    [box size=”large”]Multinational corporations are moving income from their profitable, high-tax subsidiaries into unprofitable ones to save money on taxes, a University of Waterloo study has found.[/box] The study’s findings shed light on a tax planning strategy that is not currently focused on by governments, which tend to focus their efforts on firms who move their…

  • Armenia commits to significantly boosting foreign direct investments

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    MONTREAL, June 2, 2017 /PRNewswire/ – Arton Capital has been appointed to study and evaluate Armenia’s potential to develop and market an immigrant investor program, following an invitation from the International Centre for Migration Policy Development. The ICMPD seeks to promote innovative and sustainable migration policies around the world. The initiative comes as a series of…

  • Barbados remains Canada’s top tax haven

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    “It’s time for the Canadian government to review and renegotiate tax treaties with havens that enable this behaviour.” — Dennis Howlett, executive director of Canadians for Tax Fairness Ottawa (18 May 2017) — Canadians for Tax Fairness is reporting that Canadian businesses that shift money offshore love Barbados. Canadians for Tax Fairness calculated that  $6 billion was shifted to the…

  • Isle of Man named International Finance Centre of the Year

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    The Isle of Man has won the award for International Finance Centre of the Year at the International Adviser Product and Service Awards. Local companies Ardan International, Nedbank and Momentum Pensions also took home awards. Martyn Perkins MHK, Member of the Department of Economic Development with responsibility for Financial Services, commented: ‘The Isle of Man…