Category: Tax Havens

  • Macau to leave tax haven ‘blacklist’ after complying with EU rules

    Macau is soon to leave the European Union’s (EU) tax haven ‘blacklist’. This change is part of a proposal on the part of EU officials which aims to remove eight out of 17 jurisdictions from the list, which was most recently updated last month. Under the proposal, several news agencies reported that problematic jurisdictions –…

  • Get EU residency by buying a property in Cyprus

    At the moment there is a growing urgency for many South Africans to want to diversify and invest in offshore property to secure a Plan B; as the property investment offers an insurance against political instability and economic risk. Europe is by far still the preferred property investment destination as not only does the EU…

  • Why the Isle of Man is NOT a tax haven

    Forty-two years ago when former assessor of income tax Mark Solly published ’The Isle of Man: Anatomy of a Tax Haven’, tax havens were places where there was lower taxation than you had at home, where you could set up your trading company or family trust or even move in yourself. The motivation of those…

  • The Financial Centre of the Year (Mena)

    Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is awarded “The Financial Centre of the Year (MENA)” for 2nd consecutive year by the Global Investor/ISF publication at the annual MENA Capital Markets Summit & Awards in Dubai. This accolade, presided by a prestigious independent panel of industry judges, recognises ADGM for…

  • Buried Treasure: How Much Is Hidden in Tax Havens?

    Switzerland, which developed cross-border wealth-management in the 1920s, once was in a league of its own as a tax haven. Since the 1980s, however, tax-dodgers have had a rich menu to choose from: They can hide assets anywhere from the Bahamas to Hong Kong. The percentage of global wealth held offshore has increased dramatically—but it…

  • What Puerto Rico Tells Us About Global Trade

    Trade in tax often trumps trade in tasks. The United States compiles data about Puerto Rico’s trade with the world. The largest supplier of imports to Puerto Rico? Ireland. The second largest? Singapore. Tax trumps gravity, it seems. Incidentally, Switzerland jumped into third place in the 2016 league table, leaping past other exporters of chemicals and Puerto…

  • How To Invest In Bermuda

    Why Invest In Bermuda? Bermuda is an island nation in the Atlantic Ocean that is known for its resorts and also as an offshore financial hub. With a population of just 65,000 people, its economy is small and so most investors would not even consider Bermuda as an investment destination. However, in its transformation into…

  • Gibraltar Prepares For Regulation Of Cryptocurrency Exchanges And ICOs

    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

    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…