Invest Offshore

Category: Tax Havens

  • Monaco Opens Up Finances

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    Aaron
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    Decades after becoming Europe’s number one tax haven, Monaco is to start collating and publishing figures showing it’s GDP for the first time. Your Monaco, who produce an independent travel guide for Monaco and Monte Carlo, say that those who are considering moving to Monaco because of her zero income tax policy have nothing to…

  • Bahamas Laws to Go Online

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    Aaron
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    Government officials hope the recently launched Bahamas Government Online Initiative will clear the way for the country’s laws to be online within days. It’s considered important to help citizens and foreigners speed up their decision making for such things like investments. The basis of the Bahamas Laws and legal system lies within the English Common…

  • EU Orders Luxembourg to Repeal Tax Breaks

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    Aaron
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    The European Commission has ordered Luxembourg to repeal its preferential tax regime for financial holdings by the end of the year. The commission said the scheme gives unjustified tax advantages to providers of certain financial services with holding companies in Luxembourg. Stable and high-income market economy features moderate growth, low inflation, and a high level…

  • Using Offshore Tax Havens for Privacy & Profit

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    Aaron
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    Editorial Review Why invest abroad? Today, growing numbers of investors are convinced that the U.S. is no longer the land of safety or opportunity when it comes to investments. They recommend that you research the country to which you entrust your holdings as carefully as you do your broker, banker, bond ratings or any investment.…

  • Offshore Investors Beat EU Directive to Avoid Tax

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    Aaron
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    Tens of thousands of investors with money tied up in offshore financial centres have been successfully exploiting loopholes in the new EU savings directive to avoid tax. Only €100m (£69m) was raised by Switzerland in the first six months of the new law’s operation. Over the same period, Jersey raised just £9m and Guernsey just…

  • Jersey’s Finance Sector Roars Ahead

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    Aaron
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    Jersey’s fund sector grew by a stunning 50% in the last year and now services more than 1,000 funds with net asset value of GBP156 billion, reports Jersey Finance. The key highlights across all sectors are as follows: Bank deposits increased by GBP3.3 billion (1.8%) to £188 billion over the first quarter of 2006. The…

  • EU Tax on Offshore Savings Falls Flat

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    Aaron
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    Europe’s 14-year struggle to tax its citizens’ offshore savings has flopped, after investors in countries such as Switzerland and Luxembourg exploited loopholes in a controversial savings law. In the first six months of the law’s operation, Switzerland ­ the world’s leading offshore financial centre ­ raised only €100m in withholding taxes on the vast savings…

  • Beijing for Hong Kong IFC

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    Aaron
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    Leaders affirm the central government has been attaching great importance to and supporting the financial development of Hong Kong. They pledged that the central government will actively take measures that would be favorable for the development of Hong Kong’s financial industry, the consolidation of Hong Kong’s status as an international financial center and the cooperation…

  • Qatar Regulatory Authority Signs MOU with Jersey FSC

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    Aaron
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    The Qatar Regulatory Authority announced today that the Regulatory Authority has entered into a Memorandum of Understanding (“MoU”) with the Jersey Financial Services Commission (“JFSC”). The MoU formalises arrangements for cooperation and information sharing between the two regulators. The Qatar Financial Centre Authority (QFC Authority) is a business and financial centre located in Doha, providing…