Tag: Ireland

  • Top Offshore Mutual Funds

    Offshore mutual funds is a term which generally refers to a collective investment scheme domiciled in an offshore jurisdiction. The reference to offshore, in the classic case, usually means a traditional offshore jurisdiction such as the Cayman Islands, Jersey or the British Virgin Islands. However, the term is also frequently used to include other corporate…

  • PFIC Problem for Americans with Offshore Investments

    WARNING: U.S. Persons who Purchased a Retirement Plan, Savings Plan issued from the Isle of Man, Dublin, Guernsey or U.K. Life Insurance Company are holding a British Style Life Policy (lump sum or savings plan) which requires annual reporting as a PFIC and suffers annual taxes on the growth of 36.9% and huge annual penalties…

  • Global Investors Pour Money Into Ireland

    Ireland has become the jurisdiction of choice for high value investments in hi-tech manufacturing plants, research and development projects and financial services according to the Irish government’s Industrial Development Agency (IDA Ireland) as it marked an “outstanding” year for growth and new investments in 2006. “Ireland is now seeking and winning high value investments, that…