Invest Offshore

Tag: Jersey

  • Jersey Tops Offshore Centers Ranking

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    Aaron
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    Jersey has retained its top spot as the highest rated offshore jurisdiction in the latest biannual Global Financial Centers Index (GFCI) despite an overall fall in the rankings for the Channel Islands amid fierce onshore competition. Among offshore territories, Jersey placed highest in 28th place, next followed by Guernsey (31st), the Cayman Islands (41st) and…

  • PFIC Problem for Americans with Offshore Investments

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    Aaron
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    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…

  • RBC Wealth Management named Best Private Bank in the Channel Islands

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    Aaron
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    RBC Wealth Management has continued its recent award success by being named the Best Private Bank in the Channel Islands at the 2012 World Finance Banking Awards. World Finance’s judging panel used a wide range of criteria to decide the recipients of the 2012 awards. These included assessing each firm’s performance, the variety and clarity…

  • Statement from Geoff Cook, Jersey Finance, relating to recent comments by Ed Miliband

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    Aaron
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    We have noted with disappointment the comments made by the leader of the opposition, Ed Miliband, over the weekend, in which he urges action by the EU against British Crown Dependencies, including Jersey. It is disappointing when political leaders choose to make inaccurate accusations about Jersey which do not reflect the positive contribution that Jersey…

  • Jersey remains top offshore centre and climbs into top ten centres globally for wealth management in latest GFCI

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    Aaron
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    Jersey has climbed two places, retained its position as the highest rated offshore international finance centre and enhanced its global reputation, according to the latest Global Financial Centres Index (GFCI) released on Monday 26th September 2011. Overall, Jersey is placed 21st in the competitive rankings, which are published every six months, ahead of Guernsey in…

  • 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…

  • 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…