The advent of the internet and the ability to work from anywhere has given rise to a new class of professionals: digital nomads. These location-independent workers, who leverage technology to perform their jobs from any corner of the globe, require unique solutions for managing and growing their wealth. Offshore investing presents an excellent opportunity for […]
The global financial landscape has witnessed significant transformations over the past few decades. The rise of offshore financial centers and the opportunities they present have played a key role in this transformation. Particularly, offshore private equity (PE) and venture capital (VC) have emerged as potent tools for high-net-worth individuals and institutional investors alike, helping them […]
Customized EOS Blockchain Pairs With Protocol Token to Enable WAX Virtual Marketplace GRAND CAYMAN, Cayman Islands, April 17, 2018 /PRNewswire/ — Worldwide Asset eXchange™(WAX) today announced that the company will build their peer-to-peer marketplace using a custom blockchain based on the EOS platform. After an extensive evaluation of the general technology, code maturity, code stability, available documentation, development community size and […]
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 […]
417,000 companies are registered in BVI The companies have US$1.5 trillion in global assets The sector supports 2.2 million jobs worldwide. Impressive as the results are from our British colonial cousin (applause, applause), we are certain that a similar analysis of the Cayman Islands’ global impact would yield similar – perhaps larger – figures. As […]
Offshore law firm Appleby noted in its latest Offshore-i report that last year Cayman-incorporated companies were the target of 920 transactions worth a combined US$84 billion, representing 36 percent of total offshore deal value. “Cayman remained the leader in offshore deal volume and value in 2016, accounting for the largest portion of the year’s offshore […]
Top Ten Wealth Building Myths U.S. Person Wealth Building Myths are: Myth No. 1 You can’t build wealth without a reduction of your spendable income. Myth No. 2 There is no economic advantage to deferring income. Whether you get paid now or later, you end up with the same amount of money. Myth No. 3 […]
Sanctions unlikely, lobbyist says The leading advocate for repeal of the U.S. Foreign Accounts Tax Compliance Act has called “laughable” any attempt to sanction Washington – should it rescind FATCA – for noncompliance with copycat European tax laws. Washington-based anti-FATCA tax-lawyer and lobbyist James Jatras said European efforts to pinpoint U.S. taxpayers through the Organization […]
Brazilian investment manager, Captalys, launches its first offshore fund with the support of Apex Fund Services as administrator. Captalys has BRL 1.5BN in AUM and invests in Brazilian private credit. The onshore fund has a six-year track-record (returning 20.2% last year and 19.3% in 2015) and started 2017 positively, gaining 1.7% in January. The recently […]
The portion of global investment flowing through tax havens has risen by $700bn in two years, according to an analysis by ActionAid. The NGOs evaluation of data from the International Monetary Fund evidences a 5% increase in investment moving through tax havens between 2013 and 2015, from $11.8tn to $12.5tn. ActionAid said this growth was […]
Statement by FACT Deputy Executive Director Clark Gascoigne WASHINGTON – The offshore companies controlled by Treasury Secretary-designate Steven Mnuchin featured prominently in his Senate confirmation hearings held last week in Washington. It was revealed that the former investment banker managed companies with assets in Anguilla and the Cayman Islands, both widely recognized as tax havens. […]
OrbisResearch has added report on “HNW Offshore Investment:Booking Center Preferences 2016” Market.The report is split by product types, Size, Share, Applications DALLAS, TX, UNITED STATES, January 24, 2017 /EINPresswire.com/ — 2015 was a weak year for the Global HNW Offshore Investment Market. However, there have been clear winners and losers as the dynamics of the […]