Tag: Channel Islands

  • Jersey Tops Offshore Centers Ranking

    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

    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

    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…

  • Investing Offshore: Why Brits Invest in the Channel Islands

    The Channel Islands are well-known as a place where individuals and companies from Britain often choose to invest their hard-earned cash. They are an example of an offshore financial centre; but what exactly is an offshore financial centre and what are the benefits of placing your money there? Are there any pitfalls to watch out…

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

    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…

  • CISX Reveals Increased Interest In REIT Listings

    It emerged this week that the Channel Islands Stock Exchange (CISX) has experienced significant interest from tax advisers and fund management companies in using the CISX for the listing of UK REITs when they are introduced next year. The flow of enquiries about the potential for listing REITs was one of a number of recent…